May 23, 2017. Although China has been granting special preferential tariff treatment to LDCs with established diplomatic relations since 2002, it recently introduced changes to improve the administration of the origin of import goods. On 1 March 2017, the General Administration of Customs of China (GACC) issued the Administrative Measures of the PRC Customs on Rules of Origin of Imported Goods from the Least Developed Countries Entitled to Special Preferential Tariff Treatment (GACC Decree No. 231, “the Decree”), effective from 1 April 2017. Previous decrees (No. 192 & 210) on the subject are abolished and replaced by the new measures. The new Decree makes exporting goods to China easier for LDCs by expanding the criteria that determine the national source of a product and streamlining the consignment process.
Photo Source: China Briefing
The new measures are designed to lower operational obstacles in an effort to help LDC exporters compete in an increasingly global market. Exporters should familiarize themselves with the new requirements and incentives provided by China Customs. The main contents of the Decree are detailed in a brief courtesy of KPMG.