Focus! August new foreign trade regulations are coming, these changes you need to pay attention to!

The new foreign trade regulations that came into effect in August include：

Chinese government adjusts export tariffs on some steel products

Shipping companies add surcharges on GRI, PSS, VAD, CGS, etc.

Russia imposes export tariffs on 340 non-ferrous metals and steel products

Pakistan adjusts tariffs on many types of luxury goods and textile materials

India abolishes import tariffs on 7 organic chemical raw materials for pharmaceuticals

Myanmar eases import of epidemic prevention materials

Chinese government adjusts export tariffs on some steel products

On July 29, the latest news, China's Ministry of Finance and the State Administration of Taxation jointly issued the "Announcement on the Cancellation of Export Tax Refunds for Steel Products" (hereinafter referred to as "Announcement"). According to the Announcement, the export tax rebate for some steel products will be cancelled from August 1, 2021. The specific implementation time is defined by the export date stated on the customs declaration of export goods.In addition, from August 1, 2021, the export tariff of ferrochrome and high purity pig iron will be appropriately increased and the export tax rate will be 40% and 20% respectively after adjustment.

This is the second time since May 1 that the Chinese government has removed tariffs on some steel products.

India abolishes import tariffs on 7 organic chemical raw materials for pharmaceuticals

The Central Board of Indirect Taxes and Tariffs (CBIC) of the Ministry of Finance of India issued the 35/2021-Customs announcement on July 12, abolishing import duties on seven organic chemical raw materials for pharmaceuticals, including six items of lecithin (Egg Lecithin, HS 29232090) and high cholesterol (Cholesterol HP, HS 29061310) The other raw materials used in the manufacture of Covid-19 test reagents will be exempted from duty until September 30, 2021.

After the outbreak of the second wave of the epidemic in India, the Ministry of Finance has announced the cancellation of import duties and GST on many products including medical oxygen, oxygen concentrators, testing reagents, active pharmaceutical ingredients (API), vaccine materials, etc.

Myanmar eases import of epidemic prevention materials

The Ministry of Commerce of Myanmar issued a circular on July 11, which reads as follows：

In order to facilitate the implementation of preventive measures for the New Crown Pneumonia outbreak, the Ministry of Commerce, in cooperation with relevant authorities, will allow the timely import of medicines and other medical equipment by sea or through border trading posts.

For the treatment of the epidemic required for oxygen concentrators (Oxygen Concentrators), will not need to apply for FDA certificates and import permits, and can be picked up in advance, without the immediate payment of 3% customs duties.

Some unscrupulous individuals are currently spreading false information on social media to raise market prices and cause public panic by forging official documents banning the import of drugs and medical supplies.

The Ministry of Commerce said that the letters are false and it will take action against those who spread false information according to the law and promptly relax some restrictions on the import of drugs and medical equipment.

On July 12, the Ministry of Commerce of Myanmar issued Communication No. 12/2021, in which the Ministry of Commerce of Myanmar issued a letter stating that due to the rapid spread of the third wave of the new pneumonia epidemic, all medicines and medical equipment for the prevention and control of the epidemic and liquid oxygen, which previously required an import license, would be allowed to be imported without an import license for three months from July 12.

Malaysia imposes anti-dumping duties on some Chinese products

The Ministry of Trade and Industry of Malaysia has issued a press release stating that from July 20, 2021, Malaysia will impose an anti-dumping duty on imports from China and Vietnam of flat rolled products of iron or non-alloy steel (Pre-painted/Painted/Colored Coated Steel Coils), with customs tariff numbers 7210.70.1100, 7210.70.1900, 7210.70.9110, 7210.70.9190, 7210.70.9910, 7210.70.9990) for a period of 5 years at rates ranging from 12.06% to 52.10%, in order to protect the domestic steel industry.

I hope the above foreign trade information can help you!