Foshan Kexun Cable Industrial Co., Ltd.

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Changes of Generalized System of Preferences Certificate

Views:742     Publish Time: 2021-12-08 22:59:40      Origin:Site Inquire

With the rapid development of China’s economy and the continuous improvement of people’s living standards, China is no longer a low-income or low-middle-income economy according to World Bank standards. Announced the cancellation of China’s Generalized System of Preferences.

After the preferential countries notified the cancellation of the GSP treatment, China’s export commodities could no longer enjoy tariff preferences by virtue of the GSP certificate of origin. The relevant visa measures of the customs also notified the Eurasian Economic Commission to cancel the GSP treatment granted to China. Since April 1, 2019 and October 12, 2021, GSP certificates of origin will no longer be issued to Japan and the Eurasian Economic Union.

According to the Announcement No. 84 of the General Administration of Customs in 2021, starting from December 1, 2021, the customs will no longer issue GSP certificates of origin for goods exported to EU member states, the United Kingdom, Canada, Turkey, Ukraine, and Liechtenstein. Form A have stopped to release to Russia from institute. 

In addition to EU member states, the countries that will no longer issue GSP certificates of origin include Canada, Turkey, Ukraine, Liechtenstein, and the United Kingdom, which has left the EU.

The GSP certificate of origin will no longer be issued to the above-mentioned countries and it will be formally implemented from December 1.

Up to now, only Norway, New Zealand, and Australia still retain the GSP treatment for China. For goods exported to these three countries, companies can still apply for the GSP certificate.

The Generalized System of Preferences short for GSP, which is a universal, non-discriminatory, non-discriminatory provision of manufactured and semi-manufactured products from developed countries (the beneficiary countries) to developing countries and regions (the beneficiary countries) Non-reciprocal tariff preference system. Since the implementation of the Generalized System of Preferences in 1978, 40 countries have given China's GSP tariff preferences, most of which are China's important trading partners, such as EU member states and the United Kingdom, Russia, Canada, and Japan. China has also actively used the Generalized System of Preferences to expand exports to developed countries, and has played an important role in the growth of foreign trade and industrial development.

The 40 countries that have granted China's GSP tariff preferences are: EU 27 countries (France, Germany, Italy, Netherlands, Luxembourg, Belgium, Denmark, Ireland, Greece, Portugal, Spain, Sweden, Finland, Austria, Poland, Czech Republic) , Slovakia, Hungary, Malta, Slovenia, Lithuania, Latvia, Estonia, Cyprus, Bulgaria, Romania, Croatia), the United Kingdom, 3 countries of the Eurasian Economic Union (Russia, Belarus, Kazakhstan) Turkey, Ukraine, Canada, Sweden, Liechtenstein , Japan, Norway, New Zealand, Australia.

What is a universal certificate of origin?

The GSP certificate of origin is a preferential certificate of origin issued by the authorized agency of the preferential country in accordance with the rules of origin and related requirements of the GSP preferential country. It is a preferential certificate of origin for export products to enjoy the preferential tariff preference of the GSP country. Official documents. The format of the certificate follows the "Generalized System of Preferences Certificate of Origin (Combination of Declaration and Certification) Form A" (Form A), which is self-printed by the benefiting countries in accordance with the uniform format prescribed by the UNCTAD Special Committee on Preferences System, and fill out and issue in accordance with the relevant regulations of the favored country.

In our country, the customs is the only issuing agency for the GSP certificate of origin.Undoubtedly, enjoying tariff preferences is the most important and critical use of the GSP certificate of origin. As far as China is concerned, due to the "demand" of foreign customers in international trade, the GSP certificate of origin issued by China has also been used for other purposes, including as a certificate of origin, for foreign exchange settlement and flow certification, trade practices, and Trade documents, etc.

Since this changes happened, suggestions have to make with customers:

Communicate and explain well with foreign customers.

It is recommended that export companies inform foreign customers of the requirements of the customs announcement as soon as possible, communicate and explain well, and avoid the situation that the lack of the GSP certificate of origin may affect trade.

Can apply for non-preferential certificate of origin or free trade agreement certificate of origin.

After December 1st, if an enterprise needs to apply for a certificate of origin for goods exported to the above 32 countries, it can apply for a non-preferential certificate of origin (also known as a general certificate of origin, abbreviated as CO). The non-preferential certificate of origin is a certificate of origin of goods issued in accordance with the country’s non-preferential rules of origin. It has been self-printed at present. Compared with the GSP certificate of origin, it is more convenient and efficient to apply. A full set of application procedures can be completed.

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Foshan Kexun Cable Industrial Co., Ltd.
Tel :+86-757-85225523
Tel: +86-13929926684
Fax : +86-757-85225512
Add : No.6, Zhiye Road, Songxia Industrial Park, Songgang, Shishan Town, Nanhai District, Foshan City, Guangdong, China. 528234

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