Recently, China signed the Free Trade Agreement with Maldives, the 16th free trade agreement signed by China.
According to the Jiangsu Inspection and Quarantine Bureau of origin visa staff introduced, China-Malaysia Free Trade Agreement to achieve a high level of tariff concessions, the two sides agreed to eventually achieve zero tariffs on product tax items and imports accounted for nearly 96% of China's exports to Malaysia Of the vast majority of industrial products and flowers, vegetables and other agricultural products will benefit from the majority of Malaysia's fish and aquatic products exports will enjoy the advantages of zero-tariff treatment.
According to statistics, in 2016, the total value of goods exported to the Maldives by Jiangyin reached 430,000 U.S. dollars. From January to October 2017, the total amount of exported goods has reached 280,000 U.S. dollars, up 27.59 percent over the same period of last year.
The main types of products are concentrated in coatings, plastic products, furniture, wood flooring and aluminum profiles, etc. After signing the Agreement, both parties will implement the relevant domestic procedures to bring the FTA agreement into force as soon as possible and by then, if these products hold one A copy of the "China-Malaysia Free Trade Agreement Certificate of Origin" is expected to bring about 5% -10% of the value-added tariff relief to Jiangyin Enterprises. By January-October 2017, the tariff reduction will be at least enjoyable 14,000 US dollars.
The official of Jiangsu Inspection and Quarantine Bureau said that enterprises should pay close attention to the construction of China-Malaysia Free Trade Area in time and actively contact the local inspection and quarantine department before export so as to understand the latest policy of tariff reduction and exemption, make full use of policy dividends and enhance products in the international Market competitiveness.