Certificates of origin benefit Quanzhou exporters in Jan-Sept
A Quanzhou Customs officer answers queries regarding certificates of origin. [Photo by Guo Yuxian/chinadaily.com.cn]
Statistics showed that from January to September of this year, Quanzhou Customs issued 21,000 preferential certificates of origin for foreign trade agreements worth $1.22 billion, up 24.1 percent and 55.7 percent year-on-year respectively.
More than 1,000 companies in Quanzhou, Fujian province received tax relief of about $74 million due to the FTA preferential certificates of origin.
The certificate of origin is a document containing information confirming the country of origin for export commodities to enter the field of international trade. Holders of the preferential certificate of origin of FTA issued by local customs can enjoy the preferential tariff policies of the relevant importing countries, thus reducing trade costs.
Quanzhou Customs has been bolstering its effort to construct smart customs, as well as improve the intelligence and facilitation of certificate of origin claims to provide benefits to export companies with preferential origin policies.
Thanks to the supportive policies and smart customs measures of Quanzhou Customs, this year our company applied for over 200 FTA certificates of origin, with a value of more than $14 million, and enjoyed tariff preferences of about $500,000 in the importing countries, said the general manager of Quanzhou Yida Home Appliance Industry Co.
Quanzhou Customs has been promoting services like the smart verification, self-printing, and free delivery of the certificates of origin to companies. To date, the smart verification service has covered all kinds of certificates of origin issued by Quanzhou Customs, while the proportion of self-printed certificates has increased from 71.4 percent before May 2020 to the current 81.3 percent.