Since July, The Mainland'S Cotton Textile Fibers Will Enjoy Zero Tariff In Shenzhen Hong Kong Trade.

2010/6/10 16:06:00 56

8 days from

Shenzhen customs

It is learned that trade between Shenzhen and Hongkong and Macao will increase the zero tariff treatment for many kinds of goods, the most important of which is the cotton textile fibers for port trade.

According to the table of origin of newly added zero tariff goods added to Hongkong since July 1, 2010, and the newly added Macao enjoy zero from July 1, 2010.

tariff

The standard of origin of goods ", starting in July 1st this year, part of the cotton textile fiber products originate from the mainland or Hongkong will enjoy zero tariff in Shenzhen Hong Kong trade.

Customs is expected to introduce zero tariff concessions to Shenzhen.

Textile and clothing

Exports have a stimulating effect.

It is learnt that the cotton textile fiber products that are about to enjoy zero tariff will have to be manufactured from the waste cloth produced in the process of manufacture or processing of the textile factories in the mainland or Hongkong. The main procedures are classified, chopped, disassembled, arranged and bound, and meet the standard of ad valorem percentage.

At present, such goods trade must collect 30% of the general tariff and 17% of the import value-added tax, even the most favored nation trade tariff rate has reached 10%.