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From June 1, 2020, a number of policies and regulations related to the textile industry will be formally implemented. For example, the new regulations on the export of epidemic prevention materials, the expansion of the self-printing of certificates of origin, and the bank's prohibition of raising loan interest rates on the grounds of loan cuts, etc.

1. Six types of anti-epidemic materials such as masks are suspended nationwide through market procurement and trade

According to the "Notice on Suspension of Market Procurement and Export of Specific Anti-epidemic Materials" issued by the Commerce Bureau of Yiwu City, from May 10th, the nationwide market procurement and trading methods will be suspended for the export of new coronavirus detection reagents, medical masks, medical protective clothing, and ventilators , Infrared thermometers and other medical materials and non-medical masks and other epidemic prevention materials (referred to as "5 + 1 epidemic prevention materials").

According to the notice, as of May 2 this year, those who falsely reported or concealed the export of the aforementioned materials will be severely punished once they are caught. Among them, for market procurement trade operators, the industry credit is directly deducted to zero points, the market procurement trade operator's registration registration is cancelled, and the 50% trade reward for the current quarter is deducted; for the market purchase trade group consignor, the industry credit is directly deducted to zero points, Cancel the registration of the consignor of the market procurement group and prohibit the corporate legal person from registering the consignee again within one year; for general trade export enterprises, the industry credit is directly deducted to zero points, and the general trade export incentives will be deducted by 50% in 2020.

2. The scope of self-printing certificate of origin expanded

According to the "General Administration of Customs Announcement No. 63 of 2020 (Announcement on Expanding the Scope of Self-Printing Certificates of Origin)", from May 11, 2020, on the basis of the original 15 types of self-printing certificates of origin, the following three new The certificate of origin is a self-printing certificate:

01. Certificate of Origin of China-ASEAN Comprehensive Economic Cooperation Framework Agreement (Lost to Indonesia)

02. Certificate of Origin of China-ASEAN Comprehensive Economic Cooperation Framework Agreement (Lost to Singapore)

03. Certificate of Origin of "Asia-Pacific Trade Agreement" (lost to India)

Other matters shall be implemented in accordance with General Administration of Customs Announcement No. 77 of 2019.

3. The latest support measures of the SAFE

The State Administration of Foreign Exchange issued a notice on May 20 to support the development of new trade formats to facilitate the handling of related foreign exchange businesses, better support the development of new trade formats such as cross-border e-commerce, and promote the quality and efficiency of foreign trade. The notice shall be implemented as of the date of publication.

According to the "Notice of the State Administration of Foreign Exchange on Supporting the Development of New Trade Formats", the SAFE will broaden the settlement channels for new trade formats, support eligible banks to conduct foreign exchange transactions based on transaction electronic information, and facilitate the settlement of cross-border e-commerce export business funds. The overseas e-commerce company can settle the costs of overseas storage, logistics, taxation and other expenses against the export payment.

The notification optimizes the cross-border substitution of taxes and fees related to cross-border e-commerce, and enterprises can advance warehousing, logistics, taxes, etc. related to cross-border substitution for customers. Individuals can handle foreign exchange settlement under cross-border e-commerce and market procurement trades through foreign exchange accounts to meet individual foreign trade settlement needs.

In terms of improving the settlement of market procurement trade funds, the notice proposes that banks that have filed with the market procurement trade platform can use the platform information to handle the collection and settlement of foreign exchange entrusted to third-party declarations. In order to support foreign trade comprehensive service enterprises to handle export collection of foreign exchange, the notice stipulates that foreign trade comprehensive service enterprises that meet the technical requirements can handle the export foreign exchange collection procedures for the clients they serve through banks that have the ability to audit electronic information for transactions.

The notice also optimizes policies in terms of facilitating enterprises to conduct foreign exchange business remotely, optimizing the declaration of foreign-related receipts and payments for small-value transactions, and continuously tracking the innovative development of new trade formats.

4. Adjustment of U.S. tax increases to China

On May 21, local time, the US Trade Representative Office announced a new batch of US $ 200 billion in product exclusion and revision announcements under the tariff-added goods list: 78 new exclusion products were added; 6 historical exclusion product descriptions were revised. The exclusion period can be traced back to the effective date of the 200 billion list, which is September 24, 2018. The deadline for applying for the return of the original additional tariff: 180 days after the exclusion formally takes effect.

On May 12, local time, the Office of the United States Trade Representative announced the fourth batch of products with extended exemption and expiration dates (products in the 34 billion tariff exclusion list). The expiration date of the batch was originally scheduled to expire on May 14, 2020. The notice decided to extend the exclusion period from May 14, 2020 to December 31, 2020. There are 40 items in the original list of the fourth batch of 34 billion tariffs excluded products. This time, only 13 items have been extended, and 27 items have not been extended.

On May 8, local time, the Office of the US Trade Representative announced a new batch of products under China's $ 300 billion tariff levy A list of products: 8 new exclusion products and 1 historical exclusion product description. The exclusion period is valid from September 1, 2019 to September 1, 2020.

5. Banks must not raise loan interest rates on the grounds of breaking loans

The “Notice on Further Regulating Credit Financing Charges and Lowering the Comprehensive Costs of Corporate Finance” issued by the China Banking and Insurance Regulatory Commission and other six departments proposed that fees such as credit fund management be eliminated. Banks shall not charge credit funds for entrusted payment of transfer fees. For the credit funds that have been allocated but not yet used by the enterprise, no fund management fee shall be charged. For small and micro-enterprise credit financing, it is not possible to stipulate in the loan contract early repayment or delay in payment of liquidated damages, and to cancel overdue promise fees and credit certification fees for corporate accounts.

The "Notice" makes it clear that the banking insurance industry shall not force companies to purchase insurance, wealth management, funds or other asset management products at the time of credit approval. It is also necessary to carry out credit review in advance, not to raise the interest rate of loans on the grounds of breaking loans, to ensure that companies with capital needs to obtain loans at a reasonable cost; to not continue to provide credit support to "zombie enterprises", squeeze out bank loans and push other companies Financing costs.

6. Implementation of the "Compulsory National Standard Management Measures"

The "Administrative Measures for Compulsory National Standards" will come into effect on June 1, 2020. The Measures pointed out that mandatory national standards should be formulated for the protection of human health and life and property security, national security, ecological and environmental security, and technical requirements to meet the basic needs of economic and social management.

On April 28, 2020, the State Administration of Market Supervision issued the "Announcement on Optimizing the Catalogue of Compulsory Product Certifications" to merge and optimize some product categories in the catalogue. The optimized compulsory product certification catalogue has a total of 17 categories and 103 products .

7. Issuance of the "National Special Action Plan for the Quality and Market Order of Epidemic Prevention Materials"

On May 13th, the General Administration of Market Supervision and other seven departments issued a notice on the "Special Remediation Action Plan for the Quality and Market Order of National Epidemic Prevention Materials". The notice pointed out that the focus was on masks, protective clothing, ventilators, infrared thermometers (forehead thermometers) Five types of epidemic prevention materials such as new coronavirus detection reagents and their important raw and auxiliary materials have been strengthened to ensure the smooth operation of the entire industrial chain of epidemic prevention materials.

8. Containers that are overweight are not allowed to be loaded on ships, fines for offenders or legal liability

A few days ago, the Ministry of Transport promulgated the "Decision on Amending the" Rules of the People's Republic of China on Ship Safety Supervision "" (Decision 6), which will take effect on June 1, 2020. In order to facilitate the relevant units and personnel to better understand the content of the "Rules" and effectively implement the work.

9. Detailed rules for the implementation of random inspection of non-medical mask product quality supervision

On May 22, the General Administration of Market Supervision announced the implementation rules for the quality supervision and random inspection of non-medical mask products.

10. Product maintenance business can be carried out in the comprehensive bonded area

On May 14, the Ministry of Commerce, the Ministry of Ecology and Environment, and the General Administration of Customs jointly issued an announcement "About Supporting the Development of Maintenance Services for Enterprises in Comprehensive Bonded Zones" to support enterprises in comprehensive bonded zones to carry out maintenance services. Enterprises in integrated bonded zones can develop aerospace, The maintenance business of 55 products such as ships, rail transit, construction machinery, CNC machine tools, communication equipment, precision electronics, etc.

This move will help companies reduce the pressure on overseas product after-sales service. Effective May 14

Taixing Hongyang New Material Technology Co., Ltd. has a professional R & D and production team, introducing advanced technology and equipment, and is committed to the production of high-quality polypropylene high-strength yarn, polypropylene aerial yarn, polyester aerial yarn, webbing and other products! The company is still developing and expanding, and we look forward to a win-win cooperation with you!

If you want to know more product information, please contact: Liu Xuelian 18914408040 Website: http://lnxnc.cn/