Prospects for petrochemical general machinery exports to ASEAN

The China-ASEAN Free Trade Area Agreement on Trade in Goods was implemented on the 20th of last month. Both parties to the agreement implemented tax reduction measures for products of more than 7,000 tax purposes, and granted preferential tariff treatment to products originating in China and ASEAN, and realized the customs clearance of each other's goods at the free trade zone tax rate. This will significantly promote trade between China and ASEAN and have a positive and far-reaching impact on the development of bilateral economic and trade relations.

According to the "Goods Trade Agreement", the two parties divide trade products into normal products, general sensitive products and highly sensitive products. Among them, normal products refer to products that both parties believe can reduce taxes, and most petrochemical general machinery is included. Therefore, it is timely for China to expand the export of petrochemical general machinery.

In recent years, China's petrochemical general machinery exports to ASEAN have been increasing year by year, and the customs statistics have confirmed this point. In 2003, the total import and export of mechanical products to the ASEAN by the China Machinery Industry Federation was 8.16 billion US dollars. Among them, exports were 4.859 billion US dollars, imports were 3.301 billion US dollars, and the surplus was 1.558 billion US dollars. In 2004, the total import and export volume was US$11.575 billion, an increase of 41.85% over the previous year. Among them, exports were 6.826 billion US dollars, an increase of 40.48%; imports were 4.749 billion US dollars, an increase of 43.86%; a surplus of 2.077 billion US dollars. From January to May this year, the total volume of imports and exports increased by 27.16%, of which exports increased by 35.14%. Under the background of good momentum, China's petrochemical general machinery industry needs to fully grasp this important business opportunity and expand exports. In particular, exports to Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam and other countries have better prospects.

It needs to be clear that China's petrochemical general machinery has some competitive products, such as oil and gas drilling rigs and parts, some chemical machinery, reciprocating drainage pumps, metering pumps, diving and submersible electric pumps, centrifugal pumps, air pumps, Fans, air conditioners and their compressors, gas compressors, freezers, household refrigerators, freezers, refrigeration equipment parts, dryers, heat exchange devices, oxygen generators, filtration and purification machines, filter presses, industrial dust removal Rubber and plastic processing machinery, various valves and parts, gears and transmissions, etc., paper cutters, offset presses, letterpress presses, inkjet printers, injection molding machines, etc. Relevant enterprises should prepare in advance according to the tax reduction schedule stipulated in the agreement.

But pay attention to two points: First, when exporting, you should pay attention to fill out and obtain the Certificate of Origin (FormE) before you can enjoy tax reduction and exemption. Chinese enterprises can apply for the certificate of origin at the AQSIQ and its local inspection and quarantine bureaus, and the certificates are exported to ASEAN at the agreed rate. Second, we must look for partners and agents with good reputation and ability to cooperate and develop the city.

At the same time, due to the reduction of China's import tariffs, we must also pay attention to the situation of importing petrochemical general machinery from ASEAN, analyze the possible impact on domestic enterprises, and take timely measures. In order to prevent some commodities from being re-exported without substantial processing in ASEAN and affecting the development of relevant enterprises in China, relevant government departments need to strengthen supervision and management. According to the agreement, machinery products imported from ASEAN must be mainly processed in ASEAN countries and added 40% or more, because the total value of raw materials, combined parts, labor value and product development expenditures obtained in ASEAN and exports of manufactured goods The FOB price ratio should be equal to or greater than 40%. After the inspection by the competent authorities of both parties, the certificate of origin is issued and the tariff reduction and exemption can be granted.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.

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