Shenzhen And Hong Kong Trade Zero Tariff On Cotton Textile Fibers In The Mainland

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 customs and Excise Department's "table of origin of newly added zero tariff goods added to Hongkong" since July 1, 2010, as well as the table of origin of newly added zero tariff goods added to Macao from July 1, 2010, and from July 1, 2010 onwards, the origin is part of the mainland or Hongkong. Cotton textile fiber products It will enjoy zero tariff in Shenzhen and Hong Kong trade.

Customs is expected to launch soon. Zero tariff Concessions will have a stimulating effect on Shenzhen's textile and clothing exports.

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%.