China made significant improvements last year in the efficiency of its customs clearance to facilitate foreign trade, the General Administration of Customs (GAC) said.
In December 2020, an average of XNUMX tons of goods were used to pass through Chinese customs. 34,91 hours for imports and 1,78 hours for exports: 1,82 and 0,95 hours faster than a year ago, the agency said.
Compared to 2017, Import clearance time at customs was reduced by 64,2 percent, while export clearance time was reduced by 85,5 percent..
The Asian country has been improving its customs procedures by reducing the number of certificates required for customs clearance from 86 in 2018 to 41 this year., most of which can be requested online.
Last year, China's customs also waived up to 15.000 billion yuan ($2.320 billion) of port construction fees and 960 million yuan of port fees in terms of cargo and security for port facilities, the AGA said.
To mitigate the impact of the COVID-19 pandemic on foreign trade, China has launched a series of policies, including those that simplify customs procedures and reduce business costs.
That is to say, Chinese customs exempted taxes worth 268.770 billion yuan from foreign trade companies in 2020.
The above data provides an overview of how some customs administrations are taking action and using new digital technologies to create a more efficient and modern customs environment, in line with global developments, while promoting connectivity, interoperability and collaboration between all trade stakeholders.
With information from Xinhua
Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.
