China signed memorandums of understanding on e-commerce with Samoa and Vanuatu, China’s Ministry of Commerce said Oct. 21, according to an unofficial translation. China will establish an “e-commerce cooperation mechanism” with Samoa to “promote the trade of quality products … create a good cooperation environment for the development of e-commerce in the two countries, and further expand new channels for bilateral economic and trade cooperation.” China said it plans to work with Vanuatu to “strengthen policy communication and coordination in the field of e-commerce, and cooperate in corporate exchanges, personnel training, sharing best practices and innovative experiences.”
Cambodia recently adopted laws to regulate its e-commerce sector to align its e-commerce trading with “international best practices,” according to an Oct. 18 report from the Hong Kong Trade Development Council The regulations introduced “enhanced conditions” for regional and international trade and improved security for all electronic transactions, the report said. It also includes procedures to settle online trading disputes, the HKTDC said, and aims to help small to medium-sized businesses “connect with global supply chains.”
A recently upgraded China-Singapore free trade agreement represents China's attempt to diversify its trading relationships as the U.S.-China trade war continues, according to an Oct. 21 post from Dezan Shira & Associates. The upgraded agreement, which took effect Oct. 16, expands cooperation on rules of origin, customs procedures, trade remedies and more, the post said. “China is actively diversifying its economic relationships with new and old partners and strengthening cooperation with Belt and Road countries, including Singapore,” the law firm said. The agreement will lead to “improved trade and investment ties” between the two countries, according to the post.
South Korea and Indonesia finished negotiations for the Korea-Indonesia Economic Partnership Agreement, which is expected to increase “cross border flows of goods,” South Korea said in an Oct. 18 press release. Although South Korea did not release specific details, it said the agreement aims to achieve a “mutually beneficial economic partnership” by expanding existing trade. The agreement is expected to be finalized during an upcoming meeting between the two countries’ presidents.
Singapore Customs’ TradeNet will undergo system maintenance from 4 a.m. to noon on Nov. 3, Singapore said in an Oct. 18 notice. Singapore asked users to avoid submitting applications during the maintenance period.
China’s Guangdong province plans to prioritize imports of a “wide range of equipment, components and technological processes” that are “essential” to its key commercial sectors, the Hong Kong Trade Development Council said in an Oct. 18 report. The priority imports include 575 components, 103 equipment goods and 519 advanced technological processes, the report said. The components include “high-speed high precision robotic arms" and sewage treatment systems. The equipment goods include “precision forging, multistage forging and vehicle part casting systems," "new-energy vehicle components production facilities” and other specialized electronic equipment. The advanced technological processes include agricultural technologies for “improving the sugar content, yield and pest-resistance of sugar cane” and certain pharmaceutical manufacturing equipment technology, the HKTDC said.
Singapore signed a free trade deal with the Eurasian Economic Union that will reduce tariffs and non-tariff barriers while increasing customs cooperation, “respect for intellectual property rights and e-commerce protocols,” according to an Oct. 17 report from the Hong Kong Trade Development Council. The agreement will eliminate or reduce duties on 90 percent of Singapore’s exports to the EAEU -- which includes Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia -- and will increase to 97 percent “over a 10-year period,” the report said. Duties will be reduced on “mineral fuels, oils and their distillates, prepared foodstuffs, machinery and mechanical equipment, chemicals, pharmaceuticals, and precision instruments,” the HKTDC said. The deal will also eliminate tariffs on nearly all exports from EAEU to Singapore, the report said. The two sides also agreed to improved customs procedures, including “24 hours customs clearances, with priority items approved within four hours,” the report said.
China and Mauritius signed a trade deal that will eliminate or reduce tariffs on a range of products and increase “economic cooperation,” China’s Ministry of Commerce said in an Oct. 17 press release, according to an unofficial translation. The deal will eliminate certain tariffs, reduce others below 15 percent and will include agreements on rules of origin, trade remedies, technical barriers to trade and "sanitary and phytosanitary issues," China said. The agreement will also expand Chinese exports of steel, tariffs and other “light industrial products” while allowing more sugar imports from Mauritius.
China will impose “stringent new requirements” on export licenses for automobiles and motorcycles in 2020, according to an Oct. 14 report from the Hong Kong Trade Development Council. Manufacturers will be required to provide China with a list of “appointed overseas after-sales repair centres, details of the services provided and general details of their overseas after-sales repair service networks and overseas workshops,” the HKTDC said. Manufacturers of “all-terrain vehicles” will need to submit certain “quality management certificates” and copies of “any relevant international certification relating to the importing jurisdiction,” the report said. The documents will be verified by China’s commerce ministry, which may ban certain manufacturers from exporting autos/motorcycles if they submit false or misleading information, the HKTDC said.
China and Singapore will soon implement a system to electronically transmit preferential certificates of origin and certificates of non-manipulation when the two countries trade, according to an Oct. 15 notice from Singapore Customs. The system, which will take effect Nov. 1, will no longer require companies to send hard copies of the certificates overseas, saving “cost and time,” Singapore said. The notice contains details on how to apply for and send the electronic certificates as well as how importers can claim preferential treatment on Chinese imports.