With the arrival of February 2024, a series of new rules that have far-reaching effects on foreign trade have officially entered into force. These new rules not only involve chemical import and export management, industrial structural adjustments, geographical indication product protection, but also include the mutual visa exemption agreement with Singapore, anti-dumping investigations, facilitating measures for foreigners to come to China and the update of the foreign trade and stability tax policy guidelines.

Optimization of regulation of low-concentrated triethylamine mixtures

From February 1st, for the low content of triethylamine mixtures (such as non-medical disinfectants, synthetic washing powder, cosmetics, ink and other consumer products), there will be no need to monitor chemical import and export approval procedures, which will greatly simplify the trade process of related products and improve trade efficiency.

Industrial Structure Adjustment Guidelines Catalogue (2024 Code)

The catalogue, which came into force on February 1, covers 1005 items in the categories of encouragement, restriction and elimination, which will guide the optimization and upgrading of the industrial structure and promote high-quality development.

Measures for Protection of Geographical Indications Products

The new measures, which will be implemented from February 1, will strengthen the protection of geographical indication products, ensure product quality and specific reputation, and have an important significance for enhancing the international image of Chinese geographical indication products.

Visa Waiver for China and Singapore

From February 9, the mutual visa waiver agreement between China and Singapore will enter into force, allowing the two sides to enter visa-free for people holding ordinary passports, which will further promote exchanges and economic and cultural exchanges between the two countries.

Antidumping investigation

The anti-dumping investigation into imported brandy originating in the EU reflects China’s positive attitude toward trade protection and aims to safeguard fair competition among domestic industries.

Measures to facilitate the arrival of foreigners

The measures implemented from January 11 will further facilitate foreign personnel to come to China for business, study, tourism, etc., helping to increase Chinas openness and attract international talents and resources.

Guidelines for the Tax Policy for Stable Foreign Investment in Foreign Trade

The updated tax policy guidelines will provide clearer policy support for stabilizing foreign trade and attracting foreign investment, helping to increase China’s attractiveness as a global trading partner.

Updated Food Import Policy

The import and approval of wild and cultivated water products in Brunei, Belgian pepper, Russian pork, etc., reflect Chinas further opening up of the market while ensuring food safety.

Update of Customs Regulations

The provisions of the procedures for administrative reconsideration of customs proceedings and the abolition of some rules are aimed at optimizing customs administrative management and improving administrative efficiency and transparency.