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NEWS
China and Australia Sign Free Trade Agreement
Jun 19, 2015
After 10 years of negotiation China and Australia signed a Free Trade Agreement (FTA) on June 17th 2015. This marks yet another milestone in China’s foreign trade policy and yet another high-level FTA signed by China with another major economic force in the Asia Pacific region. The FTA will cover over 10 industry sectors including goods, services and investments with the overall aim of achieving a fair and mutually equitable FTA.
Chinese Mainland
Australia
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NEWS
China and Korea Sign Free Trade Agreement
Jun 04, 2015
On June 1 2015, China and Korea officially signed the Free Trade Agreement (FTA). Over 90% of products previously subject to the full import tariffs of these two countries will now become tariff free after a transition period.
Chinese Mainland
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NEWS
China to Reduce Import Tariff Levied on Skin Care Products to 2%
May 26, 2015
The Customs Tariff Commission of China’s State council announced that it is to reduce the import tariffs levied on mass consumer products including skin care products as of June 1st 2015 with an average decrease in tariffs of over 50%.
Chinese Mainland
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NEWS
China-Korean Free Trade Agreement Expected to Be Signed This May
May 14, 2015
After lengthy negotiations China and Korean are expected to sign Free Trade Agreement (FTA) this May. Hopefully, the FTA will be implemented before the end of this year. Within 20 years of its implementation, China will eliminate 91% import tariffs levied on Korean products while Korea will eliminate 92% of import tariffs on Chinese products.
Chinese Mainland
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NEWS
China to Adjust Import Tariff and Cosmetic Consumption Tax
May 05, 2015
The State Council of China recently announced that it will carry out a pilot project before the end of June to reduce the import tariff levied on some overseas consumer goods (the scope will be extended in the future). Another major change planned by China’s government proposes amendment to China’s consumption tax policy for mass consumer products, such as clothing, cosmetics, etc.
Chinese Mainland
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NEWS
Korea Implements Amendments to Three Major Cosmetic Regulations
Jan 13, 2015
Korea’s Ministry of Food and Drug Safety (MFDS) recently implemented a series of amendments to three major regulations, namely “Requirements for Exemption from Quality Inspection of Imported cosmetics”, “Standards for Manufacture and Quality Control of Excellent Cosmetics” and “Enforcement Rules of the Cosmetic Act”. All manufacturers and importers in Korea are required to comply with these new amendments.
South Korea
Pre-market Approval
Post-market Surveillance
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NEWS
Chinese Customs Strengthens Supervision of Cross Border E-commerce Trade
Aug 05, 2014
Announcement NO. 56 2014, issued by General Administration of Customs on July 23 2014, came into force on August 1st 2014. This announcement states that e-commerce enterprises or individuals that undertake cross-border trade through e-commerce platforms approved by the Customs and connected to the Customs should be subject to supervision and control by Customs in accordance with the provisions.
Chinese Mainland
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NEWS
China to Slash Cosmetics Sales Tax
Jul 01, 2014
China’s Ministry of Finance (MOF) is considering a revision of China’s cosmetic tax classification. Under the proposed revision cosmetics will be divided into general cosmetics and luxury cosmetics. The reform is expected to be implemented in the second half of 2014.
Chinese Mainland
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NEWS
India to Ban Animal Testing on Imported Cosmetics
May 09, 2014
The Indian Ministry of Health and Family Welfare has introduced a draft notification to ban the import of cosmetics tested on animals abroad. After implementation of this new legislation India will become Asia’s first cruelty-free country.
India
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Animal Testing
NEWS
CIQs Continue to Review Labels of Cosmetic Products
Sep 10, 2013
The issuance of Decree No 638 by the state council on July 27th has caused considerable confusion as to whether or not imported cosmetic products are still subject to label review by CIQs. Decree No 638 effectively abolished the article 34 of Decree No.477, which stated that “before import and export of food and cosmetics, CIQs will review the label and issue a certificate for label review”.
Chinese Mainland
Labeling/Claim/Advertising
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