China Appends CBEC Positive List and Introduces Transitional Measures

Last week, China Ministry of Finance appended the CBEC positive list with a new batch of commodities permitted to be traded on CBEC platforms, which took effect from April 16, 2016. The list supplemented 151 types of commodities but no cosmetics categories were included. Although new commodities have been added to the positive list the number of product categories that can be sold through CBEC under the new scheme is still considerably less than before.

Any commodities that have been excluded from the two batches of positive lists which were delivered to the bonded area before April 8 can still be traded until sold out and are also exempt from administrative licensing and customs clearance sheet requirements according to a notice released by General Customs internally. Commodities in transit whose contracts were signed before April 8 can also be traded as usual. Other commodities excluded in the lists are prohibited to be exported to China.