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02

2023

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02

China Customs: Around 196,000 tons of Preferential Tax Rate Quota for Australian Beef in 2023

Source:

GACC

On January 31, 2023, according to the Announcement on the Triggering Level Quantity of Two Kinds of Agricultural Products Imported from Australia in 2023 issued by the GACC, under the item of six codes of chilled and frozen bone-in and boneless beef, the import quantity applicable to the agreed tariff rate in the Free Trade Agreement between the Government of the People's Republic of China and the Government of Australia this year was 196,349 tons, an increase of 5,719 tons over 2022.

 

On January 31, 2023, according to the Announcement on the Triggering Level Quantity of Two Kinds of Agricultural Products Imported from Australia in 2023 issued by the GACC, under the item of six codes of chilled and frozen bone-in and boneless beef, the import quantity applicable to the agreed tariff rate in the Free Trade Agreement between the Government of the People's Republic of China and the Government of Australia this year was 196,349 tons, an increase of 5,719 tons over 2022.


That is to say, Australian beef imported within the above total amount will enjoy the preferential tariff rate specified in the FTA. The preferential import tariff which has been reduced to 1.2% in 2023 will be further reduced to zero tariff in 2024.

 

The total amount of beef imported from Australia in 2022 was around 180,000 tons, which did not trigger the level of the actual import level of 190,000 tons and enjoyed the preferential tariff rate of 2.4%. 

 

The China-Australia Free Trade Agreement was formally signed on June 17, 2015 and took effect in December of the same year. According to the agreement, the tariff of Australian beef imported to China will decrease by 1.2% year by year from 2015, and finally will be reduced to zero on January 1, 2024. At the same time, the preferential quota of beef imported to China will increase year by year from 2019, and finally increase to 248,729 tons on January 1, 2031.

 

It will no longer apply the preferential tax rate and restore the MFN tax rate to 12% once the import agreed quota is automatically triggered. Data in the previous year won't affect the application of preferential tax rate in this year.

 

Urgent registration renewal for Australian meat suppliers:

There are 56 Australian enterprises approved to export meat to China, of which 9 are still in the "suspension" status. The valid period of these 56 meat enterprises in China is all up to "July 31, 2023". Based on requirements from China's customs, overseas meat suppliers need to renew and extend their registration within 3 to 6 months before the expiration, which is from Jan 31st to Apr 30th

 

The cargo will be found stuck and failed to declare at ports once enterprises don’t extend their registration. It's a necessary prerequisite for plants taking time preparing multiple materials to fill in forms. If you have any trouble with the extension or need professional operation manual, please contact us by overseas@oigcn.com, we will bring you professional solutions.