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 » Vietnam-ASEM import-export revenue could reach US$107 bn
 Updated: 7 / 16 / 2010
Import-export revenue between Vietnam and members of the Asia-Europe Meeting (ASEM) hit US$22 billion in the first quarter, a year on year increase of 9.2 percent.

According to the Vietnam Customs, total imports-exports earnings between Vietnam and ASEM could hit US$107 billion if the country could maintain the import and export growth of 28 percent in the 2005-2008 period.

However, the figure may stay at US$99 billion if the export growth rate can only stand at 18 percent.

Last year, Vietnam had 11 export partners and 9 import partners with revenue of US$1 billion each.

Markets with more than US$1 billion revenue accounted for 80 percent of the total export value and nearly 90 percent of the total import value.

More than 80 percent of the country’s exports to ASEM were to China, Thailand, Singapore, Japan, Malaysia, the Republic of Korea, Indonesia, Germany and India.

With a total import revenue of US$6.29 billion, Japan was the country’s largest import partner, followed by China with US$4.9 billion and Singapore with US$2.08 billion.

China, the Republic of Korea and Japan were the largest exporters, taking  nearly 60 percent of Vietnam’s total import value from the bloc.

The country imported mainly machinery, parts, gas and petroleum, computers, electronic parts, materials for the footwear industry, automobile parts for manufactures, chemicals and plastics. They all accounted for nearly 70 percent of Vietnam’s total import value from around the globe.

More than 70 percent of Vietnam’s total export earnings came from crude oil, garments and textiles, seafood, footwear, computers, electronic parts, machines, rice, coal, coffee and wood

Vovnews - 12/05/2010 10:00:00 CH
 » Worldwide Customs and Regulatory Updates
 Updated: 7 / 15 / 2010

New Customs regulations No. 33 relating to shipments of samples and advertising articles in and out of China



The General Administration of China Customs has released a new regulation No. 33 that took effect on July 1, 2010. The objective is to further monitor import and export of samples and advertising articles to China.
 

Changes in new regulation on import and export of samples and advertising materials:

  • Limit on value for exemption of duties and taxes: The previous exemption of customs duties, VAT and taxes (“Taxes”) for samples and advertising materials not exceeding RMB400 in value is abolished so such shipments will be charged the appropriate Taxes, based on the commodity HS Code.

    Exemption of Taxes now applies to shipments fulfilling these criteria:
    1) The import and export taxes are lower than RMB 50; and/or
    2) It is declared as samples and advertising materials with no business value, such as mutilated clothing or a single shoe with a hole in the sole. This is subject to verification by Customs.
     

Therefore, shipments of samples and advertising materials not exceeding
RMB400 in value may be subject to Taxes.
 

  • Importer or exporter registration code requirement: The new regulation requires an importer or exporter registration code (a 10-digit code) to be reported in the customs declaration of all consignments. The exceptions are documents and personal effects.
     

To minimize the effects of this new regulation on your shipping, FedEx recommends oversea shippers to provide accurate and detailed descriptions of the goods being shipped.

 » Personal Baggage Shipments to South Africa for the 2010 World Cup
 Updated: 7 / 2 / 2010

The 2010 World Cup in South Africa takes place from June 11 – July 11. FedEx Express through its Global Service Participant in South Africa, Supaswift, expects to receive personal baggage shipments for World Cup participants. Customers should ensure that the correct documentation are accompanied with their personal baggage shipments to avoid any clearance delays.
 

According to South African customs regulation, shipments with a declared value less than 500 ZAR (68 USD) are considered as low value shipments and they are duty free and can be released without formal clearance.
 

FedEx is allowed to follow the low value clearance process to handle personal baggage shipments for World Cup participants.
 

However, South African customs will randomly select shipments for inspection.  Upon inspection customs will determine if the items are used personal effects or new items being imported into the country. In the event that a shipment is randomly stopped, customs may request the following documentation for clearance:
 

  • A copy of the passport showing picture and personal details of the shipper
  • Air waybill with the contact name and phone number
  • Copy of trip itinerary
  • Commercial invoice with all data elements completed including a clear description in English of the contents e.g. used personal clothing

 » FUEL SURCHARGE JUL 2010
 Updated: 7 / 16 / 2010

Please refer monthly update for fuel surcharge on Jul 2010: 14.5 %

 » U.S. Import Declaration of Plants and Plant Products – Enforcement of Phase IV of the Lacey Act
 Updated: 7 / 2 / 2010

The Animal and Plant Health Inspection Service (APHIS), U.S. Dept. of Agriculture, implemented Phase IV of the “Lacey Act plant declaration” on April 1, 2010.  Commodities added in Phase IV include umbrellas, walking sticks, riding crops, pianos and stringed musical instruments, seats with wood frames, toys, games, sporting equipment, sculptures, and miscellaneous articles of wood.
 

Importers should work with their foreign suppliers to ensure that APHIS Form PPQ-505, Plant and Plant Product Declaration Form, is included with the documentation for any shipment containing these commodities. Shipments that require declaration and for which any or all of the data is missing may not be released until the declaration is submitted.
 

At present, APHIS is enforcing the declaration requirement for formal entries (i.e. most commercial shipments). APHIS is not enforcing the requirement for informal entries or personal imports. APHIS will issue a Federal Register notice before initiating any new enforcement guidelines.
 

Scientific names, including the genus and species, are required as part of the declaration. The APHIS site listed below includes links to several sites that may be helpful in identifying this information.
 

The required declaration can be mailed in hard copy form to APHIS, with a copy attached to the CBP entry. It may also be submitted electronically at the time the entry data is transmitted to CBP.
 

For more information on the Lacey Act and a complete list of commodities covered, please visit the following sources:
 

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