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Three departments deal with cross-border e-commerce legislation on e-commerce: meeting diverse consumption needs – Finance News



Xinhua, Beijing, December 7, Ministry of Commerce, National Development and Reform Commission, Ministry of Finance, and six other ministries and commissions recently issued a joint announcement to clarify regulatory measures for cross-border e-commerce retail imports over a transitional period. Focus on the background of the announcement, impact on industry and future developments, Deputy Trade Minister Li Chenggang, Feng Jinping Customs Directorate, and Wang Wei, Director of Wang Wei, General Department of Port State Control, held a briefing on the Seven Introduced on.

Continue to stabilization policy: Promote growth in retail imports of cross-border e-commerce

With a view to stimulating import potential and accelerating the development of new types of new business such as cross-border e-commerce, China has since May 2016 a transitional period of "temporary personal property supervision" for cross-border retail imports of e-commerce, effectively supporting the stable development of the sector. However, there are also problems, such as the unclear powers and responsibilities of the parties.

Among the announced jointly issued six units, it is essential to cancel a "temporary press" that clearly provides for supervision of the personal use of the imported goods and does not carry out the first import, registration or filing requirements.

Li Chenggang said the principle of "personal property regulation" is clear, which embodies the continuity of a stable cross-border retail e-commerce oversight policy. Generally, it is in line with the characteristics of industry and helps cross-border e-commerce businesses to plan and organize over a longer period of time. Retail imports of cross-border e-commerce have grown.

The notification further clarified the responsibility of all parties involved in cross-border retail e-commerce transactions and asked for enhanced post-event surveillance. Li Chenggang believes that it better protects the legitimate rights and interests of consumers and ensures consumer safety.

The notification also reflects the context of the "e-commerce law", in particular in the field of e-commerce platform responsibility, consumer rights protection, etc. That also provides the basis for the notification.

Feng Jinping said that it is an important measure to expand and open up more potential to stimulate consumption. It will help promote the healthy development of new cross-border e-commerce formats, encourage domestic businesses to compete internationally and increase competitiveness, and will also help increase the import of high-quality consumer goods abroad. To better meet people's needs for a better life.

Meet Multiple Consumption: Set Import List in time

In line with the decision-making arrangements of the Central Committee of the Party and the State Council on 1 January 2019, China regulated a cross-border tax policy on retail e-commerce imports, increased trading restrictions on the use of preferential tax policies, and expanded the list of commodity lists.

Feng Jinping said tax policy adjustments include: adjusting an annual trade limit of 20,000 yuan per person per year to 26,000 yuan. In the future, population incomes will increase, the camera will increase, the limit of one transaction will be 2000 per person per time. Yuan was adjusted to 5,000 yuan, and it was clear that cross-border retail sales of e-commerce that had already been purchased could not enter the domestic resale market.

With a view to adjusting the list of goods, 63 items of tax items, such as sparkling wine, malt beer and fitness equipment, were added. By adjusting rates and tax items, the first two batches of the list were technically adjusted and updated and the revised list had a total of 1321 tax items.

When choosing these commodities, Feng Jinping said that he has been selecting some commodities with relatively strong consumer demand in recent years, and considering regulatory burdens he should consider considerations that meet regulatory requirements in post-transition regulatory measures.

He said cross-border e-commerce has the character of rapid development, a diversified commodity, and a quick update. The Ministry of Finance will work with relevant departments to fully consider the development of cross-border e-commerce, consumer demand and regulatory conditions. The list of imported goods will be adjusted in time.

Development perspectives: supporting measures to ensure healthy development

As a result of a lasting and stable policy, cross-border e-commerce imports have developed rapidly in recent years. According to customs statistics, China's cross-border e-commerce retail sales of 56.6 billion yuan in China in 2017, a year-on-year increase of 75.5%. From January to October 2018, cross-border e-commerce sales totaled 67.2 billion yuan, a year-on-year increase of 53.7%.

In response to the adjustment of regulatory policies in the field of cross-border e-commerce, customs research and development in 2016 and the release of "No. 26"Notification"has clarified cross-border e-commerce border surveillance measures.

Wang Wei said that, in line with the latest regulatory measures, the Customs Administration has revised and improved the "Notice 26", which will be published in the near future. The e-commerce system has been modernized and refined according to the needs to ensure the healthy and sustainable development of cross-border e-commerce.

Li Chenggang said that cross-border e-commerce is a new format and new model and its surveillance is constantly improving. What adjustments should be made to future policies and research and discussion should be done according to the development of practice. Meanwhile, industry and consumers may have relatively long-term stability expectations.

"In the long term, whether it be export or import, cross-border e-commerce will have better prospects for development." Li Chenggang said.

(Article source: Xinhua News Agency)

(Original name: Further expansion and opening to meet diverse consumption needs – three departments deal with cross-border e-commerce issues focusing on import surveillance)

(Editor: DF392)

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