Street trading in China can be colourful, in a country which wants to be open for business.
As of January 2019, China will accept ATA carnets for commercial samples and professional equipment, alongside their long standing acceptance for trade fairs, or exhibitions.
This comes at a time when UK exports to China have hit record levels, £22.3 billion last year. They are our sixth largest export destination and whilst there is still a trade deficit, opportunities to narrow the gap are increasing.
The widening of carnet use will help, a business tool which has been proven to support entry into a country’s market. Facilitating ease of access and reducing cost, along with unwanted delay, or admin.
Application Of Categories
With China now open to all carnet categories, the reality is that almost all items can be found a suitable designation. Only the normal exclusions apply, such as goods to be sold, or perishable items.
As a significant part of China’s economy, current rules on goods arriving for processing, assembly, or repair will still be applied, even when the changes are quite subtle.
As with any new system, local nuances can also persist for a while, although the Chinese authorities have proven to be efficient in managing this type of change. As long as items are carnet suitable, there should be few issues.
Looking To The Future
Partly as this fits with other Chinese customs legislation, the carnet duration of six months will still apply, rather than the more common twelve months.
There are however signs of movement and as part of the recent announcement, senior officials made clear that renewal will normally be available. The key is to apply correctly and before the existing carnet expires.
We are happy to advise on this situation, as with any needs on ATA carnets for China. A country where conforming to requirements is helpful, along with one where business opportunities exist on a substantial scale.