CIIE: Customs Regulations on Import Exhibits
摘要
The first China International Import Expo (“CIIE”) unveiled in Shanghai on 5 November. The CIIE is the world’s first import expo held at the national level and also an important decision made by China to pursue a new round of high-level opening-up.It demonstrates China’s major initiative to still widen market access to the rest of the world at a historical turning point for the country to transform from “selling globally” to “buying globally”. China will stimulate its potential for increased imports, unleashing more new opportunities for domestic and foreign enterprises. As an international platform for opening-up and cooperation, this annual event will also become the first stop for products imported to China.Temporary Admission is the primary method adopted by the customs authorities for the regulation of import exhibits into China. Bonded exhibition and trading is an innovative customs clearance policy for import exhibits in recent years.In order to support the first CIIE, the Ministry of Finance and the GACC have made breakthroughs on certain part of import policy.
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