While domestic epidemic prevention and control continue to improve, the rapid spread of overseas epidemics has further deepened the impact on China's dangerous goods sea exports. Previously, we summarized the situation of "country lockdown" and "city lockdown" in various regions. Today, the editor will mainly take you to look at the import restrictions and control of Chinese goods.
The total number of countries (regions) globally implementing import restrictions/control measures on Chinese goods due to epidemic prevention and control measures has reached 26, including 18 in Asia, 1 in North America, 4 in Europe, and 3 in Africa. According to statistical information, the total number of countries (regions) overseas that have implemented relevant control measures for epidemic prevention and medical supplies such as masks has reached 30, including 19 in Asia, 8 in Europe, and 3 in Africa.
From the perspective of regional distribution, the high concentration of control measures in Asia (mainly developing countries) continues, while the relevant control measures in European countries continue to increase in this period. Below is the market dynamics of several major countries.
1. United States
The Office of the US Trade Representative has further waived import tariffs on medical products, reducing the cost pressure on related imported products. With the spread of the epidemic in the United States, in early March, after consultation with the U.S. Department of Health and Human Services (HHS), USTR made a total of about 200 elimination measures, involving products such as masks, disposable Medical glove, sterilized wet paper towels, sample collection containers, etc. On March 25th local time, the Office of the United States Trade Representative announced a new batch of products under the $300 billion tariff increase A list for China, involving a total of 12 excluded products, including medical ice bags, plastic bags, and other products. The products included in this exclusion list are exempt from the 7.5% tariff increase for one year from the implementation date of the tariff increase.
2. Europe
The EU restricts entry of non EU personnel for "non essential travel" for a period of 30 days. On March 17, 2020, leaders of EU member states held a video summit on the prevention and control of COVID-19, and decided to take temporary entry restrictions to restrict "unnecessary travel" of people outside the EU to EU countries for 30 days.
The UK has started implementing stricter control measures. After the implementation of the new regulations, the police will have the right to disperse crowds or impose fines. The new regulations will be implemented for three weeks, and if the epidemic is brought under control, regulations will be relaxed.
Russia announced a national holiday from March 28th to April 5th, with only necessary livelihood institutions open for business. President Putin delivered a nationally televised speech, announcing that the referendum on the Constitutional amendment, originally scheduled for April 22, would be postponed. At the same time, in order to curb the spread of COVID-19, the whole country was closed from March 28 to April 5, and only pharmacies and other necessary livelihood organizations were open for business.
The EU has issued strong policies to help alleviate the shortage of medical protection materials, temporarily prohibiting or restricting the export of some medical materials. On March 15th, the European Union announced that in order to ensure the supply of protective medical materials within the EU, the export of such materials must be authorized by relevant countries. Personal protective medical equipment includes masks, activity masks, and protective helmets. France abolished tariffs on imported alcohol disinfection gel and masks. The Echo reported on the 22nd that it would no longer levy taxes on imported alcohol disinfection gel and masks.
The Eurasian Economic Union has also decided to exempt or reduce import tariffs on some medical supplies used to prevent and combat the spread of the epidemic, and to ban the export of personal protective materials.
3. India
After a recent meeting between the central government of India and various state governments, it was decided to blockade 75 administrative regions severely affected by the epidemic, including the capital city of New Delhi. All passenger trains, subways and trans state traffic are prohibited from running, construction activities in the city are suspended, Place of worship are closed, and all commercial facilities and factories in the city are closed until March 31 local time. In addition to the announced 75 administrative regions, the Indian government also authorizes states to expand their list of closed areas based on their risk assessments. According to the report of the The Times of India, 82 regions in India have been blocked at present, including: Andhra Pradesh (Andhra Pradesh), Telangana (Thailand), Punjab (Punjab), Uttarakhand (Uttarakhand, also known as Uttar Pradesh), Jharkhand (Jharkhand), Jammu and Kashmir (Jammu and Kashmir), Chandigarh (Chandigarh) and other regions.
During special periods, the flow of goods in international trade may not only face the risk of demurrage, which may result in various additional port fees, but also be vigilant against the risks that may threaten the recovery of goods and payment caused by intentional use of human factors during the epidemic. For example, according to public information, Indian law allows importers to not pay and not pick up the goods. So foreign trade enterprises should be cautious about having bad Indian customers use this as an excuse to refuse payment or even abandon the goods.
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