In today’s globalization, trade relations between countries are becoming increasingly close. However, with the adjustment of national economic policies, the introduction of new foreign trade regulations is also continuously affecting the global trade pattern. This article will detail the relevant content of the new global foreign trade regulations in July 2023, and how these new regulations affect China’s trade relations with the world.

Chinas new foreign trade rules

China and Costa Rica Customs AEO

As of July 1, 2023, China and Costa Rica will officially implement AEO mutual recognition, which will provide customs facilities for goods imported from each others AEO enterprises.

1.2 Customs enforcement of revised origin standards under the Hong Kong CEPA

From July 1, 2023, the Customs will implement the revised origin standards under the Hong Kong CEPA, which will further facilitate economic and trade exchanges between the mainland and Hong Kong.

Further regulation of tax warehouses and export supervision warehouses management

From July 1, 2023, the customs will further regulate the management of customs warehouses, export supervision warehouses, which will make new provisions on the layout requirements of customs warehouses, export supervision warehouses, the establishment of requirements, and the declaration of goods to the customs when entering and leaving the warehouses.

New rules of global foreign trade

Turkey Increases Passage Fee to Black Sea Strait

From July 1, 2023, Turkey will increase the cost of passing through the Bosphorus Strait and the Dadanil Strait by more than 8%.

India Implementation of Quality Control Orders for Shoe Products

From July 1, 2023, India will implement the quality control order for footwear products.When the quality control order officially comes into force, the relevant footwear products must comply with the Indian standards, and the certification mark after certification by the Indian Standards Bureau, otherwise it must not be manufactured, sold, traded, imported or stored.

Canada Implement Revised Import Requirements for Wood Packaging Materials

As of July 6, 2023, Canada will implement revised requirements for the import of wood packaging materials.The directive sets out requirements for the import of all wood packaging materials for wood mattresses, trays or boxes imported to Canada from countries (regions) outside the United States.

2.4 Djibouti provides mandatory ETCN certificate requirements for all imported and exported goods

As of June 15, 2023, all goods discharged in Djibouti ports, regardless of the final destination, must hold an ETCN (Electronic Tracking Card) certificate.

Pakistan lifts import restrictions

According to a notice published on its website on June 24, the country’s directives on restricting imports of basic products such as food, energy, industrial and agricultural products were immediately revoked.

These are the main elements of the new rules for global foreign trade in July 2023. These new rules not only affect countries’ trade policies, but also have a profound impact on the global trade pattern. In the context of globalization, countries need to constantly adjust their trade policies to adapt to changes in global trade. At the same time, countries also need to strengthen cooperation to jointly tackle the challenges of global trade and win-win.