New Zealand and China Ease Customs Procedures
April 20, 2016 New Zealand Finance
Exporters in China and New Zealand will see eased customs requirements in the near future.
New Zealand will be the first country to have a Joint Electronic Verification (JEV) with China for imports and exports, according to information in a press release issued by Customs Minister Nicky Wagner on April 19th.
The JEV will be an electronic data system accessible by Customs in China in New Zealand containing information regarding imports and exports between the two countries.
Currently, goods exported between China and New Zealand may qualify for tariff reductions not available on goods coming from other countries.
However, in order to enjoy the reduced tariffs, the exporter must provide a Certificate of Origin to show that the goods do originally come from either China or New Zealand.
The JEV will allow customs departments in either country to obtain electronic access to the Certificates of Origin, greatly streamlining the process and reducing the chance of costly delays and hold ups.
Photo By: Andrew