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Our Council Issued Jiangsu''s First Preference Certificate of Origin Under China-Costa Rica Free Trade Agreement

  China-Costa Rica Free Trade Agreement (FTA) entered into force on August 1, 2011. At the request of Jiangsu Cereals, Oils & Foodstuffs I/E Group Corp, our council issued a preference certificate of origin under China-Costa Rica FTA. It was the first of its kind in Jiangsu.

  China-Costa Rica FTA negotiation was launched in January 2009. After intensive negotiations for more than a year, the two parties signed the agreement in April 2010. The negotiation and signing of China-Costa Rica FTA showed the determination of China and Costa Rica in strengthening cooperation and joining efforts for mutual benefits and win-win outcome. The implementation of the agreement will deepen bilateral cooperation in goods trade as well as cooperation in services and investment, and further enhance the development of bilateral relations.

  Canned mushroom (HS code: 20031000) of JCOF totally valued more than $90,000. According to the relevant provisions of China-Costa Rica Free Trade Agreement. The importer in Costa Rica could enjoy zero tariff with this preference Certificate of Origin. This could save more than $9000 customs duty , and help to strengthen the future cooperation between both sides.

  Our council will coordinate with CCPIT to improve the publicity and service of certificate of origin through diversified channels, to benefit the companies and improve their competitiveness in international market, and give full play to the CCPIT's role as a bridge in the field of international trade.