It can have long-term and systematic impact on all members’ engagement in WTO review. To ensure the trade policy review mechanism to get on well, the WTO will assess them un-periodically to adjust and perfect the relevant rules. According to the WTO rules, all members’ trade policy and doings shall accept regular review. The WTO Trade Policy Review is one of the three major functions of the WTO along with multilateral negotiations and dispute settlement. III.The 6th WTO Trade Policy Review of China We believe that the third round of tax reduction will bring more substantial benefits to the enterprises and consumers of the two countries, and will promote the healthy development of bilateral economic relation. The implementation of China-Australia has gained good effects over this year. In terms of import, the tax of part of products imported from Australia like beef and mutton, seafood, dairy products, nuts, fruits and wine will be further reduced.
JANUARY 5 2017 NEWS FREE
In terms of export, after the third tax reduction, the proportion of free tax items in Australia would reach 98.5%, China’s exported superior products including textile and clothing, auto parts, part of steel and steel products and household appliances will enjoy more favorable tax. Since January 1, 2017, China-Australia FTA has conducted the third tax reduction, after which the Chinese enterprises and consumers would enjoy more tax preference. About the Third Tax Reduction of China-Australia FTA Next, the Ministry of Commerce will coordinate with the Ministry of Environmental Protection to do the work of supervision and inspection, so as to push local governments to cancel limit measures of the migration of second-hand cars and ensure the policies to activate the market of second-hand cars are really implemented. It is also of active function to the activating of second-hand cars’ market and to the more convenient consumption of the people. 13 and cancel limit measures of the migration of second-hand cars. It is of great significance for the local governments to understand the spirit of Document NO. The Notice issued by the Ministry of Environmental Protection and the Ministry of Commerce is a specific measure to implement the requirements of the government work report and Document NO.
13 also required that a free circulation market of second-hand cars should be created, the local governments should not formulate and implement policies to limit the migration of second-hand cars, and the implemented measures should be cancelled. The government work report of 2016 pointed out clearly the activating of the market of second-hand cars. The major areas of atmospheric contamination prevention and control determined by the government and the motor vehicles that should be obsoleted according to the requirement of the government (yellow-labeled cars) are excluded. It is regulated that as long as the regular inspection of environmental protection and safety inspection of the motor vehicles are valid, and the motor vehicles meet the emission standards of the environmental protection inspection of the place moved in, the local governments should not set any other limit measures. On December 29 2016, the General Office of the Ministry of Environmental Protection and the General Office of the Ministry of Commerce jointly issued The Notice on Strengthening the Supervision Work of Environmental Protection Standard of Second-Hand Cars, requiring the local governments to strictly implement the regulations of The Opinions of the General Office of the State Council on Promoting Convenient Transaction of the Second- Hand Cars(Document of the General Office of the State Council NO. About The Notice on Strengthening the Supervision Work of Environmental Protection Standard of Second-Hand Car Jointly Issued by the General Office of the Ministry of Environmental Protection and the General Office of the Ministry of Commerce Spokesman Sun Jiwen answered the hot and sensitive questions to the high concern of both domestic and overseas media. On January 5, the Ministry of Commerce held the regular press conference.
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