According to the Municipal
Inspection and Quarantine Bureau, from January to August, the total aquatic
product export to ASEAN reached 26,800 tons worth $119 million. ASEAN market,
which surpassed Japan, USA, EU, has become the largest market of
aquatic product export of Ningbo.
However, many aquatic product export enterprises in Ningbo are not aware of making use of the
Sino-ASEAN Free Trade Zone policy. Statistics show that from January to August,
the amount of CO visa for Sino-ASEAN aquatic products export is only 12.8% of
the total export. The non-visa export exceeds $100 million. According to the
current tax rate of Sino-ASEAN Free Trade Zone Agreement, all the aquatic
products can enter ASEAN market without tax. Calculated by the average
preferential tax rate 5%, the import enterprises suffered $5million loss of
tariff reduction and exemption, which greatly affected the competitiveness of
the aquatic products export.
