Gongbei Customs and Macao Customs have deepened their cooperation in simplifying customs procedures for shipments under the Economic Cooperation Framework Agreement. Starting from March 16, when clearing customs in Hengqin, importers of shipments via Macao under the ECFA only need to submit a transshipment declaration form issued by the Macao Special Administration Region.
Approved by the General Administration of Customs of the People’s Republic of China, the policy is an innovative management measure on the source area. When the policy went into implementation yesterday, the first shipments were successfully cleared by the customs.
It is estimated that the time spent on freight via Macao to Hengqin will be shortened by a half to two days, thus lowering the cost of freight for enterprises. The policy benefits 161 enterprises that rely on imports from the Gongbei Customs District and will encourage more shipments to be imported to Hengqin.