Export Opportunities for U.S. Businesses
KEY TRADE INDICATORS
U.S. is 4th Largest
Provider of Goods
ECONOMIC AND BUSINESS ENVIRONMENT
China continues to make steady progress on the world stage as an emerging market in which to do business. The World Bank recently ranked China 96th (out of 189) in its Ease of Doing Business Report. Although doing business in China can be laborious, like all business decision, you must carefully research for a long-term strategy. For many companies, representation in China by Chinese agent, distributor, or partner that can provide local knowledge and contacts will be critical for success. Intellectual Property rights holders should understand how to protect their IP under Chinese law before entering the China market, and should conduct thorough due diligence on potential partners or buyers before entering into any transaction.
TOP INDUSTRY EXPORT OPPORTUNITIES
Safety and Security
As one of the world’s fastest growing economies, the market for safety and security equipment in China reached $7.24 billion in 2013. As China undertakes numerous large-scale projects nationwide including airports, sports stadiums, and metro systems there is a growing needs for installation of extensive security systems. Before selling into China, U.S. exporters need to be aware of China certification requirements as well as potential U.S. export controls.
China is the world’s second largest and one of the world’s fastest growing civil aviation markets. As the number of airports and aircrafts increase, they will require new infrastructure, aircraft engines and parts, pilots, controllers, communication/navigation/surveillance systems and other equipment presents significant business opportunities for U.S. exporters.
Clean and Coal Technology
China is the world’s largest energy consumer and the leading emitter of greenhouse gases. In 2013, coal accounted for 65% of China’s overall energy consumption, and the most coal-dependent country among top energy consumers. Minimizing these emissions is both a short and long term goal. The bestselling opportunities in the clean coal technology sector pipeline fabricators for CO2 transportation, information technology companies, materials suppliers, and engineering contractors for CO2 utilization, storage monitoring service suppliers and Emergency Response services suppliers for CO2 storage, coal gasification technology exports/licensing.
TRADE REGULATIONS & CUSTOMS INFORMATION
There are many tariff regulations. A comprehensive guide and information to the tariff schedule and national customs rules and regulations can be found here.
China Customs assesses and collects tariffs. Import tariff rates are divided into six categories: general rates, most-favored-nation (MFN) rates, agreement rates, preferential rates, tariff rate quota rates, and provisional rates. As a member of the WTO, imports from the United States are assessed at the MFN rate.
On top of normal tariff duties, both foreign and domestic enterprises are required to pay value-added taxes (VAT) and business taxes.
The U.S. imposes export controls to protect national security interests and promote foreign policy objectives. The U.S. Export Administration Regulations (EAR) controls certain exports, reexports, or in-country transfers of purely commercial items and dual-use items. U.S. exporters should consult the EAR for information on how export license requirements may apply to the sale of their goods to China.
Download China's Country Commercial Guide for more Customs and Trade Regulation Information
IMPORTANT COUNTRY GOVERNMENT ENTITIES
LOCAL U.S. SUPPORT CONTACT
> The China Business Information Center (CBIC) U.S. Department of Commerce (Tel: 800-USA-TRADE)
Download the complete Country Commercial Guide
Source: U.S. Commercial Service