TRADE AGREEMENTS
China does not grant tariff
preferences to Colombian
products. With China's entry into
the World Trade Organization
(WTO) in 2001, the opening of
China to the outside world has
been accompanied by a
continuous change in its customs
system and tariff dismantling.
tax reductions. The regulation changes for
The new Trade Law, in force
since July 1, 2004, opened the
possibility of operating in foreign
trade to natural persons, and not
only to companies.
EXPORT TARIFFS
According to the Ministry of
Commerce, the tariffs of the
People's Republic of China are
divided into two categories: the
general tariff and the
preferential tariff or the most
favored nation.
THE PREFERENTIAL RATE
It applies to imports originating in countries
which, like the United States, have recipro-
cal preferential treaties or agreements with
China. The general rate applies to other
countries. The five Special Economic Zones, Thinking about
open cities and foreign trade zones may
offer certain exemptions and preferential exporting or
each of them and for each sector in each
importing from
one of the places for which the specific re- China?
gulation should be consulted.
In China, both domestic and foreign com-
panies pay IVA or business tax, depending
on the nature of their activity and the type
of products involved. The IVAapplies to
companies related to import, export, pro-
duction, distribution or retail activities.
China offers a specific incentive program to
pay them taxes and concessions. The overall
IVA average is 17 percent and is paid for
most imported products. But some goods,
such as agricultural goods, are subject to 13
percent IVA.
Companies that are considered small enter-
prises by their level of sales (annual produc-
tion of less than 1 million yuan or total sales
for less than 1.8 million yuan) are taxed with
a VAT of 6 percent. Some limited categories Why choose China as a destina-
of goods are exempt from IVA. tion country?
What benefit does it bring from
China?

What is the importance that China
has taken for Latin America?
Its accelerated and sustainable
growth. China is growing rapidly
and has become a source and
destination for new business, and
a counterpart that needs to be
carefully analyzed by those men
and women who want to be
competitive now and in the
future. Understanding the growth
keys of this Asian giant is a
necessary and obligatory step for
those who want or need to
broaden their business horizons. In
the next 10 to 20 years China will
maintain its accelerated growth.
China is the world's largest
exporter and the world's second
largest importer. This country
has increased its imports of Latin
American products by more than
600%, investing around US $ 1
billion annually.
China has become the first or second
Main products exported to China
trading partner of several Latin
American countries. Oil is one of the
Automatic machines for processing
most requested products by the Chinese or processing of digital data.
in Latin America, but in addition to oil
there are other raw materials that are Parts and accessories of machines.
of special interest to the Chinese, Input or output (technological)
especially minerals and food. China's units, even if they include memory
interest in Latin American food is units.
related to the huge population it has to
feed and the still low productivity of its Receiver emitters.
national agriculture. This makes it Memory units.
much more profitable to buy Latin
American food at a good price than to Petroleum oils and oils obtained
from bituminous minerals, not
promote the transformation and elsewhere specified or included.
modernization of all its agricultural
production.
Latin American markets are
Main products imported from
increasingly interesting for exports of
China
Chinese manufactures. On the occasion
of President Hu Jintao's Latin American Motorcycles and cycles with
tour in 2004, in his speech during his auxiliary engine.
visit to Brazil, he announced that by
Phones (including cell phones).
2010, joint trade between the region
and China would reach 100,000 million Apparatus for reproducing or
dollars; In fact, the target had already recording image and sound.
been met by the end of 2008.
Tricycles, scooters, pedal cars.
Ceramic tiles.
Taps and similar articles for pipes.
Tires.