International Legal Vision | Chinese Enterprises Russian Import and Export Trade Compliance Manual
Published:
2024-09-18
This paper discusses the legal issues that Chinese enterprises need to pay attention to when conducting international trade with Russian enterprises from the aspects of market access, tariff barriers, product certification, import quota and import license management, commodity inspection and quarantine, electronic and information supervision, payment security and sanction risks, contract performance and dispute resolution.
With the deepening of globalization, Chinese enterprises are playing an increasingly important role in Russia's import and export trade. However, this area is fraught with complexity and uncertainty. This paper will discuss the legal issues that Chinese enterprises need to pay attention to when conducting international trade with Russian enterprises from the aspects of market access, tariff barriers, product certification, import quota and import license management, commodity inspection and quarantine, electronic and information supervision, payment security and sanction risks, contract performance and dispute resolution.
1. market access
Russia has strict laws and regulations on market access for foreign investment, involving a number of industry regulations and policies, such as restrictions on the proportion of foreign investment or special examination and approval systems in energy, finance, communications and other fields. Before entering the Russian market, Chinese enterprises need to understand and abide by relevant laws and regulations in detail, conduct adequate market research and risk assessment, and avoid being hindered by not understanding the market access conditions.
2. tariff barriers
Russia has a series of specific regulations on tariff barriers for imported goods, which are aimed at protecting domestic industries, regulating the balance of import and export trade, and promoting economic ties with specific countries or regions.
Classification of (I) tariffs
How the (II) tariff is calculated
(III) tariff policies for specific goods
3. product certification
(I) product certification system
(II) certification process
4. Import Quota and Import License Administration
5. commodity inspection and quarantine
Russian Customs conducts strict inspection and quarantine on imported goods to ensure that the goods meet domestic standards for quality, safety, and environmental protection. Inspection and quarantine may include the appearance, specifications, performance, packaging and other aspects of the goods, as well as the necessary laboratory testing and certification, especially for food, drugs, cosmetics and other goods directly related to the health of consumers, customs inspection and quarantine requirements are more stringent.
6. electronic and information supervision
7. Payment Method Recommendations
For Chinese enterprises to carry out import and export trade with Russia, choosing appropriate payment and stable settlement methods is the key to ensure the smooth progress of the transaction. Since September 1, 2024, Russia has allowed the use of digital currencies for cross-border settlement and exchange transactions within the framework of the Experimental Legal Regime (EPR). Digital currency payments have the advantages of convenience and low cost, but there are also risks such as market volatility and regulatory uncertainty. Enterprises need to make decisions according to their own actual situation and risk tolerance. With regard to traditional payment and settlement methods, the following are recommended:
8. Economic Sanctions and Export Control Compliance
9. Contract Performance and Dispute Resolution
Summary
To sum up, Chinese enterprises should pay attention to various legal issues when conducting international trade with Russian enterprises, fully understand and abide by relevant laws and regulations, establish a sound compliance management system, pay close attention to the international situation and policy changes, and adjust their business strategies in a timely manner to deal with potential legal risks and challenges.
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