What does GACC mean in UNCLASSIFIED
GACC stands for General Administration of China Customs. It is the government agency responsible for customs administration in the People's Republic of China. The GACC is responsible for enforcing customs laws and regulations, collecting customs duties, and inspecting and releasing goods imported and exported from China.
GACC meaning in Unclassified in Miscellaneous
GACC mostly used in an acronym Unclassified in Category Miscellaneous that means General Administration of China Customs
Shorthand: GACC,
Full Form: General Administration of China Customs
For more information of "General Administration of China Customs", see the section below.
Functions of the GACC
- Customs Inspection: The GACC inspects goods entering and leaving China to ensure compliance with customs regulations and to prevent the smuggling of prohibited or restricted items.
- Customs Duty Collection: The GACC collects customs duties on imported goods based on the value and classification of the goods.
- Cargo Clearance: The GACC releases goods after inspection and payment of any applicable customs duties.
- Trade Facilitation: The GACC provides trade facilitation measures to streamline customs procedures and reduce trade barriers.
- Enforcement of Regulations: The GACC enforces customs laws and regulations, including those related to import licenses, export controls, and intellectual property protection.
Significance of the GACC
- The GACC plays a crucial role in protecting China's borders, ensuring the safety of imported goods, and collecting revenue for the government.
- Its trade facilitation measures contribute to the smooth flow of goods in and out of China, supporting economic growth and global trade.
- The GACC's enforcement of regulations helps protect domestic industries from unfair competition and ensures compliance with international trade obligations.
Essential Questions and Answers on General Administration of China Customs in "MISCELLANEOUS»UNFILED"
What is GACC?
The General Administration of China Customs (GACC) is the national customs authority of the People's Republic of China. It is responsible for implementing China's customs laws and regulations, as well as facilitating trade and commerce.
What are the functions of GACC?
GACC's primary functions include:
- Collecting customs duties and taxes
- Inspecting and controlling imports and exports
- Combating smuggling and other customs offenses
- Managing customs clearance procedures
- Providing trade facilitation services
How does GACC regulate imports into China?
GACC regulates imports into China through a variety of measures, including:
- Requiring importers to obtain import licenses for certain goods
- Inspecting imports for compliance with Chinese regulations
- Levying import duties and taxes
- Enforcing intellectual property rights
How does GACC promote trade facilitation?
GACC promotes trade facilitation through various initiatives, such as:
- Streamlining customs clearance procedures
- Implementing electronic customs systems
- Establishing free trade zones
- Participating in international trade agreements
What is the role of GACC in China's Belt and Road Initiative?
GACC plays a key role in China's Belt and Road Initiative by facilitating trade and investment along the Belt and Road routes. It does this by:
- Establishing customs cooperation mechanisms with Belt and Road countries
- Providing trade facilitation services to businesses operating in Belt and Road countries
- Enforcing customs regulations to ensure the smooth flow of goods
Final Words: The General Administration of China Customs (GACC) is the central customs authority in China, responsible for administering customs laws and regulations, facilitating trade, and protecting the country's borders. Its functions and significance make it an essential player in China's economic development and international trade.
GACC also stands for: |
|
| All stands for GACC |