From January to June 2008 in Changzhou, Jiangsu Province, tariffs were reduced by 42.7 million U.S. dollars due to "origin". On July 9, the Changzhou Entry-Exit Inspection and Quarantine Bureau issued a Regional Certificate of Origin Asia Pacific Agreement for the export of a batch of chemical pigments to South Korea. In accordance with the tariff reduction policy provided by the Asia-Pacific Agreement, Korean customers can enjoy tariff reductions of nearly US$3,000, which effectively increases the competitiveness of Changzhou products in the Korean market. Statistics from the Changzhou Inspection and Quarantine Department showed that from January to June, the city issued a total of 27,080 GSP, general origin and regional preferential certificates, an increase of 32.9% year-on-year, with a visa amount of 1.253 billion U.S. dollars, an increase of 60.6%. The tariff reduction of enterprises is about 42.7 million US dollars. Yabang Group is the largest unsaturated resin manufacturer in China.
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