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China became Nigeria's largest trading partner in 2020

China becomes Nigeria's largest trading partner in 2020 01 China becomes Nigeria's largest trading partner in 2020 According to data released by the National Bureau of Statistics (NBS) of Nigeria, Nigeria's total global trade volume in 2020 reached 32.42 trillion Naira. Nigeria's top 5 trading partners are China (6.36 trillion Naira), India (3.46 trillion Naira), the Netherlands (2.62 trillion Naira), the United States (2.18 trillion Naira), and Spain (1.63 trillion Naira). In bilateral trade between China and Nigeria, Nigeria's imports from China reached 5.72 trillion Naira, accounting for 90% of the total bilateral trade. Source: Lagos Voice 02 Kano Airport to reopen on April 5 According to a report by Nigeria's Daily Trust on March 16, 2021, Kano International Airport will reopen for international flights on April 5, 2021. Hadi Sirika, Nigeria's Minister of Aviation, said that Nigeria is reopening major international airports. He said that Port Harcourt and Enugu airports will reopen for international flights on April 15, 2021 and May 3, 2021 respectively. 03 Abuja hosts Science, Technology and Innovation Fair According to Nigeria's Daily Trust, Nigeria's Ministry of Science and Technology held a Science, Technology and Innovation Fair in Abuja on March 20, 2021. Minister of Science and Technology Ogbonnaya Onu said that the best way to alleviate poverty is to commercialize R&D products into products and services needed by the general public and create more wealth. The fair aims to promote the development of SMEs in Nigeria. 04 Nigeria's CPI rose by 17.33% in February 2021 The National Bureau of Statistics of Nigeria released the "February 2021 CPI Report", which shows that Nigeria's overall CPI rose by 17.33% in February, 0.86 percentage points higher than the previous month, setting a new record high. The CPI in urban areas rose by 17.92%, and in rural areas by 16.77%, both higher than the previous month. Excluding the volatility of agricultural product prices, the core CPI rose by 12.38% in February, up 0.53 percentage points from the previous month. Food prices rose by 21.79% in February, 1.22 percentage points higher than the previous month, mainly due to rising prices of bread and cereals, tubers, meat, vegetables, fruits, fish and cooking oil. 05 Nigeria's Finance Minister says Nigeria has exited recession According to Nigeria's Daily Trust on March 15, 2021, Nigeria's Finance Minister Zainab Ahmed said that Nigeria has exited recession. Nigeria's economic growth rate in the fourth quarter of 2020 was 0.11%. The previously predicted GDP growth rate for 2020 was -3.2%, while the actual growth rate was -1.92%. Nigeria's Finance Minister said that the government plans to increase spending and needs to increase borrowing. 06 Nigeria is committed to achieving tax digitalization According to a recent report on the website of the Federal Inland Revenue Service (FIRS) of Nigeria, the Nigerian federal government organized tax experts to hold the "First Annual National Tax Dialogue", themed "Taxation in the Era of Pandemic". Experts attending the meeting unanimously agreed that big data and information technology should be used throughout the tax collection process to strengthen tax collection, expand the tax base, and improve compliance. In his speech, Dr. Akinwumi Adesina, President of the African Development Bank, emphasized the impact of the COVID-19 pandemic on the African economy and the various interventions of the AfDB and governments. Due to the impact of falling oil prices and lockdowns on economic activity, Nigeria's economy shrank by 3% in 2020. With the reduction in oil revenue, debt is the biggest risk facing Nigeria. Nigeria needs to overcome the negative impact of the COVID-19 pandemic and make tax revenue the main source of government revenue. Tax digitalization is crucial to ensuring tax transparency, expanding the tax base, reducing compliance risks, and encouraging tax compliance. Ekiti State Governor Kayode Fayemi said that the FIRS achieved good results in the challenging 2020 fiscal year, achieving tax revenue of 4.9 trillion Naira, 98% of the target plan. Of this, oil tax accounted for 30.6%, far lower than the previous 50%. Fayemi stressed the need to use information technology in the tax sector to improve national tax compliance. Logan Wort, Executive Secretary of the African Tax Administration Forum, pointed out that information technology will play a crucial role in Nigeria's taxation in the post-pandemic era. Nigeria should focus on e-commerce and the digital economy, where large multinational corporations (such as Google, Netflix and Uber) earn huge tax-free profits. Nigeria should learn from Ghana's introduction of e-commerce tax, which is expected to increase Ghana's tax revenue by US$450 million. Minister of Communications and Digital Economy Isa Ali Pantami stressed that taxpayers should be treated as kings and provided with better tax services. More funding should be sought to build a data center for the FIRS. Source: Economic and Commercial Office of the Embassy of China in Nigeria

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03-25

China became Nigeria's largest trading partner in 2020

Good news! China's version of the "International Travel Health Certificate" is officially online! It looks like this →

On March 7, 2021, State Councilor Wang Yi announced the launch of China's version of the "International Travel Health Certificate" at a press conference for foreign ministers during the "Two Sessions," proposing a practical "Chinese solution" to promote global economic recovery and facilitate cross-border personnel exchanges. On March 8, the WeChat mini-program for China's "International Travel Health Certificate" was officially launched, and Chinese citizens are welcome to use it. What is China's "International Travel Health Certificate"? China's "International Travel Health Certificate" is a comprehensive certificate that displays the holder's nucleic acid test results, serum IgG antibody test results, and vaccination status, among others. The health certificate contains an encrypted QR code for relevant departments in various countries to verify and read personal information. In addition to electronic display, a paper version can also be printed. (Example of China's "International Travel Health Certificate" electronic version) <Note: Vaccination-related data is under construction> (Example of China's "International Travel Health Certificate" paper version) <Note: Vaccination-related data is under construction> How to obtain my International Travel Health Certificate? To obtain an International Travel Health Certificate, you can use the following two methods: (1) Open WeChat, scan the QR code officially provided to enter the mini-program, and select "View and Display International Travel Health Certificate" to proceed. (2) Search for "International Health Code" (防疫健康码国际版) in the WeChat mini-program to get the entrance, and select "View and Display International Travel Health Certificate" to proceed. Before the first login, you need to complete personal identity verification and travel document verification such as passport according to the program's prompts. (Interface of the "International Health Code" mini-program) What conveniences can China's "International Travel Health Certificate" bring me? In the era of normalized epidemic prevention and even post-epidemic, health factors will become more prominent in international personnel exchanges. In the near future, as more and more countries reach mutual recognition arrangements for health certificates with China, China's "International Travel Health Certificate" will play a greater role in promoting healthy, safe, and orderly cross-border personnel exchanges, providing solid guarantees for Chinese citizens to "travel the world." Content source: Consular Express

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03-25

Good news! China's version of the "International Travel Health Certificate" is officially online! It looks like this →

Munich to restart meetings and exhibitions from September 1

The German meetings industry has entered a "new normal" in the wake of the COVID-19 pandemic. Many parts of Germany have restarted the meetings industry under appropriate safety and hygiene measures and in compliance with state regulations. The events industry in Munich is recovering, with smaller events already possible as COVID restrictions ease; larger conventions and trade fairs will be permitted from September 1st. Munich, the capital of Bavaria, is optimistic about the second half of 2020 and eagerly anticipates numerous events, including those using innovative formats such as hybrid online/offline meetings. In 2021, Munich's events industry will see many highlights: From April 23rd to 26th, 2021, the World Youth Leaders Summit will be held at renowned Munich venues such as BMW Welt, the Olympic Park, and the Olympic Stadium; from September 7th to 12th, 2021, Munich will host the IAA International Motor Show at the Messe München exhibition center; Munich will also host four matches of the UEFA Euro 2020, welcoming a large number of international visitors.

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08-18

Munich to restart meetings and exhibitions from September 1

Foreign investors' confidence in the Chinese market continues to grow (Foreign media's view of China)

Since the beginning of this year, the global spread of the COVID-19 epidemic has dealt a heavy blow to the world economy. However, the Chinese economy has withstood the test of the epidemic, demonstrating strong resilience and development potential. China was the first major economy to bring the epidemic under control and comprehensively resume work and production, becoming the first major economy to achieve positive economic growth after the epidemic. Many foreign media outlets and institutions are optimistic about the prospects of the Chinese economy, believing that China will inject confidence and impetus into the world economic recovery. The website of Rossiyskaya Gazeta recently published an article titled "China's Economy Shows Development Potential to the World," stating that China's economic recovery directly benefits from the Chinese government's practical approach to effectively coordinating epidemic prevention and control with economic and social development, especially the implementation of the "Six Stability" and "Six Guarantees" work requirements, which has greatly enhanced China's ability to cope with pressures and challenges. On August 12, the Institute of International Finance (IIF), headquartered in Washington, D.C., released a report stating that China's economy is expected to achieve higher growth in the third and fourth quarters. The report points out that China's economy rebounded significantly in the second quarter thanks to effective epidemic control and policy support. The relevant monetary and fiscal stimulus measures launched by China continue to play a role, which will help further restore the Chinese economy and continue to support economic growth in the next two years. Hu Dong'an, a senior economist at the Oxford Economics Institute, a British think tank, believes that "China's (economic) recovery is generally on track." On August 16, the Japan Times, a highly influential English-language newspaper in Japan, published an article stating that China is expected to be the only major economy to achieve positive growth this year. The Japan Research Institute released a report on the outlook for the Chinese economy at the end of last month, pointing out that China's current economic recovery has exceeded expectations. The report states that China's rapid supply recovery has driven economic growth; the Chinese government has actively promoted the resumption of work and production, reduced the social security burden on enterprises, increased financial support for enterprises, and the employment situation has also shown an improving trend. The report believes that the Chinese economy will continue to recover. Foreign media continue to pay attention to the continued warming of China's major economic indicators. The Wall Street Journal reported that China's major economic indicators continued to improve in July, and the momentum of economic recovery continued. The National Bureau of Statistics of China recently stated that current market demand and corporate vitality are strengthening, and the intensity of macroeconomic policies is increasing, which will play an important role in the recovery of the economy in the second half of the year. Since the beginning of this year, China has adopted a series of active fiscal policies and prudent monetary policies, which have played a positive role in investment growth. Radio France Internationale reported that the world economy is currently severely impacted by the epidemic. In July, China's Purchasing Managers' Index (PMI) continued to rise, remaining above the critical point for five consecutive months, indicating that China's economic recovery is more stable than expected. The Nikkei reported that aluminum inventories at the Shanghai Futures Exchange, used in manufacturing for automobiles, building materials, and beverage cans, have decreased significantly. Some analysts believe that this trend is related to the demand from China's automobile industry and other sectors. Kenmi Masayuki, head of the financial markets department at Mizuho Bank, said: "This is proof of the recovery of China's automobile and other manufacturing industries." China continues to expand its opening up, actively promotes foreign economic and trade cooperation, effectively boosts global aggregate demand, and promotes the development of international trade. Data from the General Administration of Customs of China shows that in July, China's total import and export of goods increased by 6.5% year-on-year, continuing the positive trend of double-digit growth in both imports and exports in June. The Financial Times reported that China's exports saw significant growth in July, demonstrating the resilience of China's foreign trade. The Russian Free Media website published a commentary by Mikhail Morozov, an observer for Trud, pointing out that the rapid recovery of China's foreign trade benefits from the Chinese government's decisive adoption of a series of measures to stimulate imports and exports. China has improved the efficiency of commodity customs clearance, actively expanded imports, and supported the construction of pilot free trade zones, free trade ports, and bonded zones, demonstrating China's determination to continue expanding its opening up. Morozov said: "From all aspects, China will remain an important driving force for world economic growth." The Rossiyskaya Gazeta website published an article pointing out that the overall plan for the construction of Hainan Free Trade Port was announced this year, the 127th Canton Fair was successfully held, and the 2020 version of the negative list for foreign investment access was significantly reduced again... "These all show that China continues to move towards a higher level of opening up, and foreign investors' confidence in the Chinese market continues to grow." Deutsche Welle reported that for many years, China has been a major pillar supporting global growth. China's economy is becoming increasingly diversified and is expected to achieve positive growth this year, which will help alleviate the impact of the epidemic on the world economy. The Asahi Shimbun recently published an article by Fujiwara Kiichi, a Japanese international political scholar, stating that China has quickly emerged from the impact of the epidemic, and the world economy will recover under the impetus of the Chinese economy. In the post-epidemic era, the influence of the Chinese economy will further strengthen.

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08-18

Foreign investors' confidence in the Chinese market continues to grow (Foreign media's view of China)

Many foreign trade enterprises are optimistic about the potential of the domestic market, shifting from exports to domestic sales to promote "dual circulation".

受疫情影响，我国外贸发展面临巨大挑战，不少外贸企业在继续开拓国际市场的同时，普遍看好国内市场潜力，开始将适销对路的出口产品投入国内市场。从中央到地方，一系列帮助外贸企业拓展国内市场的政策陆续出台落地。企业出口转内销状况如何？还需要爬过哪些坎？记者采访了相关企业和专家。 　　手续—— 　　简化产品认证，加快市场准入 　　“如果没有内销市场，今年我们很难生存下来。”双马塑业有限公司总经理陈翠虹说，“我们打算开发更多适合国内市场的产品。” 　　作为一家深耕外贸市场10余年的厨房塑料用品生产企业，突如其来的新冠肺炎疫情让双马塑业经历了前所未有的危机。回想起来，陈翠虹仍心有余悸：“那段时间，我没有一天睡好觉，想着这可怎么办，这么多订单不能交货。等到复工复产，我们第一时间开足马力加班加点生产，可是后来许多海外订单被取消，做好的货堆在厂里出不去。” 　　国外市场不景气，回过头来却发现了新商机。疫情防控期间，大量国内消费者宅在家里研究美食，不少人网购蔬菜处理器、洋葱器、切丝器，原本不起眼的内销市场一下子亮眼了起来。抓住机遇，双马塑业立即调整经营策略，将营销重点放在了拓展内销市场上。 　　“我们是线上线下两手抓，现在看来效果好极了。”陈翠虹说，国外订单取消导致积压的货物在国内市场销售火爆，目前内销市场单月销售额已超过1000万元。 　　中国贸促会研究院国际贸易研究部主任赵萍认为，在国际需求萎缩的背景下，中国超大规模市场优势为外贸企业出口转内销提供了广阔空间，而更多优质出口产品转内销反过来也会丰富国内市场供给，进一步激发国内市场活力和有效需求。 　　不过，对于一些外贸企业而言，想要进入国内市场，首先要面临国内外市场质量标准认证不同的挑战。为了支持适销对路的出口产品转内销，国务院办公厅印发《关于支持出口产品转内销的实施意见》，明确提出要简化内销产品认证程序，加快转内销市场准入。 　　市场监管总局相关负责人表示，接下来将进一步优化认证程序，对已取得国际或国外认证的产品，在符合CCC认证要求的前提下，积极采信已有检测认证结果，避免重复评价，缩短认证办理时间。 　　赵萍表示，支持出口产品转内销，从短期看是帮扶外贸企业破解内销难题，促进外贸稳定发展的应急之举；从长期看，也是打通国内国际两个市场、两种资源，推动实现国内国际双循环相互促进，培育参与国际合作和竞争新优势的长久之道。 　　渠道—— 　　借助电商平台，促进供需对接 　　“10万把原定出口的尤克里里差不多卖完了。”京喜恩宝玩具拼购专营店负责人杜绍东很高兴，公司不仅把店铺开到了线上，还借助平台大数据，根据消费者偏好定制了一款儿童玩具车，产品上架半个月就售出了两万辆。 　　“之前没想过做内销。”杜绍东坦言，公司做了十几年玩具外销生意，有稳定的订单和销售渠道，外销流程简单，只需要找几家境外代理商就可以正常运营，公司只负责按订单生产即可。但做内销可不同，渠道、经营、售后，一切都得自己来，需要花很多精力和时间。 　　不了解市场需求，缺乏营销经验，品牌认知度不高，如何顺利开拓国内市场让不少外贸企业犯了难。 　　幸运的是，杜绍东有了救兵。今年，京东旗下的社交电商平台京喜推出了产业带厂直优品计划，助力外贸企业搭建高效的线上销售体系。 　　在平台团队一对一帮扶下，从品类选择、产品定价到店铺运营，杜绍东很快将店铺开了起来，经过两个月的摸索，目前已步入正轨，6月日均订单比4月增长了17倍。 　　京东大数据研究院首席数据官刘晖表示，电商平台具有大数据、供应链、营销等方面的优势，能够帮助外贸企业迅速洞悉市场需求，搭建转内销的通道。同时，直播带货、社群电商、C2M（用户直连制造）等新模式、新业态，加强了企业与消费者间的双向联系，让质量优良的出口商品可以快速打开国内市场，赢得消费者信赖。 　　为帮助外贸企业畅通销售渠道，各地结合实际出台政策，上海市提出鼓励电商平台提供零佣金、流量扶持、保证金减免等优惠政策，积极举办线下特卖展销活动等。各大电商平台也纷纷设立外销产品专区、专场，6月24日，苏宁拼购正式上线“助力出口企业转型”专区；7月2日，淘宝特价版正式上线外贸频道，为平台上30万外贸工厂开辟专属销售频道。 　　商务部消费促进司副司长李党会表示，下一步，商务部将举办全国性促消费活动，利用步行街、重点商圈等品牌集聚、渠道融合、市场人气等方面优势，拓宽适销对路的出口产品内销渠道；指导和支持地方搭建消费促进平台，帮助外贸企业进一步对接国内大型商贸流通企业、电商平台企业，促进供需对接。 　　成本—— 　　出台优惠政策，缓解资金压力 　　“得益于海关简化加工贸易进口料体产成品内销手续，我们迅速抓住了市场机遇，实现了出口转内销。”深圳市佰维存储科技股份有限公司负责人何瀚表示，今年上半年，公司加工贸易转内销货值达1.2亿元，同比增长1.4倍。 　　为支持加工贸易企业发展，推动加工贸易由单纯的“两头在外”向“两种资源、两个市场”转变，深圳海关近日专门出台了促进内销便利化的12项帮扶举措：简化外发加工、手（账）册核销等业务手续，简化多项内销业务单证资料，并提供归类等预裁定服务，极大提高了企业办理内销业务的整体效率。 　　目前，我国外贸形式主要有一般贸易和加工贸易两种。从事一般贸易的企业对国内市场相对熟悉，国内国际市场转换压力较小；对于加工贸易企业来说，转内销则比较困难。无论是来料加工还是进料加工，加工贸易企业很多时候是原料和成品“两头在外”，没有经营国内市场的基础和经验，转向国内市场举步维艰。 　　今年以来，财税、金融支持等多方面政策出台，为外贸企业出口转内销营造良好环境。4月15日，财政部联合多部门出台两项税收优惠政策，暂免征收加工贸易企业内销税款缓税利息，暂免至年底；扩大内销选择性征收关税试点。商务部外贸司司长李兴乾表示：“加工贸易企业将保税进口料件或制成品内销时，除按规定缴纳进口环节税收外，还需要缴纳缓税利息。暂免加工贸易内销缓税利息，可以降低内销成本，缓解企业的资金压力。” 　　海关总署表示，将进一步放宽内销征税时限，由每月申报调整为最长可按季度申报，而且允许符合条件的企业每个季度结束后15天内申报。海关总署企业管理和稽查司副司长林少滨表示，这将大大减少加工贸易企业办理内销手续的次数，极大地节约企业办理内销业务的成本，提高办事效率。

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08-18

Many foreign trade enterprises are optimistic about the potential of the domestic market, shifting from exports to domestic sales to promote "dual circulation".
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