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Latest | Notice from the Ministry of Commerce on Issuing Several Policy Measures Supporting Stable Foreign Trade Development


09-27

  People's Governments of all provinces, autonomous regions, municipalities directly under the Central Government, and cities separately planned, Xinjiang Production and Construction Corps, Ministry of Foreign Affairs, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Public Security, Ministry of Finance, Ministry of Human Resources and Social Security, Ministry of Transport, National Health Commission, State-owned Assets Supervision and Administration Commission, General Administration of Customs, State Taxation Administration, State Administration for Market Regulation, China Banking and Insurance Regulatory Commission, National Immigration Administration, National Railway Administration, Civil Aviation Administration of China, China Council for the Promotion of International Trade, China State Railway Group Co., Ltd., and China Export & Credit Insurance Corporation:

  Opening up is a fundamental state policy of China. Imports and exports strongly support steady growth and employment, and efforts must be made to stabilize foreign trade. With the approval of the State Council, the "Several Policy Measures to Support the Stable Development of Foreign Trade" is hereby issued to you. Please earnestly organize and implement it. Major foreign trade provinces should better play a leading role and come up with specific measures. Relevant departments should strengthen coordination and services.

Ministry of Commerce

September 27, 2022

Several Policy Measures to Support the Stable Development of Foreign Trade
  I. Ensuring Production and Fulfillment of Contracts, Supporting Advantageous Products in Exploring International Markets. Local governments should strengthen the guarantee of epidemic prevention, energy use, employment, and logistics for foreign trade enterprises. Provide full support when necessary to ensure the timely fulfillment and delivery of foreign trade orders. (Local people's governments, Ministry of Commerce, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Transport, Ministry of Human Resources and Social Security, National Health Commission, and General Administration of Customs shall be responsible according to their respective duties) Based on relevant international practices and China's actual market demand, study and optimize the underwriting conditions for medium- and long-term insurance, and increase the support of export credit insurance. (Ministry of Commerce, Ministry of Finance, China Banking and Insurance Regulatory Commission, and China Export & Credit Insurance Corporation shall be responsible according to their respective duties) Make comprehensive use of existing funding channels such as special funds for foreign trade and economic development to further support small and micro foreign trade enterprises in exploring international markets. Ensure that special funds for foreign trade and economic development are used in a timely manner. (Local people's governments, Ministry of Finance, and Ministry of Commerce shall be responsible according to their respective duties)
  II. Actively Supporting Enterprises in Participating in Various Exhibitions to Secure Orders. Local governments should actively utilize special funds for foreign trade and economic development and other relevant funds to support enterprises in participating in various overseas self-organized exhibitions held by local governments, other regions, or trade promotion institutions and exhibition companies. Encourage localities with conditions to expand the scale of overseas self-organized exhibitions. Local governments should strengthen guidance and support enterprises in improving the service level and work enthusiasm of personnel participating in overseas exhibitions on their behalf, and continuously improve the effectiveness of participation on their behalf. For foreign trade personnel who go abroad for exhibitions, business negotiations, and other business activities under the condition of normalized epidemic prevention and control, the foreign affairs and commerce authorities and immigration management agencies in various localities should further strengthen service guarantees. (Local people's governments, Ministry of Commerce, Ministry of Foreign Affairs, Ministry of Finance, National Immigration Administration, and China Council for the Promotion of International Trade shall be responsible according to their respective duties)
   III. Successfully Holding the 132nd China Import and Export Fair (Canton Fair) Online Exhibition. Expand the scope of participating enterprises. In addition to the 25,000 participating enterprises in the physical exhibition, support all enterprises that meet the participation qualification standards to voluntarily apply for participation. Extend the online exhibition time from 10 days to 5 months. Strengthen investment promotion and lead generation, comprehensively use various channels for publicity and recommendation, and further increase the number of registered buyers and visitors. Optimize platform functions, facilitate supply-demand matching, and improve transaction effectiveness. (Ministry of Commerce is responsible)
   IV. Giving Full Play to the Role of Foreign Trade Innovation Platforms. Establish a new batch of pilot programs for market procurement trade methods, demonstration zones for promoting innovation in import trade, and comprehensive pilot zones for cross-border e-commerce. (Ministry of Commerce takes the lead, and relevant departments are responsible according to their respective duties) Add a new batch of regions that can conduct used car export business. (Ministry of Commerce, Ministry of Public Security, and General Administration of Customs shall be responsible according to their respective duties) For provinces (regions, municipalities) with outstanding performance in stabilizing foreign trade in 2022 and making significant contributions to national foreign trade growth, appropriate consideration will be given in the subsequent establishment of pilot programs for foreign trade innovation platforms and the allocation of additional booths at the China Import and Export Fair (Canton Fair). (Ministry of Commerce takes the lead)
   V. Further Giving Full Play to the Role of Cross-border E-commerce in Stabilizing Foreign Trade. Issue further policy measures to support the development of overseas warehouses for cross-border e-commerce. Study the launch of the second phase of the Guiding Fund for the Innovative Development of Service Trade this year to further leverage social capital, and make comprehensive use of existing funding channels such as special funds for foreign trade and economic development to jointly support the development of new foreign trade formats such as cross-border e-commerce and overseas warehouses. Under the premise of compliance with laws and regulations and controllable risks, further strengthen the support of export credit insurance for the construction and operation of overseas warehouses. Optimize customs registration procedures, strengthen the organization of China-Europe freight trains, and support the transportation of goods exported from overseas warehouses. (Ministry of Commerce takes the lead, National Development and Reform Commission, Ministry of Finance, General Administration of Customs, China Banking and Insurance Regulatory Commission, China State Railway Group Co., Ltd., and China Export & Credit Insurance Corporation shall be responsible according to their respective duties) Accelerate the issuance of tax policies to facilitate the return and exchange of goods for cross-border e-commerce exports. (Ministry of Finance takes the lead, Ministry of Commerce, General Administration of Customs, and State Taxation Administration shall be responsible according to their respective duties)
   VI. Further Promoting Trade Smoothness. Improve the efficiency of port collection and distribution and domestic transportation to ensure the rapid transfer and transportation of import and export goods. Ensure the stability of industrial chains and supply chains. Continuously clear unreasonable charges at ports, and strengthen supervision of charging entities at seaports, including in-port and out-port yards. (Local people's governments, National Development and Reform Commission, Ministry of Transport, Ministry of Commerce, State-owned Assets Supervision and Administration Commission, General Administration of Customs, State Administration for Market Regulation, National Railway Administration, and Civil Aviation Administration of China shall be responsible according to their respective duties) Issue a reference for standard operating procedures for import cargo at ports, promote good experiences and practices in improving the quality and efficiency of ports, promote mutual learning and exchange among various ports and localities, and urge cargo owners and their agents to quickly remove goods, reducing customs clearance costs. All ports should ensure smooth export channels. (Local people's governments, Ministry of Commerce, Ministry of Transport, General Administration of Customs, National Railway Administration, Civil Aviation Administration of China, and China State Railway Group Co., Ltd. shall be responsible according to their respective duties) Strengthen customs clearance facilitation services for foreign trade enterprises, further improve cargo clearance efficiency, and achieve rapid import and export of arriving goods. (Ministry of Commerce and General Administration of Customs shall be responsible according to their respective duties) Under the premise of ensuring epidemic prevention and control safety, make every effort to improve the capacity and efficiency of land transportation between Shenzhen and Hong Kong, and maximize the satisfaction of enterprises' land transportation needs. (People's Government of Guangdong Province and Shenzhen Municipal People's Government take the lead, Ministry of Transport, Ministry of Commerce, and General Administration of Customs shall be responsible according to their respective duties)
Source: Ministry of Commerce Website

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