Recently, the Information Office of the State Council held a routine briefing on policies to introduce the “Several Policies and Measures on Promoting the Stable Growth of Foreign Trade” (hereinafter referred to as “Measures”), which was reviewed and adopted by the the State Council executive meeting a few days ago, and to respond to hot issues of social concern.
Since the beginning of this year, the overall development of China’s foreign trade has maintained a good development momentum of quality improvement and stable quantity. In the past 10 months, the total value of China’s foreign trade import and export reached 36 trillion yuan, an increase of 5.2% compared with the same period of last year, and the share of China’s exports in the global market remained basically stable.
According to the Ministry of Commerce, the promulgation of the Measures aims at implementing the spirit of the Third Plenary Session of the 20th CPC Central Committee, coping with changes in the international trade situation, and promoting the resolution of practical difficulties faced by foreign trade enterprises. The nine measures specifically involve the following three aspects:
The first is to increase financial support. Expand the scale and coverage of export credit insurance. Increase the underwriting support for enterprises that specialize in new “little giants” and “invisible champions”. Strengthen credit supply in foreign trade and increase financing support for small and medium-sized micro-foreign trade enterprises. Optimize cross-border trade settlement. Encourage financial institutions to help enterprises improve the management level of exchange rate risk.
The second is to cultivate new kinetic energy of foreign trade. Actively promote the development of cross-border e-commerce. Promote the construction of overseas smart logistics platforms. Explore the construction of a cross-border e-commerce service platform to provide overseas legal and tax resources docking services for enterprises. Expand the export of special agricultural products and other commodities. Guide and help enterprises to actively respond to unreasonable foreign trade restrictions and promote the innovative development of green trade and bonded maintenance.
The third is to strengthen the service guarantee of foreign trade enterprises. Attract and facilitate the cross-border exchanges of business people, and steadily promote the signing of visa-free agreements with more countries. Support foreign trade enterprises and shipping enterprises to strengthen strategic cooperation. We will increase support for foreign trade enterprises to reduce their burdens and stabilize their posts, and implement policies such as unemployment insurance, stable post return, business guarantee loans and interest subsidies.
Source: china economic herald.
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