The official website of the Ministry of Commerce issued a notice on the issuance of several policy measures to promote the stable growth of foreign trade issued by the Ministry of Commerce on the 19th at 5 PM on the 21st.
Reproduced measures are as follows:
Some policy measures to promote the steady growth of foreign trade
1. Expand the scale and coverage of export credit insurance. Support enterprises to explore diversified markets, encourage relevant insurance companies to increase underwriting support for specialized “little giants”, “hidden champions” and other enterprises, and expand the export credit insurance industry chain underwriting.
2. Increase financing support for foreign trade enterprises. The Export-Import Bank of China should strengthen credit delivery in the field of foreign trade to better meet the financing needs of different types of foreign trade enterprises. Banking institutions are encouraged to continue to optimize financial services for foreign trade enterprises in terms of credit granting, lending and repayment, on the premise of carefully doing a good job of verifying the authenticity of trade background and effectively controlling risks. Financial institutions are encouraged to increase financing support for small, medium-sized and micro foreign trade enterprises in accordance with the principles of marketization and rule of law.
3. Improve cross-border trade settlement. We will guide banking institutions to optimize their overseas layout and improve their service guarantee ability for enterprises to explore the international market. We will strengthen macro policy coordination and keep the RMB exchange rate basically stable at an appropriate and balanced level. Financial institutions are encouraged to provide foreign trade enterprises with more exchange rate risk management products to help enterprises improve exchange rate risk management.
4. Promote the development of cross-border e-commerce. We will continue to promote the construction of overseas smart logistics platforms. We will support qualified localities in exploring the construction of cross-border e-commerce service platforms, and provide enterprises with overseas legal and tax resources and other docking services.
5. Expand the export of specialty agricultural products and other commodities. We will expand the export of agricultural products with advantages and characteristics, increase promotion and support, and foster high-quality development entities. Guide and help enterprises to actively respond to unreasonable foreign trade restrictions, and create a good external environment for exports.
6. Support the import of key equipment, energy and resources. With reference to the new Catalogue for the Guidance of Industrial Restructuring, the Catalogue of Technologies and Products to be Encouraged to Import was revised and published. We will improve import policies for recycled copper and aluminum raw materials and expand imports of renewable resources.
7. Promote innovative development of green trade, border trade and bonded maintenance. We will strengthen the connection between third-party carbon service agencies and foreign trade enterprises. We will actively develop border trade, and promote the processing of imported goods in border exchanges. Research and introduction of a new batch of comprehensive free trade zone maintenance product catalog, the second batch of free trade zone “two outside” bonded maintenance product catalog, new support for a number of comprehensive free trade zone and free trade zone “two outside” bonded maintenance pilot projects, the comprehensive free trade zone “two outside” bonded remanufacturing pilot projects landing.
8. Attracting and facilitating cross-border business exchanges. We will improve the exhibition public service platform for trade promotion institutions and the digital platform for service enterprises, and strengthen exhibition information services and external publicity and promotion. We will steadily promote the negotiation and signing of visa-free agreements with more countries, expand the scope of countries to which the unilateral visa-free policy applies in an orderly manner, expand the areas for the implementation of the transit visa-free policy, extend the period of stay allowed, review and issue port visas for important temporary emergency business delegations to China in accordance with regulations, and support business people from key trading partners in coming to China.
9. Enhance the ability of foreign trade maritime security and strengthen employment services for foreign trade enterprises. We will support foreign trade enterprises and shipping enterprises in strengthening strategic cooperation. We will increase support for foreign trade enterprises to reduce the burden and stabilize their jobs, implement policies such as unemployment insurance to return stable jobs, guaranteed loans for start-ups and discount interest rates in accordance with regulations, and vigorously promote the “direct compensation and quick handling” mode to reduce business operating costs. Key foreign trade enterprises will be included in the scope of enterprise employment services, and the guidance service of human resources and social security professionals will be strengthened.
Post time: Nov-25-2024