The Ministry of Commerce held a regular press conference. Shu Jueting, spokesperson for the Ministry of Commerce, said that on the whole, China’s exports face both challenges and opportunities this year. From the challenge point of view, exports are facing greater external demand pressure. The WTO expects the volume of global trade in goods to grow by 1.7% this year, significantly lower than the average of 2.6% over the past 12 years. Inflation remains high in major advanced economies, continued interest rate hikes have dampened investment and consumer demand, and imports have been falling year-on-year for several months. Affected by this, South Korea, India, Vietnam, China’s Taiwan region in recent months have seen a significant decline in exports, exports to the United States and Europe and other markets depressed. In terms of opportunities, China’s export market is more diversified, more diversified products, and more diversified business forms. In particular, the vast number of foreign trade entities are pioneering and innovating, actively responding to changes in international demand, striving to cultivate new competitive advantages, and showing strong resilience.
At present, the Ministry of Commerce is working with all localities and relevant departments to fully implement the policies and measures to promote the steady scale and excellent structure of foreign trade, focusing on the following four aspects:
First, strengthen trade promotion. We will increase support for foreign trade enterprises to participate in various overseas exhibitions, and continue to promote smooth exchanges between enterprises and business personnel. We will ensure the success of key exhibitions such as the 134th Canton Fair and the 6th Import Expo.
Second, we will improve the business environment. We will increase financing, credit insurance and other financial support for foreign trade enterprises, further improve the level of customs clearance facilitation, and remove bottlenecks.
Third, promote innovative development. Actively develop the “cross-border e-commerce + industrial belt” model to drive cross-border e-commerce B2B exports.
Fourth, make good use of free trade agreements. We will promote the high-level implementation of RCEP and other free trade agreements, improve the level of public services, organize trade promotion activities for free trade partners, and increase the overall utilization rate of free trade agreements.
In addition, the Ministry of Commerce will continue to track and understand the difficulties and challenges faced by foreign trade enterprises and industries and their demands and suggestions, continue to help enterprises reduce costs and increase efficiency, and promote stable development.
Post time: Jun-16-2023