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    The Ministry Of Commerce Asks To Guard Against The Risk Of Foreign Exchange Earnings From Exports

    2009/1/8 11:51:00 25

    Export Risk Of MOFCOM

    The Ministry of Commerce recently issued a circular calling for further strengthening the work of risk prevention in export collection, paying great attention to the changes in the international banking market and actively guiding enterprises to adjust the way of foreign exchange collection.

    The Ministry of Commerce said that at present, the impact of the global financial crisis on the real economy has become increasingly prominent. Some foreign commercial banks have problems of insufficient liquidity, and the phenomenon of malicious debt avoidance or breach of contract by importers in some countries or regions has increased significantly, which has increased the risk of foreign exchange collection by Chinese enterprises.

    The Ministry of Commerce has suggested that the choice of means of export collection should always adhere to the principle of safety and convenience. In accordance with the changes in the international economic and financial situation, we must adjust the mode of export collection in a timely manner, speed up the remittance of funds, and ensure the safety of foreign exchange collection.

     

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