8 Measures Of Ministry Of Commerce To Encourage Import Expansion And Promote Trade Balance

China

In recent years, China has actively expanded imports and provided huge markets for the countries all over the world. China has become the second largest importer in the world.

At present, the total tariff level of China's imports has dropped to 9.8%, far below the average tariff level of 46.6% of developing countries. The import quota management commodities have been basically abolished, and the automatic import license management of about more than 800 items of commodities has been abolished in batches. Measures have been constantly introduced to simplify import procedures and further increase trade facilitation.

Chong Quan said that 8 measures will be adopted in the following three aspects: optimizing import structure, facilitating import convenience and improving the promotion system, encouraging import expansion and promoting trade balance.

(1) actively importing resources, advanced technology and key equipment in accordance with the requirements of industrial policies;

(2) properly handle trade frictions and disputes, and encourage greater autonomy to import trade surplus countries;

(3) further optimize import tariff structure and guide enterprises to expand imports;

(4) continue to improve the level of trade facilitation.

Simplify and relax import management, reduce import costs and costs;

(5) constantly improve the import public information service system, improve policy pparency, and create a favorable trade environment;

(6) organizing exhibitions, fairs and promotion meetings of various import commodities to promote Sino foreign economic and trade cooperation and exchanges.

(7) actively studying the use of various financial and tax means to support the expansion of imports, including the provision of import financing facilities for enterprises and so on;

(8) continue to organize various forms of investment and trade promotion groups and actively go abroad to promote investment and trade activities.

Although the expansion of import strategy and policy has been clear, but in the view of relevant experts, the biggest obstacle for China to encourage imports is administrative barriers.

"The different import fields are divided into different ministries and committees, which has increased the cost of coordination. The blind expansion of imports or the impact on the industry is the two major issues that China needs to pay attention to in the process of expanding imports."

In fact, the integration of departmental power to achieve cooperation between ministries and commissions has attracted the attention of policy makers. The State Council has previously set up an international trade negotiation representative and an international trade negotiation representative office.

But many relevant experts say that the key to the effective implementation of the expansion of the import strategy is to establish a unified agency and to give the agency sufficient Coordination Authority.

Chong Quan also pointed out that the size of China's domestic market is expected to reach US $2 trillion this year. A long-term and huge domestic demand market will bring more opportunities to other countries to expand their exports to China.