Ministry Of Commerce Intends To Introduce New Measures To "Stabilize Exports"

Chen Deming, Minister of Commerce, said at the National Conference on business affairs 5 2011.

For the target of foreign trade in 2012, relevant people told reporters that the Ministry of Commerce may still target the growth rate of imports and exports at 10%, but this is the minimum goal. Considering the internal and external factors, it is expected that this year's foreign trade growth will remain about 20%.

In the first 11 months of 2011, China's foreign trade import and export amounted to US $3 trillion and 309 billion 620 million, an increase of 23.6% over the same period last year.

Chen Deming said that the total import and export volume is expected to reach US $3 trillion and 600 billion, an increase of more than 20%.

However, for 2012 of the foreign trade situation, analysts believe that the situation is quite grim.

Zhang Yansheng, a researcher at the Institute of Foreign Economic Research of the NDRC, believes that the risk of difficulties is great when the cost continues to rise and the external demand continues to deteriorate.

Huo Jianguo, President of the Research Institute of the Ministry of Commerce, told reporters that, from the current international and domestic economic situation, in 2012 and even for a longer period of time, the economic slowdown in the developed countries and the pressure of emerging markets will make the international trade environment facing China still unoptimistic. With the endogenous contradictions of economic development, the rising cost of elements and the fluctuation of RMB, the pressure of foreign trade enterprises will increase. In 2012, the import and export is expected to maintain an increase of about 22%.

In order to maintain steady growth in exports, Chen Deming pointed out that in 2012, we must maintain the stability and continuity of foreign trade policies, and study new measures to consolidate and expand international market share.

The export tax rebate policy is basically stable, the tax rebate mechanism is improved and the tax rebate progress is accelerated.

Stable processing trade policy.

We will simplify the management of foreign exchange verification.

Broaden the financing channels for foreign trade enterprises and improve the financial services for SMEs.

While maintaining a relatively fast growth in foreign trade, in 2012, the Ministry of Commerce will focus more on optimizing the structure of foreign trade.

"Steady growth, promoting balance and adjusting structure" is still the guiding principle for foreign trade this year.