The Full Text Of The State Council Published Several Opinions On Promoting Steady Growth Of Foreign Trade.

The 18 day of the State Council announced the "promotion".

Several opinions on steady growth have put forward 16 concrete aspects in doing well in export tax rebate and financial services, improving trade facilitation level, improving trade environment, optimizing trade structure and strengthening organization and leadership.

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Related sources told reporters that after the "opinions" came out, the relevant departments will introduce more detailed measures in terms of export rebates, finance, export credit insurance and so on.

To ensure the realization of foreign trade objectives, measures to promote foreign trade will enter a period of intensive implementation in the coming months.

Expediting export rebates and reducing financing costs

The opinions first put forward that export rebates and financial services should be well done.

We should further accelerate the progress of export tax rebates, ensure accurate and timely tax rebates, expand the scale of trade financing, improve financial services for imports and exports, and guide financial institutions to increase exchange rate hedging products.

We should broaden the financing channels for export enterprises, and support commercial banks to increase loans for export enterprises with orders, effective and in line with prudent credit conditions in accordance with the principle of "controllable risks and business continuity", reduce the cost of trade financing, thoroughly implement the requirements of non-standard management of financial institutions in banking institutions, strictly prohibit additional unreasonable conditions when issuing loans by banking financial institutions, strictly prohibit illegal collection of service charges, and strive to provide financing convenience for small and micro enterprises.

The opinion also pointed out that we should increase the support for export credit insurance and seriously implement the special arrangements for export financing insurance of large complete sets of equipment.

We should expand the scale of export credit insurance and increase the coverage of export credit insurance.

We should develop credit insurance for small and micro enterprises and support small and medium enterprises to develop international markets.

In improving the facilitation measures, the opinion points out that we should further improve the supervision services of customs and quality inspection departments, simplify the examination and approval procedures, improve the efficiency of customs clearance, reduce the cost of customs clearance and improve the efficiency of customs clearance, conscientiously implement various measures for the reform of the foreign exchange management system of trade in goods, reduce the statutory list of inspection and quarantine, and standardize and reduce the charges for import and export links.

Qiang Qi Jing, a macroeconomic analyst at Soochow securities, told reporters that the main focus of the policy was on reducing the cost of export enterprises.

The above export tax rebate, financing, credit guarantee and trade facilitation measures all point to reducing the comprehensive cost of export enterprises, especially to small and micro enterprises.

Optimize trade

Focus on "two layout"

While stabilizing the growth of foreign trade, we also have some concerns about the structure of foreign trade.

The opinion put forward that we should increase imports and promote trade balance.

Emphasis will be placed on importing advanced technology and equipment, key components and daily necessities that are closely related to the masses.

Analysts pointed out that the expansion of imports should also increase export tax rebates, while reducing import tariffs, especially consumer goods import tax rates.

At the same time, the "opinions" clearly pointed out that we should optimize the "two layout" of foreign trade.

On the one hand, we should optimize the layout of the international market for foreign trade and support enterprises in developing new markets such as Africa, Latin America, Southeast Asia and central and Eastern Europe. On the one hand, we should optimize the regional layout of foreign trade, expand the opening up of the central and Western Regions, and promote the economic and trade cooperation between neighboring provinces and regions in the development of neighboring countries.

In terms of the structure of export commodities and the structure of trade patterns, the opinion points out that we should expand the export of mechanical and electrical products, high technology, high value-added products and energy saving and environmental protection products with technology and capital intensive.

To support technological pformation of enterprises and improve the quality, grade and added value of labor intensive products.