Eight Policies To Promote Steady Growth Of Foreign Trade Policies And Regulations

Premier Wen Jiabao chaired a State Council executive meeting on 12 April to study and determine policies and measures to promote stable growth of foreign trade.

In order to support the development of foreign trade, the conference discussed and adopted some opinions on promoting steady growth of foreign trade, and determined the following policy measures:

(1) speed up the export tax rebate to ensure accurate and timely tax rebates.

(two) expand the scale of financing, reduce financing costs, and support commercial banks in their efforts to expand trade financing for small and micro enterprises and increase loans to eligible export enterprises.

(three)

The scale and coverage of export credit insurance should pay special attention to the development of credit insurance for small and micro enterprises.

Expand short term insurance business and support small and medium enterprises to develop international market.

We will seriously implement the special arrangements for export financing insurance of large scale complete sets of equipment.

(four) improve the level of trade facilitation.

Simplify examination and approval procedures, improve customs clearance efficiency and reduce customs clearance costs.

Under the premise of effective supervision, the application scope of territorial declaration and port inspection and release will be relaxed to some B enterprises.

Further reduce the statutory list of inspection and quarantine.

The inspection and quarantine fees of all statutory inspection and quarantine items shall be waived in the four quarter of 2012, and the inspection and quarantine charges shall be implemented after 2013.

(five) properly cope with trade conflicts and safeguard the legitimate rights and interests of our export enterprises.

We should implement import trade relief according to law and protect domestic industrial safety.

Enterprises should be encouraged to make good use of regional and sub regional cooperation mechanisms and effective FTA.

(six)

We should expand imports, increase imports of advanced technology and equipment, key components, and daily necessities closely related to the masses, support technological pformation and promote trade balance.

(seven) optimize the layout of foreign trade international market and support enterprises to develop new markets such as Africa, Latin America, Southeast Asia and central and Eastern Europe.

(eight)

The regional layout of foreign trade, expanding the opening up of the central and western regions, and promoting the economic and trade cooperation between border provinces and provinces to neighboring countries.