New Measures To Stabilize Foreign Trade, Promote New Trade To Overcome Difficulties In Foreign Trade

Li Keqiang, premier of the State Council, chaired a State Council executive meeting on April 7th. He launched a series of initiatives such as the establishment of a comprehensive pilot area for cross border e-commerce, support for processing trade, and online holding of the Canton Fair. He actively responded to the impact of the epidemic and worked hard to stabilize the basic foreign trade and foreign investment. He decided to extend some of the tax support policies of Shi Puhui financial and small loan companies.

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1. At present, traditional foreign trade has been greatly affected by the epidemic. We must give greater play to the unique advantages of cross-border electricity providers, and help to push ahead with foreign trade difficulties with new formats.

　　 Measures 1., on the basis of the establishment of 59 cross-border electricity supplier comprehensive test zones, 46 new cross-border electricity supplier comprehensive test zones will be set up.

　　 Measures 2. to promote effective measures to promote cross-border electricity supplier development, while supporting the implementation of the cross border e-commerce retail export goods in accordance with the provisions of the exemption from value-added tax and consumption tax, corporate income tax approved collection and other supporting policies.

　　 Measures 3. to study the pilot cities with the conditions of the comprehensive test area into the cross border electricity retail import pilot area, and support enterprises to build and share overseas warehouses.

　　 Measures 1. for processing trade bonded materials or manufactured goods sold, until the end of the year, temporarily exempted from tax interest.

　　 Measures 2., the processing trade enterprises can choose to import tariffs on imported materials or finished products, and extend them to all comprehensive bonded areas.

　　 Measures 3. expand the scope of foreign investment industries and reduce the categories of prohibited products in processing trade.

　　 Measures: the 127th Canton Fair was held online in mid and late 6. We invite customers from home and abroad to display products online, use advanced information technology, provide all-weather online promotion, procurement and docking, online negotiation and other services, and create online trade platform for high-quality and characteristic products, allowing Chinese and foreign merchants to place orders and do business without leaving home.

　　 Measures: enhance the capacity of China Europe class trains and other freight corridors, promote the improvement of cargo connection and other conditions, fully undertake the transfer of goods by sea and air freight, and support the stabilization of international supply chain and resumption of production.