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The State Council Standing Committee Deploys Four Measures

Xinhua News Agency, Beijing, October 23 (Reporter Yu Jiaxin)-The executive meeting of the State Council held on the 23rd made arrangements for further stabilizing foreign trade and proposed four measures to promote stable import and export while improving quality.

The State Council Standing Committee Deploys Four Measures
The State Council Standing Committee Deploys Four Measures

The meeting pointed out that since the beginning of this year, all localities and relevant departments have actively responded to changes in the external environment, have done a solid job in stabilizing foreign trade, and the overall operation of foreign trade has been stable.

Customs data show that in the first three quarters of this year, China’s total foreign trade import and export value was 22.91 trillion yuan, an increase of 2.8% over the same period last year, continuing the overall steady development trend of improving quality while maintaining stability, and showing strong resilience in the face of domestic and foreign challenges.
China attaches great importance to stabilizing foreign trade. Since last year, the measures to stabilize foreign trade have achieved good results. The executive meeting of the State Council in July this year clearly defined measures to further stabilize foreign trade, and requested that policy reserves be strengthened and timely introduced in accordance with changes in the situation and concerns of enterprises, so as to promote the stability and quality of foreign trade.

Facing the new situation and new challenges, the meeting put forward four specific measures, requiring the implementation of various policies, while further improving export tax rebates, trade financing, credit insurance and other policies; Promoting the construction of a high-standard FTZ network and deepening the reform of “deregulation services”; Cultivate new foreign trade formats and add a comprehensive test area for cross-border e-commerce; Increase the import of agricultural products, consumer goods for daily use, equipment, spare parts, etc. to meet domestic demand.

Industry insiders pointed out that under the current background of external uncertainties, increasing unstable factors and weakening of traditional competitive advantages of low internal factor costs, the new wave of foreign trade stabilization policies is more targeted, which helps to fundamentally cultivate endogenous power for foreign trade to improve quality and efficiency and better cope with external challenges.

The 14th meeting of the Standing Committee of the 13th National People’s Congress held today deliberated on the transformation and upgrading of foreign trade to promote the high-quality development of trade by gradually improving the export tax rebate mechanism, deepening the construction of a “single window” for international trade and promoting the construction of a comprehensive experimental zone in cross-border electronic commerce.


Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/deploys-four-measures/

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