CCTV News:Affected by the global epidemic, from January to February, China’s import and export, export and import decreased by 9.6%, 15.9% and 2.4% respectively. At present, foreign trade enterprises generally face problems such as cancellation or postponement of orders in hand, difficulty in signing new orders, and poor logistics and transportation. Today (10th) afternoon, the joint prevention and control mechanism of the State Council held a press conference at the State Council Office. Ren Hongbin, Assistant Minister of Commerce, introduced that in order to cope with the impact of the epidemic on foreign trade, the the State Council executive meeting on April 7th put forward a series of policies and measures to stabilize foreign trade, including adding a comprehensive cross-border e-commerce test zone, supporting the development of processing trade, and holding an online Canton Fair.
Ren Hongbin, Assistant Minister of Commerce:First, add a number of cross-border e-commerce comprehensive experimental zones. Since 2015, the State Council has set up 59 cross-border e-commerce comprehensive test zones in four batches. In 2019, China’s cross-border e-commerce retail import and export volume reached 186.21 billion yuan, five times that of 2015, with an average annual growth rate of 49.5%.
At present, traditional foreign trade has been severely impacted by the epidemic, and it is necessary to further develop the unique advantages of cross-border e-commerce. On April 7th, the State Council decided to set up 46 new comprehensive test areas, and with 59 approved, there will be 105 comprehensive test areas in China, covering 30 provinces, municipalities and autonomous regions, forming a development pattern of land and sea linkage and mutual assistance between east and west. The comprehensive test area will continue to carry out pilot tests, and apply policies and measures such as cross-border e-commerce retail export tax and retail import supervision.
Second, support the development of processing trade. Reduce the domestic sales cost of enterprises. When bonded materials or finished products of processing trade enter the domestic market for sale, import link tax shall be levied according to regulations, but deferred tax interest shall be temporarily exempted until the end of the year. Expand the pilot of selective taxation in domestic sales. We will expand the pilot project of processing trade enterprises choosing to pay tariffs on imported materials or finished products for domestic sales to all comprehensive bonded areas, so as to reduce the actual tax. Optimize the structure of processing trade. Accelerate the revision of the catalogue of industries that encourage foreign investment, promote the high-quality development of manufacturing industry, and enhance the ability of the central, western and northeastern regions to undertake industrial transfer. Expand the scope of commodity access. Some products that are in line with the industrial development policy and no longer belong to "two highs and one capital" are excluded from the prohibited category of processing trade.
Third, the online Canton Fair was held for the first time. Traditionally, the annual spring Canton Fair opens on April 15th. On April 7th, the the State Council executive meeting decided that the 127th Canton Fair would be held online in the middle and late June. This online Canton Fair will mainly include three parts: online display docking platform, cross-border e-commerce zone and live marketing service, and continue to give full play to the advantages of trade fairs. Provide online promotion, supply and procurement docking, online negotiation and other services for exhibitors and buyers, so that Chinese and foreign merchants can place orders and do business without leaving home and make positive contributions to the stability of world economy and trade together.
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