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The State Council issued the opinions to further stabilize foreign trade and foreign investment

Date:2020-08-20  Hits:186
The general office of the State Council recently issued the opinions on further stabilizing foreign trade and foreign investment (hereinafter referred to as the opinions).

The opinions pointed out that the current international epidemic situation continues to spread, the world economy is in serious recession, and China's foreign trade and foreign investment are facing a complex and severe situation. We should thoroughly implement general secretary Xi Jinping's spirit of directing the important instructions for stabilizing foreign trade and foreign capital, implement the decision making arrangements of the CPC Central Committee and the State Council, do well in the "six stability" work and implement the "six guarantees" task, further strengthen the steady foreign trade and stabilize foreign investment, stabilize the main body of foreign trade and stabilize the supply chain of the industrial chain.

The opinions put forward 15 policies and measures to stabilize foreign trade and foreign investment, including:

First, we will increase fiscal, tax and financial support. We should give better play to the role of export credit insurance and actively protect the risk of cancellation of orders before shipment. Support conditional local replication or expansion of the "SINOSURE + guarantee" financing mode. Provide credit enhancement support for foreign trade enterprises in various ways. We will further expand export credit to small and medium-sized foreign trade enterprises. Financial support should be given to key foreign-funded enterprises, and the special amount of refinancing and rediscount is equally applicable to foreign-funded enterprises. We will lower the threshold for foreign R & D centers to enjoy preferential policies, and encourage foreign investors to invest in establishing R & D centers in China.

The second is to develop new trade patterns and models. A new batch of market procurement trade mode pilot projects will be added to expand the total amount to about 30, support cross-border e-commerce platform, cross-border logistics development and overseas warehouse construction, etc., and strengthen the Credit Cultivation of foreign trade comprehensive service enterprises. We will expand online channels for foreign trade, promote "one country, one exhibition online", support small and medium-sized foreign trade enterprises to open up markets, and help export enterprises connect with more overseas buyers.

The third is to improve the level of customs clearance and personnel exchanges. We will further promote the standardization and reduction of the compliance costs of import and export links, promote the "one-stop sunshine price" of port charges at ports wher conditions permit, and increase the consultation service for technical and trade measures. Under the premise of strictly implementing the epidemic prevention requirements, we will continue to negotiate with relevant countries to establish "fast track" to facilitate personnel exchanges, increase the total number of international passenger flights in stages, and appropriately increase the number of civil aviation flights with China's main sources of investment.

Fourth, support key industries and enterprises. We should guide the gradient transfer of processing trade and cultivate a number of processing trade industrial parks jointly built by the eastern, central, Western and northeast regions. We will further increase support for export enterprises of labor-intensive products. "One enterprise, one policy" helps large-scale backbone foreign trade enterprises solve problems. We will treat key foreign-funded projects equally and increase land use and other service guarantees. We will promote the facilitation of the management and service of high-tech enterprises, and encourage more foreign investment in high-tech industries.

According to the opinions, all regions should combine the actual situation, improve the supporting measures, seriously organize the implementation, and promote the implementation of various policies in the region. All departments should, according to the division of responsibilities, strengthen cooperation and form joint forces to ensure the implementation of various policies.
 
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