The State Council Decided To Further Stabilize Foreign Trade Measures

The executive session of the State Council, held in July 10th, decided to further stabilize foreign trade measures to expand opening up to help steady growth and steady employment, and to do a good job in reducing the rate of social security fees. It decided to fully push aside some state-owned capital to enrich the social security fund, and deploy the central budget implementation and other fiscal revenue and expenditure audit to find out the rectification work.

The meeting pointed out that, in accordance with the requirements of the CPC Central Committee and the State Council on the "six stability" work and the implementation of stable foreign trade requirements, the key is to further expand the opening to the outside world, and pay more attention to market driven reform and the use of economic means to enhance the endogenous driving force of enterprises. The meeting confirmed measures to further stabilize foreign trade. First, we should improve fiscal and taxation policies. The study continued to lower the total import tariff level and improve the export tax rebate -1.html > > Export tax rebate Policies to speed up the tax rebate progress. The two is to strengthen financial support. We should give full play to the role of export credit insurance, expand coverage and reduce premiums reasonably, and put forward specific types of insurance that meet the needs of enterprises. We should guide financial institutions to increase their support for foreign trade financing of small and medium-sized enterprises. Create conditions to improve the convenience of RMB settlement. Three, we should accelerate the development of new formats such as cross-border electricity suppliers, processing trade, bonded maintenance, and so on, and foster an import trade demonstration area. The four is to enhance the level of trade facilitation. We have made greater breakthroughs in simplifying import and export regulatory documents, reducing customs clearance time and lowering port charges. The meeting called for strengthening policy reserves and timely launching according to the changing situation and concerns of enterprises, so as to promote stable and quality upgrading of foreign trade.