CHINA: Government Releases Statement aimed at improving Trade Facilitation

Wednesday August 17 2016

A statement released by the Chinese State Council has urged its departments and local authorities to intensify efforts to stabilise exports and imports, which both declined in the first seven months of the year.

According to the statement, trade facilitation measures adopted by the country’s free trade zones should be duplicated and used in other regions, standards at different customs areas must be unified, and examination procedures should be simplified.

The statement additionally states that local authorities must streamline management fees at ports and for shipping businesses.

Policies will be further adjusted to facilitate new types of trade, such as cross-border e-commerce. The role of bilateral investment will also be encouraged to boost foreign trade, by promoting the country’s Belt and Road Initiative and international cooperation on capacity.

Please click here for more information on the trade facilitation measures adopted by the country’s four free trade zones.

Click on the above link for further information.