The State Council determines measures to further stabilize foreign trade

Release time:

2019-07-22

The executive meeting of the State Council held on July 10 determined measures to further stabilize foreign trade, so as to expand opening up and help stabilize growth and employment; it is required to do a good job in reducing social security rates, and decided to fully promote the transfer of some state-owned capital to enrich the social security fund; deploy the central government Budget implementation and other fiscal revenue and expenditure audits found problems rectification work.

The meeting pointed out that, in accordance with the Party Central Committee and the State Council on the "six stability" work deployment, the implementation of the requirements of stable foreign trade, the key is to further expand the opening up, pay more attention to market-oriented reform and the use of economic means to enhance the endogenous power of enterprises. The meeting identified measures to further stabilize foreign trade. One is to improve the fiscal policy. Research will continue to reduce the overall level of import tariffs, improve the export tax rebate policy, and accelerate the progress of tax rebates. The second is to strengthen financial support. We will give better play to the role of export credit insurance, promote the expansion of coverage, reasonably reduce premiums, and study and propose special insurance types that meet the needs of enterprises. Guide financial institutions to increase foreign trade financing support for small and medium-sized enterprises. Create conditions to improve the convenience of RMB settlement. The third is to accelerate the development of new formats such as cross-border e-commerce and bonded maintenance of processing trade, and cultivate import trade demonstration zones. Fourth, improve the level of trade facilitation. Greater breakthroughs have been made in simplifying import and export supervision documents, reducing customs clearance time, and reducing port charges. The meeting called for strengthening policy reserves and launching them in a timely manner in accordance with changes in the situation and the concerns of enterprises, so as to promote the stability and quality of foreign trade.

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