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Half a month and three to stabilize foreign trade, the country will often have a new setting! There are three measures to support processing trade enterprises, and the time of the Canton Fair is also determined. There are ten key points

The latest executive meeting of the State Council (hereinafter referred to as the "national regular meeting") has a large amount of information, and has given a number of measures to stabilize foreign trade and foreign investment, as well as tax support policies.

Premier Li Keqiang presided over the national regular meeting on April 7, launched a series of measures such as the establishment of a comprehensive cross-border e-commerce pilot area, support for processing trade, and the holding of the Canton Fair Online, actively responded to the impact of the epidemic and made efforts to stabilize the basic board of foreign trade and foreign investment, and decided to continue to implement some tax support policies for Inclusive Finance and small loan companies.

This is the third time in half a month that the executive meeting of the State Council has deployed foreign trade. Liu Xiangdong, deputy director of the Economic Research Department of China International Economic Exchange Center, said that with the spread of the overseas epidemic, there are obvious signs of shrinking external demand, and the phenomenon of order loss began to appear. The intensive introduction of foreign trade stabilization policies by multiple departments is to stabilize foreign trade and reduce the impact of the epidemic on employment.

Key points include:

1. We will continue to open wider to the outside world, take a series of measures to stabilize foreign trade and foreign investment, and strive to reduce the severe impact on China's economy, especially on employment.

2. On the basis of 59 cross-border e-commerce comprehensive pilot areas, another 46 cross-border e-commerce comprehensive pilot areas have been established.

3. We will promote effective measures to promote the development of cross-border e-commerce, and at the same time implement supportive policies such as exemption from value-added tax, consumption tax and enterprise income tax on the retail export goods of cross-border e-commerce in the comprehensive pilot area.

4. We will study to include the cities where the comprehensive test area meets the conditions into the pilot scope of cross-border e-commerce retail import, and support enterprises to build and share overseas warehouses.

5. We will support processing trade enterprises to ease difficulties, promote the stabilization of foreign investment and employment, and temporarily exempt from the interest of tax delay before the end of the year for the domestic sale of bonded materials and parts or finished products in processing trade.

6. We will expand the pilot projects where processing trade enterprises can choose to pay tariffs on imported materials or finished products for domestic sales to all comprehensive bonded areas.

7. We will expand the scope of industries that encourage foreign investment and narrow the categories of prohibited goods in processing trade.

8. The 127th Canton Fair was held online in late June.

9. We will enhance the capacity of China EU trains and other freight corridors, promote better conditions for cargo connection, and make every effort to undertake the transfer of goods by sea and air, and support the stabilization of the international supply chain and the resumption of production.

10. We will strengthen inclusive financial services for small and micro businesses, self-employed businesses and farmers to help them tide over difficulties. It was decided at the meeting that we should implement fiscal and financial policy linkage, and extend some tax preferential policies that have expired to the end of 2023.

Highlight 1: the State Council has three proposals on "stabilizing foreign trade" within half a month

The national regular meeting on April 7 pointed out that the current global pandemic has accelerated its spread, bringing a huge impact on the world economy and international trade and investment. In accordance with the work plan of the Party Central Committee and the State Council for "six stability", we should continue to expand opening up, take a series of measures to stabilize foreign trade and foreign investment, and strive to reduce the serious impact on China's economy, especially on employment.

For the third time in nearly half a month, the State Council has made arrangements for foreign trade policies. On March 31, the State Council proposed to further strengthen the adjustment of fiscal and monetary policies, take various measures, focus on expanding domestic demand, helping to resume production, and ensuring employment, and help all kinds of enterprises, especially small and medium-sized enterprises, foreign trade enterprises, and individual businesses to overcome special difficulties and ensure the basic people's livelihood. On March 24, the national regular meeting proposed to support enterprises to negotiate online and hold exhibitions online, actively grasp orders and promote cooperation in view of the shrinking trend of orders for foreign demand.

A novel coronavirus pneumonia epidemic is spreading downtown pressure on the economy. Some countries have been hit by production and consumption, and the trade activities have been reduced. The downward pressure on the global economy has increased. In the next few years, foreign trade enterprises may encounter problems such as external demand being sluggish and orders decreasing, and so on. Jiang Fan, a foreign ministry inspector of the Ministry of Commerce, has been spreading.

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