New methods applied to promote foreign trade increase by Chinese Authorities
On 16th September, 2012, the State Council released “Suggestions on the Promotion of a Stable Growth in Foreign Trade”, in which two points are highlighted as following: (a)Speed up the relevant processes, reduce the relevant fees. For example, extend the scope of territorial declaration and port clearance under effective supervision; waive the printing costs for paper of verification of export earnings, import payments and the drawback copy of export declaration; waive the custom supervision cost. (b)Optimize the structure of trade, mainly including encourage the imports of advanced technological equipments, key parts and components and daily necessities that are closely related…