News - Canton Fair Release A Number Of Policy Signals To Promote High-quality Development Of Foreign Trade

The 133rd China Import And Export Commodities Fair (Canton Fair) is being held offline. From the introduction of duty-free import exhibits, to the promotion of the mainland, Hong Kong and Macao to jointly build a single free trade area, and to promote the digital development of goods trade, a number of policy signals to support the development of foreign trade were released intensively during this Canton Fair.

Promote The Introduction Of Duty-free Import Exhibits

In order to hold a successful Fare, the Guangzhou Customs has sorted out the procedures for handling the preferential tax policies for the sale of imported exhibits during the exhibition period and formulated relevant working guidelines to help the organizers of the Canton Fair and the exhibitors make good use of the policies, help the Canton Fair import exhibition duty-free policy better landing.

Experts believe that the implementation of this policy will help reduce the costs and burdens of exhibitors and enhance their international competitiveness. At the same time, can also attract more overseas high-quality exhibits to participate in the Canton Fair, promote our market opening and industrial upgrading.

Leading The New Economy

Guangdong-Hong Kong-Macao Bay area has become one of the most dynamic and open areas in China. Wang Haifeng, a researcher at the China Macroeconomic Research Institute, said during the Canton Fair that from a development perspective, the future outlet of the guangdong-hong Kong-macao Bay Area is to build a unified big market, to enable the free flow of goods, services, talents, technology, data and capital in the Bay Area.

n order to support the guangdong-hong Kong-macao Bay Area Construction, the policy is increasing efforts. Wang Shouwen, the international trade negotiator and Vice Minister of the Ministry of Commerce, revealed during the Canton Fair that the Ministry of Commerce actively supports the development of the guangdong-hong Kong-macao Bay Area, and has issued policies and measures in the commercial field to support the development of the guangdong-hong Kong-macao Bay Area, covering key areas such as consumption, circulation, trade and investment, and economic cooperation, it is promoting the establishment of a single free trade area among the mainland, Hong Kong and Macao.

Accelerating The Development Of Digital Trade

Digital trade is an important force to support the development of trade. In order to promote the digitization of trade and promote high-quality development of trade, Wang Shouwen said that the ministry of Commerce insists on“Making data run more and enterprises run less”, while further promoting trade management, trade methods and other digital, but also in-depth study and actively promote trade links, trade services, trade can upgrade the digital.

To promote the digitalization of enterprise trade is the focus of the development of digital trade in the future. Zhang Yansheng, chief researcher at the China Center for International Economic Exchange, said that for state-owned enterprises, the key is to ensure the safety of primary products, supply chains and the country’s future modernization, for foreign-invested enterprises, it is necessary to further study the cooperative relationship, and for private enterprises, it is necessary to further explore how to provide better trade digital software, hardware and rules for private enterprises to participate in international competition.

Post time: Apr-18-2023