In order to help foreign trade enterprises to cope with the current difficulties, on May 5, the regular meeting of the State Council once again around the stability of foreign trade to make arrangements, from the focus on protecting orders, improve the efficiency of customs clearance, increase credit input and other aspects to further increase support.

About export tax rebate

Recently, ten national departments jointly issued the "Notice on Further Increasing Export Tax Refund Support to Promote the Stable Development of Foreign Trade" (hereinafter referred to as the "Notice"). The "Notice" aims to help foreign trade enterprises alleviate difficulties, promote the stable development of imports and exports, and better Give full play to the effectiveness of export tax rebates, which are inclusive and fair and in line with international rules and policies, and optimize the foreign trade business environment in many ways.

In terms of further increasing policy support for enterprises, the Notice proposes three initiatives:

First, strengthen the export credit insurance and export tax rebate policy convergence.If an enterprise declares the export business of tax refund and obtains export credit insurance compensation due to the inability to collect foreign exchange, the export credit insurance compensation shall be regarded as the receipt of foreign exchange and the export tax refund shall be processed.

Second, improve the processing trade export tax rebate policy.In order to support the development of processing trade enterprises and further reduce the burden on enterprises, after the tax rebate rate for export products is consistent, the input tax amount of value-added tax transferred out due to the inconsistent tax rebate rate is allowed to be deducted.

The third is to tap the potential of the departure tax rebate policy.Further expand the geographical coverage of the departure tax rebate policy for overseas tourists. Optimize the layout of tax refund shops, promote more high-quality merchants to become tax refund shops, and form a larger-scale agglomeration effect. Actively promote convenient measures such as convenient payment of departure tax rebates and "buy and refund" to promote overseas tourists' shopping and consumption in China, and promote the standardized development of departure tax rebates.

About Customs Work

The General Administration of Customs has recently issued ten measures to promote the stability and quality of foreign trade while strengthening the prevention and control of imports outside the port and implementing the responsibility for epidemic prevention and control.

First, to ensure the key regional industrial chain supply chain cycle smooth.

2. speed up the enterprises in urgent need of goods customs clearance.

Third, improve the efficiency of inbound and outbound logistics.

4. guarantee the smooth flow of inbound and outbound postal routes.

Fifth, improve the new crown vaccine reagent fast track.

6. actively implement tax and fee reduction measures.

7. ensure the effective supply of imported and exported agricultural and food products and other commodities.

8. support small and medium-sized enterprises to carry out market procurement trade.

9. promote the paperless customs clearance of import tariff quotas.

10. strengthen statistical monitoring analysis and data services.

About financial policy

On April 18, the People's Bank of China and the State Administration of Foreign Exchange issued the Notice on Financial Services for Epidemic Prevention and Control and Economic and Social Development (hereinafter referred to as the Notice), focusing on supporting the relief of distressed entities, smoothing the national economic cycle and promoting the development of foreign trade exports, and proposing 23 policy initiatives to strengthen financial services and increase support for the real economy.

Measures related to foreign trade include: improving the level of trade facilitation; facilitating enterprises to carry out cross-border financing; improving enterprise exchange rate risk management services; optimizing cross-border business processing processes and services; increasing export credit insurance support; and enhancing the convenience of cross-border investment and financing for investors.

About Credit Insurance

In February, the Ministry of Commerce and China Export Credit Insurance Corporation (hereinafter referred to as "CITIC Insurance") jointly issued the "Notice of the Ministry of Commerce and China Export Credit Insurance Corporation on Increasing Export Credit Insurance Support, Doing a Good Job in Cross-Cycle Adjustment and Further Stabilizing Foreign Trade" (hereinafter referred to as "Notice") to further play the role of export credit insurance and make every effort to stabilize foreign trade.

The ''Notice'' requires that all business institutions of China CITIC Insurance Company should effectively play the role of policy financial institutions, further optimize export credit insurance underwriting and claim settlement conditions under the premise of compliance with laws and regulations and controllable risks, strengthen product linkage, and support the integration of domestic and foreign trade Develop, actively expand the underwriting of the industrial chain, increase service guarantees for small, medium and micro foreign trade enterprises, and support for new business formats such as cross-border e-border e-commerce and overseas warehouses, help foreign trade enterprises to stabilize confidence and enhance their ability to resist risks. Local commercial authorities should strengthen the tracking and judgment of the situation, further enhance the initiative and forward-looking work, give full play to the role of export credit insurance, do a good job in cross-cycle policy design, and ensure that foreign trade operates within a reasonable range.

The Notice pointed out that the business organizations of CITIC Insurance Company should effectively increase the service support of export credit insurance for small, medium and micro enterprises, expand the coverage and underwriting scale of small, medium and micro foreign trade enterprises, reduce the insurance costs of small, medium and micro enterprises, and optimize claims recovery service measures. Explore the new type of offshore international trade with mature conditions into the scope of export trade insurance support. Improve export credit insurance support policies based on the characteristics of trade in services in different fields.

On the relief of small and medium-sized enterprises.

On May 9, the Ministry of Industry and Information Technology announced the ''Several Measures to Strengthen Assistance for Small, Medium and Micro Enterprises to Solve Difficulties, ''and proposed ten measures to further relieve difficulties for small, medium and micro enterprises, including: All localities should actively arrange for small, medium and micro enterprises and individual industrial and commercial households. Special funds for relief, combined with local actual conditions, provide subsidies for housing rent, utilities, guarantee fees, epidemic prevention expenses, etc., and loan discounts, and social security subsidies.

About the integration of domestic and foreign trade

As early as June 2020, the Implementation Opinions on Supporting the Transfer of Export Products to Domestic Sales were issued, and it has been proposed to speed up the transfer of domestic market access, promote the development of "same line, same standard and same quality", and strengthen the protection of intellectual property rights. Two years later, a pilot project for the integration of domestic and foreign trade was proposed, and the background of "accelerating the construction of a unified national market" was added.

On April 10, the "Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a Unified National Market" was released. According to the opinions, the working principles for accelerating the construction of a unified national market are: based on domestic demand, smooth circulation. The main objectives are to continuously promote the efficient and smooth flow and scale expansion of the domestic market, accelerate the creation of a stable, fair, transparent and predictable business environment, further reduce market transaction costs, promote scientific and technological innovation and industrial upgrading, and cultivate new advantages in participating in international competition and cooperation.

On May 10, the Ministry of Commerce and other 14 departments issued the "Notice on the Pilot of Domestic and Foreign Trade Integration."

The notice is clear, and strive to use three years to improve the integrated domestic and foreign trade regulation system, promote domestic and foreign trade laws and regulations, regulatory systems, business qualifications, quality standards, inspection and quarantine, certification and accreditation, etc., actively innovate, take the lead, and cultivate a group of domestic and foreign trade integrated operation enterprises, create a batch of domestic and foreign trade integrated development platforms, and form a batch of industrial clusters with international competitiveness and integrated development, establish and improve the system and mechanism to promote the integrated development of domestic and foreign trade, form experiences and models that can be replicated and promoted, and play an exemplary and leading role in promoting the integrated development of domestic and foreign trade.