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10 measures of the Ministry of Commerce to promote stability and quality improvement of foreign trade

  • Categories:Industry News
  • Author:Economic Information
  • Origin:
  • Time of issue:2020-09-15
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10 measures of the Ministry of Commerce to promote stability and quality improvement of foreign trade

  • Categories:Industry News
  • Author:Economic Information
  • Origin:
  • Time of issue:2020-09-15
  • Views:

On March 18, at the National Import and Export Work Conference, the Ministry of Commerce launched 10 measures including further expanding diversified markets and actively cultivating new trade formats and new models, striving to promote stable and quality improvement of foreign trade, and insist on promoting foreign trade. High-quality development.

Ren Hongbin, Assistant Minister of Commerce, said that for the key tasks of foreign trade this year, we must focus on 10 areas: First, we must pay close attention to policy implementation and strengthen policy reserves. The second is to steadily promote the construction of a strong trade country and make every effort to promote the steady improvement of foreign trade. The third is to seek truth and be pragmatic, and strive to promote high-quality development of foreign trade. The fourth is to further develop diversified markets and optimize the international market layout. Fifth, reform and improve support policies for new business formats such as cross-border e-commerce, and actively cultivate new business formats and new models of trade. The sixth is to promote the transformation and upgrading of processing trade and improve the level of the industrial chain. Seventh, actively expand imports and optimize the import structure. Eighth is to vigorously promote the development of border trade. Ninth, continue to improve the level of trade facilitation. Tenth, continue to deepen the reform of the foreign trade system.

Ren Hongbin revealed that in 2018, my country’s total import and export volume reached a record high, continued to maintain its status as the world’s largest trading country, and further enhanced its contribution to the national economy. However, he pointed out that the current environment facing my country's foreign trade development is becoming more complex and severe, with greater uncertainty, more risks and challenges, and we must maintain a clear understanding. At the same time, there are foundations and conditions for achieving the goal of stabilizing foreign trade and improving quality.

The latest data show that in the first two months of this year, my country’s import and export value of goods trade reached 4.54 trillion yuan, a year-on-year increase of 0.7%. Affected by the Spring Festival in February, the growth rate of imports and exports declined that month. The General Administration of Customs stated that after the Spring Festival this year, the growth rate of my country's import and export of goods trade has rebounded sharply, and the rebound is currently strong.

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