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China Will Adopt Four Policy Measures To Expand Imports.

- Aug 02, 2018 -

A few days ago, the General Office of the State Council forwarded the "Opinions on Expanding Imports to Promote Balanced Development of Foreign Trade" (hereinafter referred to as "Opinions").

    The "Opinions" pointed out that it is necessary to implement the decision-making arrangements of the Party Central Committee and the State Council on promoting a mutually beneficial and win-win strategy, better exerting imports to meet the people's consumption upgrading needs, speed up institutional and institutional innovation, promote economic restructuring, and enhance international competitiveness. The positive role of the party is to further expand imports while stabilizing exports, promote balanced development of foreign trade, promote high-quality economic development, and maintain free trade. The "Opinions" proposes policy measures to expand imports to promote balanced development of foreign trade from four aspects.

    The first is to optimize the import structure to promote the upgrading of production and consumption. Support the import of products related to people's livelihood, adapt to the needs of consumption upgrading and supply quality improvement, and support the import of daily consumer goods, medicine and rehabilitation, and old-age care equipment closely related to people's lives. We will implement measures to reduce the import tax rate of some commodities, reduce intermediate circulation links, clean up unreasonable price increases, and effectively improve people's living standards. Improve the duty-free shop policy and expand the import of duty-free products. Vigorously develop new service trade and promote the import of production services such as architectural design, trade logistics, consulting services, R&D and design, energy conservation and environmental protection, and environmental services. Increase the import of technical equipment that contributes to the transformation and development, and increase the import of agricultural products and resource products.

    The second is to optimize the international market layout. Strengthen the "One Belt, One Road" international cooperation, give full play to the role of multi-bilateral economic and trade cooperation mechanism, and regard the "Belt and Road" countries as the key source of import. Accelerate the implementation of the free trade zone strategy, actively promote negotiations with the free trade zones of relevant countries and regions, and accelerate the construction of a network of high-standard free trade zones based on the surrounding areas and radiating the “Belt and Road” and globally. Implement preferential arrangements for imports of goods and services from the least developed countries.

    The third is to actively play the role of multi-channel promotion. Run the China International Import Expo. We will continue to play a role in promoting foreign investment in expanding imports, improve the management system for foreign investment, and optimize the domestic investment environment. Promote effective interaction between foreign trade and foreign investment, accelerate the signing of high-level investment agreements, and improve the level of foreign investment facilitation. Innovate the import trade mode, speed up the replication and promotion of mature experience in the cross-border e-commerce comprehensive pilot zone, and accelerate the pilot of parallel import of automobiles.

    The fourth is to improve the conditions for trade liberalization and facilitation. Vigorously cultivate the platform for import promotion, and cultivate a number of demonstration areas for the promotion of innovation in the country's import trade. Optimize the import customs clearance process and improve the level of import trade facilitation. Reduce the institutional costs of import links and clear unreasonable charges for import links. Accelerate the improvement of the domestic business environment, strengthen the construction of foreign trade credit system and intellectual property protection, promote the construction of the traceability system of imported consumer goods based on the defect import consumer recall system, crack down on counterfeit and shoddy goods, and standardize and improve the domestic market order.


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