Promote Stable Growth of Foreign Trade and Speed Up The Export Tax Rebate

To further speed up the progress of export tax rebates; expand the scale of trade finance; reduce the cost of trade finance; increase the intensity of export credit insurance support.
The State Council published the full text <Some suggestion on the promotion of foreign trade steady growth> On September 18, and has made a total of 16 specific comment, such as export tax rebates and financial services, enhance trade facilitation, improve the trading environment, optimize trade structure, strengthen organizational leadership.
Stakeholders told reporters, after the comments published, the relevant departments published more detailing measures according to the comments in export rebates, financing, export credit insurance and so on. For realization of foreign trade target, the next month, the measures promoting foreign trade will enter a period of intensive implementation.
The comments first proposed, prepared for export tax rebates and financial services. Further accelerate the progress of export tax refund, ensure accurate and timely tax rebate; expand the scale of trade finance, improve import and export of financial services, guide financial institutions to increase exchange rate hedging products. Widening export enterprise financing channels, support commercial banks in accordance with "risk can controlled, and commercial can continued" principles, increased on having orders, and having benefits, and meet prudent credit terms of export enterprise loan; reduce trade finance cost; in-depth implementation the each requirement of banking financial body not specification operating special governance work, strictly prohibited banking financial body not reasonable conditions during making loan, strictly prohibited violation charged service costs, efforts for small micro-enterprise provides financing facilitate.
The comments also noted that to increase the intensity of export credit insurance support, seriously implement the large national complete plant export finance insurance special arrangements. Expand the scale of export credit insurance, export credit insurance coverage. Develop the credit insurance of small micro-enterprises, support medium-sized and small enterprises in opening up the international market.
In terms of improving facilitation measures, the comments noted that to further improving customs, quality supervision in sectors such as services, simplifying approval procedures, improve the efficiency of customs clearance, reduce operating costs, improve the efficiency of customs clearance; serious measures to implement reforms in exchange for trade in goods management system; reducing the statutory inspection and quarantine directory; norms and reduce the import and export link charges.