Stabilize foreign trade: reduce pressure and increase vitality
In the face of the impact of the new crown pneumonia epidemic, as well as factors such as rising sea freight and raw materials, the cost pressure of foreign trade enterprises continues to increase. With the gradual improvement of the epidemic prevention and control situation, various localities are accelerating the pace of resumption of work and production. In order to help enterprises move forward lightly, the national and local government departments have launched a number of targeted measures such as tax reduction and fee reduction, to reduce costs and increase vitality for foreign trade enterprises.
Work together to reduce costs for trading companies
Using real money to help companies bail out, many departments are taking action. Recently, Sheng Qiuping, Vice Minister of Commerce, when interpreting the relevant situation of the package of policies and measures to stabilize the economy deployed at the executive meeting of the State Council, said that in order to stabilize foreign trade and foreign investment, the Ministry of Commerce quickly built a "3+3" implementation framework. We will guide local commerce authorities to pay close attention to stabilizing foreign trade and other policies to be effective. In particular, we will give appropriate preference to small, medium and micro foreign trade enterprises, and make full use of policies such as export tax rebates and credit guarantee support, and strive to reduce the overall cost of enterprises. At the same time, we will intensify efforts to smooth the logistics and transportation of foreign trade goods, and help enterprises make good use of the preferential policies of free trade agreements such as RCEP.
"From June 1st to October 31st, China International Economic and Trade Arbitration Commission will reduce the cost burden of arbitration parties to resolve disputes." China Council for the Promotion of International Trade spokesperson and office director Yu Yi introduced at a press conference held on May 30th. , some enterprises that meet the conditions are expected to be reduced by 70% of the arbitration fee when arbitrating through this institution, and no arbitration fee will be charged for the disputed amount reaching a certain amount. Enterprises with difficulties can also apply to pay the arbitration fee in installments.
Helping enterprises to reduce pressure, effectively and orderly promote the accelerated recovery of the economy, and local governments are also taking active actions. Shanghai issued the "Accelerating Economic Recovery and Revitalization Action Plan", introducing 50 policies and measures in eight areas, including a series of measures to help foreign trade enterprises to bail out, such as encouraging port enterprises to reduce or exempt cargo storage fees for a specific period of time , encourage shipping companies to reduce or exempt the demurrage fee for a specific period, and advocate port and shipping related enterprises to reduce or exempt foreign trade import and export related logistics operation costs; for small and medium-sized enterprises that meet the conditions of "specialized, special and new", the original export credit insurance rate is based on the basis In order to increase policy financing support, we will implement periodic fee reductions of no less than 10%.
In addition to Shanghai, cost reduction measures for foreign trade companies have also been released in many places.
The Guangxi Zhuang Autonomous Region issued the "Several Measures for Stabilizing Foreign Trade and Promoting Growth in 2022", proposing 33 specific measures from eight aspects including expanding the scale of bulk commodity imports, focusing on helping enterprises to bail out, and making every effort to stabilize the basic foreign trade.
Anhui Province has compiled the "List of Policies to Help Enterprises and Relief". Many of the 454 measures in the list have benefited foreign trade enterprises. Among them, it is proposed that import and export enterprises participate in the online international market development activities organized by the province, and provide booths, digital marketing and other expenses. Up to 60% support, and a single event supports up to 8,000 yuan.
The commerce department of Guizhou Province has made great efforts to reduce the comprehensive cost of foreign trade enterprises, and has taken a series of measures, including the construction of the main channel between Guizhou and Guangdong, the construction of the new land-sea channel in the west, the international freight channel between Guizhou and the Indo-China Peninsula, and the railway transportation cost support of the China-Laos cross-border train from Guiyang to Vientiane. , to promote the scheduled operation of China-Europe (Central Asia) trains, and provide support in accordance with the proportion and requirements of the Ministry of Finance on regulating the financial subsidies for China-Europe trains; continue to implement the delivery fee for cross-border e-commerce postal parcels sent through Guiyang International Mail Exchange Bureau Preferential concessions; support and guide enterprises to build self-use and public-use overseas warehouses in RCEP and key country markets in Guizhou Province.
Improve the ability of trade enterprises to resist risks
"Currently, foreign trade enterprises are facing multiple challenges such as rising raw material supply costs, rising international and domestic freight rates, and sharply rising labor costs. In addition to the reduction in orders, production is suspended in some places, and revenue and profits are reduced. Comprehensive cost reduction is exactly what the company needs. ." Liu Xiangdong, deputy director of the Economic Research Department of the China Center for International Economic Exchanges, said in an interview with a reporter from the International Business Daily.
Gao Lingyun, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, also emphasized in an interview with a reporter from International Business Daily that it is necessary to pay attention to the continuous rise in labor costs, production costs, and transportation costs faced by enterprises, which leads to a sharp drop in corporate profits. larger living space.
Liu Xiangdong further stated that cost reduction requires the joint efforts of the government, related enterprises and all aspects of society. The first is to further help foreign trade enterprises reduce the cost of each link of the supply chain, including smoothing the logistics supply chain channels and reducing transaction costs. The second is to take measures such as ensuring supply and stabilizing prices to guide foreign trade enterprises to obtain raw materials at reasonable prices and reduce procurement costs. The third is to increase shipping supply and adjust shipping prices to effectively guide the stability of international freight rates. The fourth is to adopt policies such as tax reduction and fee reduction to reduce the institutional costs of production and circulation, and increase export tax rebates to maintain a stable exchange rate and provide more support for foreign trade enterprises to continuously reduce costs and improve their operations.
Zhao Ping, vice president of the Research Institute of the China Council for the Promotion of International Trade, said in an interview with a reporter from the International Business Daily that foreign trade enterprises, especially small and medium-sized enterprises, are facing increasing cost pressure. are important. Therefore, it is necessary to comprehensively sort out and reduce the transactional and institutional costs faced by foreign trade enterprises, and at the same time help enterprises develop domestic and foreign markets, and create more favorable opportunities for the development of foreign trade enterprises.
Liu Xiangdong also suggested that stabilizing foreign trade should not only help companies reduce taxes, fees, rent and interest, but also help companies expand the market at lower costs, such as reducing the cost of digital transformation and overseas risk control costs, and helping foreign trade companies as much as possible. Understand external market changes and possible risks, effectively control risk costs, and make investment operations more stable. At the same time, enterprises should further do a good job in internal control, improve their internal skills, seek diversified help in securing orders and market share, and reduce the cost of fulfillment and delivery as much as possible, thereby enhancing the anti-risk capability of foreign trade enterprises.