Chinese customs authorities adopt 16 measures to optimize business environment
Chinese customs authorities on Tuesday said they had launched 16 initiatives to optimize the country's business environment.
The measures will help stabilize social expectations further and boost confidence in foreign trade, according to a press briefing of the General Administration of Customs (GAC).
Efforts have been made to improve the efficiency of cross-border logistics, support the import of advanced technology equipment and special items, promote the import and export of important agricultural and food products, facilitate export tax rebates, enhance the upgrading of trade processing, and optimize the supervision of border trade, according to the GAC.
In 2022, it introduced 23 measures to stabilize foreign trade, providing solid support to bring the scale of China's foreign trade to a record high, according to GAC official Wu Haiping.
In its next step, the GAC will focus on the implementation of the 16 new initiatives, urge local customs offices to introduce supporting measures, devise targeted solutions for difficulties faced by enterprises, and strengthen the implementation of and feedback concerning the policies, Wu said.
Recommended Posts
-
Despite EU tariffs on electric vehicles, China is projected to remain the world’s top car exporter in 2025 with an estimated 5.58 million units shipped, up 14% year-on-year. Major automakers like SAIC are diversifying product lines to include hybrid models to counter trade barriers, while BYD and Chery dominate European and Southeast Asian markets. -
The U.S. Department of Commerce introduced a new tariff offset process allowing automakers to reduce Section 232 tariffs on imported parts based on their U.S. production volume. This initiative aims to boost domestic assembly capabilities while mitigating reliance on foreign manufacturing. Eligible manufacturers can apply for tariff reductions of 3.75% (2025–2026) or 2.5% (2026–2027) of their vehicles’ MSRP. -
China will implement a batch of demonstration projects featuring advanced green and low-carbon technologies, the National Development and Reform Commission (NDRC) said Tuesday. By 2025, a number of advanced green and low-carbon technological achievements will be transformed and applied, while supportive policies, business models and regulatory mechanisms conducive to the promotion and application of the technologies will be gradually refined. It is necessary to improve policies for green and low-carbon economic development, and strengthen fiscal support, tax policy support, financial support and pricing policy support. It is imperative to promote a better combination of efficient markets and competent government, and integrate resource and environmental factors such as carbon emission rights, energy use rights, water use rights, and pollutant discharge rights into the overal...
