MOFCOM Introduces Measures to Boost Foreign Trade

The Ministry of Commerce ("MOFCOM") has recently issued Several Policy Measures for Supporting the Stable Development of Foreign Trade (the "Policy Measures").

The Policy Measures involve six aspects, including guaranteeing production and contract performance, and supporting competitive products to explore global markets; actively supporting enterprises to participate in various exhibitions to seek orders; playing the role of foreign trade innovation platform; and further playing the role of cross-border e-commerce in stabilizing foreign trade. The Policy Measures call on all localities to enhance their guarantee measures for foreign trade enterprises in various aspects, such as pandemic control, energy consumption, employment, and logistics, provide them with full support where necessary, and ensure timely performance and delivery of foreign trade orders. Meanwhile, under the premises of legality, compliance, and controllable risk, efforts should be made to further strengthen the support of export credit insurance for the building and operation of overseas warehouses; optimize the customs filing process, enhance the transportation organization of China Railway Express to Europe, and support the transportation of export goods from overseas warehouses; and accelerate the introduction of tax policies to facilitate cross-border e-commerce export returns and exchanges.

(Source: http://www.mofcom.gov.cn/article/zwgk/gkzcfb/202209/20220903351830.shtml)