Encourage The Midwest To Undertake Processing Trade

- Nov 08, 2018-

Encourage the Midwest to undertake processing trade

The meeting also stressed the need to improve the processing trade policy, which is the second time this year. At the beginning of the year, the State Council issued the "Several Opinions on Promoting the Innovative Development of Processing Trade" as a programmatic document guiding the innovation and development of China's processing trade in the coming period.

Guiding and encouraging the transfer of processing trade in the central and western regions can help slow the transfer of processing trade to other countries. The industry believes that in recent years, the cage-changing birds in the eastern region have been advocating the replacement of high-tech “new birds”. The proposed land for retreat can be transformed into commercial, tourism, pension, etc. In addition to the high-tech industry, it has also expanded the modern service industry. This is also a new trend.

It is worth noting that some of the specific measures proposed by the State Council to promote foreign trade are the experiences that can be promoted and replicated in the four domestic free trade pilot zones. Such as the cancellation of the processing trade business approval, sound after-the-fact supervision; international trade single window to the promotion of conditional areas.

The deployment of cross-border e-commerce work is equally noteworthy. This year's first State Council executive meeting deployed the expansion of the cross-border e-commerce comprehensive pilot zone. After three months, the State Council executive meeting once again mentioned cross-border e-commerce. In this regard, analysts said that building a new advantage in foreign trade competition requires the construction of new trade methods, such as cross-border e-commerce is one of them. In addition, the meeting also mentioned the expansion of market procurement trade pilots, brand strategy, overseas channel strategy, etc., will further enhance the competitiveness of China's products.

Analysts believe that a little relaxation in the international market will make China's current position replaced by other countries, and it will be even more difficult to get back. All of these require that China need to reinforce the foreign trade and promote foreign trade and fill in the gaps. The five aspects of the policy proposed by the State Council executive meeting are currently only framed, and specific supporting rules should be introduced as soon as possible.

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