A Series Of Measures Supporting For Processing Trade And Canton Fair Online

The executive meeting of the State Council was held on April 7. The meeting pointed out that in recent years, the scale of China's cross-border e-commerce import and export has continued to grow rapidly, becoming a new bright spot in the development of foreign trade. At present, traditional foreign trade has been greatly affected by the epidemic. It is necessary to give full play to the unique advantages of cross-border e-commerce and help foreign trade to overcome difficulties with new formats. The meeting decided that on the basis of the establishment of 59 cross-border e-commerce comprehensive test areas, 46 new cross-border e-commerce comprehensive test areas were established. Promote effective practices to promote the development of cross-border e-commerce, and implement supporting policies such as exemption of value-added tax and consumption tax, and verification of corporate income tax on cross-border e-commerce retail export goods in the comprehensive test zone, and study the comprehensive test zone that will be qualified The city where it is located is included in the pilot scope of cross-border e-commerce retail imports, supporting companies to jointly build and share overseas warehouses. The meeting pointed out that processing trade accounts for 1/4 of China's foreign trade. We must coordinate the development of domestic and foreign trade, support processing trade enterprises to alleviate difficulties, and promote the stabilization of foreign investment and employment. First, domestic bonded materials or finished products for processing trade shall be sold domestically, and tax deferred interest shall be temporarily exempted before the end of the year. Second, it is necessary to expand the pilot of processing trade enterprises to pay customs duties on imported materials or finished products to all comprehensive bonded areas. Third, we must expand the scope of industries that encourage foreign investment and reduce the types of products prohibited by processing trade. In response to the severe situation of the spread of the global epidemic, the meeting decided that the 127th Canton Fair will be held online in the middle and late June. Invite domestic and foreign merchants to display products online, use advanced information technology, provide all-weather online promotion, supply and purchase docking, online negotiation and other services, create an online foreign trade platform of high-quality specialty products, so that Chinese and foreign merchants can place orders and do business without leaving the house .