Ministry of Commerce to encourage import policy to accelerate trade balance

Source: Internet
Author: User
Keywords Department
At present, the Ministry of Commerce has issued a number of individual import promotion policies, including the abolition of import quotas, the next step if the introduction of incentives to import policy, will be mainly posture.  6, 72 months of consecutive large trade surplus caused the concern of the Ministry of Commerce.  August 18, our correspondent in "China to encourage the interpretation of Import Policy seminar" learned that the Ministry of Commerce is stepping up the formulation of policies to encourage imports, the relevant policies will soon be released.  At present, China's first import-promoting service platform, the Shanghai Import Commodities Exhibition Center, has been set up in Pudong and will be operational in the first quarter of next year.  Wei, Secretary general of China International Economic Exchange Center and former vice Minister of Commerce, said this is the first time that China has set up a display centre for import services at an important port such as Shanghai, which shows that our trade policy has changed from the simple encouragement of exports to a major shift in the balance of import and export.  Despite a 28.7 billion dollar trade surplus due to weak imports in July, Wei expects the annual trade surplus to decline and the annual trade surplus likely to be between 50 billion and 100 billion dollars.  An expert from the Ministry of Commerce told our correspondent that the Ministry of Commerce has issued a number of individual import policies, including the elimination of import quotas, and so on, if the next step to encourage import policy, will be mainly posture, "such as the holding of import forums, the role of the procurement team is greater." A day earlier, the Ministry of Commerce spokesman Yao Jian also revealed that September will be held in Beijing, "2010 China Import Forum", while the investment fair in Xiamen will also increase the content of import promotion. "By adopting a series of measures to promote imports, China's import and export trade will show a sustained and balanced development."  "To set up the first import platform." Minister Counsellor Gao of the European Union's mission in China is optimistic about a series of moves to promote imports, and argues that Shanghai's display of imports will help accelerate the pace of EU products entering China, helping to balance the current China's surplus to the EU by about more than 100 billion euros a year.  Shanghai business sector sources pointed out that the products displayed in the center can enjoy tax relief policies to promote the sale of these products in China. According to the understanding, China's first import service platform to the landing in Shanghai, and Shanghai in the national foreign trade status.  In the first half of 2010, the amount of imports relied on the Shanghai port reached 177.18 billion U.S. dollars, an increase of 52%, accounting for 27.3% of total national imports. Shahailin, Deputy secretary general of Shanghai Municipal government, points out that this means that more than One-fourth of the country's imported goods are imported through the Shanghai port. "The stable development of imports, in the short term, is conducive to a country or region to balance the trade, to ease the trade surplus, especially in the current slow recovery of the world economy, the situation is still complicated in the background of the expansion of imports, in the economic transformation of Shanghai appears to be particularly important."  "he said. The pace of trade balance accelerated in recent years, foreign trade authorities have to promote imports, reduce the trade surplus has done a lotJob. For example, lower import tariffs, the overall level of China's import tariffs fell to 9.8% in 2010, and further reduced the import tariffs on some raw materials and final consumer goods. The automatic import license management of some electromechanical products was canceled in 2010. In addition, zero tariff treatment for the least developed countries was phased out from July 1 this year.  At the recent foreign aid conference, the State also proposed to promote the export of some developing countries to China. "When most people are concerned about exports, the Ministry of Commerce firmly believes that the development of imports for China's economic structure will be of great significance to the future development of energy conservation and environmental protection in China," Yao said. Therefore, both in policy measures and in policy direction will unswervingly adhere to such a direction. "The month of July, the national exports of 145.52 billion U.S. dollars, growth of 38.1%, imports 116.79 billion U.S. dollars, growth of 22.7%; the current month surplus of 28.73 billion U.S. dollars.  In January-July, China's trade surplus was $83.93 billion trillion, down 21.2% per cent year-on-year. Wei that following the small trade deficit in March, a single-month trade deficit could still emerge in the next few months.  With China's policy of promoting imports, the annual trade surplus is expected to maintain a downward trend. and foreign trade policy from the promotion of exports to gradually increase imports, will help China to play the influence of the great powers.  Wei said that during the recent trade meeting in south-East Asia, some ASEAN countries told him that China's increased imports helped those countries and regions avoid being hit hard by the global financial crisis of 2008. Wei said that China should study how to import, import and so on. such as energy saving and emission reduction needs of environmental protection equipment and technology imports, "if imported products, while promoting the process of innovation, we must." ”
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