Guangdong will launch 10 key projects for high-quality trade development. A series of preferential measures will be implemented and benefit more and more trade enterprises.
NEW PLAN FOR TRADE DEVELOPMENT
In order to promote high-quality trade development, Guangdong has recently published an action plan to develop the province into a trade powerhouse by 2025.
There are two goals in the plan:
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By 2022, the value of Guangdong’s import and export of goods will continue exceeding 7 trillion yuan, with an improved trade structure.
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By 2025, a higher-level open economy system with new advantages in trade competition will be established.
According to the plan, ten key projects will be launched in sectors of:
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Digital trade (数字贸易工程)
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New business models (贸易新业态工程)
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“Guangdong Trades Globally” (“粤贸全球”品牌工程)
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Exhibition promotion (展会提升工程)
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Major trade platforms (重大贸易平台工程)
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Industrial chain investment promotion (产业链招商工程)
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Developing leading trade enterprises (贸易龙头企业工程)
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Building a GBA International Consumer Hub (粤港澳大湾区国际消费枢纽工程)
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Reform of customs clearance facilitation (通关便利化改革工程)
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Innovation of trade and finance (贸易金融创新工程)
It’s such good news for those who are doing business in Guangdong. The government will made and implement a series of preferential policies and measures for foreign trade enterprises in the province.
Guangdong will pilot measures to encourage companies to popularize digital trade and intelligent management, with Guangzhou and Shenzhen as the main engines.
Guangdong will mainly cultivate new business models, including cross-border e-commerce, market procurement trade, offshore trade, and entrepot trade.
The province will double the scale of new business models in five years, and export market procurement trade will exceed 500 billion yuan in 2025.
To know more about market procurement trade, you can check the following link to read our posts:
Guangdong Trades Globally
Guangdong plans to hold over 100 online and offline exhibitions with the theme of “Guangdong Trades Globally” every year.
By 2025, Guangdong will encourage over 10,000 foreign trade enterprises to participate in exhibitions, encouraging companies to expand major markets in ASEAN, Africa, Russia, Japan, and the United Kingdom.
© Image | Nanfang Daily
Guangdong will upgrade the level of the Canton Fair and concentrate superior resources to level up certain fairs and exhibitions to be international high-end exhibitions, including:
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China Hi-tech Fair
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Guangdong 21st Century Maritime Silk Road International Expo
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China Processing Trade Products Fair
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China International SME Fair
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China International Cultural Industries Fair
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…
Guangdong will continue developing the import trade promotion zone in Nansha of Guangzhou and promote the Special Customs Supervision Zones (SCSZs) and economic development zones.
By 2025, the import and export volume of SCSZs and economic development zones above the provincial level will reach 1 trillion yuan.
Investment to Industrial Chain
Guangdong will encourage domestic and foreign investment to the entire industrial chain, especially around 20 strategic industrial chains, by compiling industrial investment maps, establishing industrial chain investment alliances, and improving the connecting mechanism between major transnational companies and provincial officials.
Leading Trade Enterprises
Guangdong will strive to attract at least ten more regional headquarters of multinational corporations.
Also, the province will cultivate several global supply chain suppliers and leading enterprises of processing trade and OEM manufacturing with world-class manufacturing capabilities.
GBA Int’l Consumption Hub
Guangdong will accelerate developing international consumption center cities in Guangzhou and Shenzhen, layout regional consumption center cities, and initiate several duty-free shops at ports and downtown cities.
Customs Clearance Facilitation
Guangdong will carry out particular actions to facilitate cross-border trade and further promote port efficiency and fee reduction.
© Image | China News
Guangdong will expand the scale of trade financing, carry out pilot projects in trade finance and build trade finance platforms.
The province will support the development of financial innovation platform for supply chains in Dongguan and other places.
We will keep following the updates on the preferential policies for foreign trade-related enterprises. Stay tuned!
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SOURCE | Guangdong Gov / 南方日报 / GD Today
