The Ministry Of Commerce Accelerates The Import Financing Platform &Nbsp, And The Total Market Is Still Being Measured.

　　 News people The Ministry of commerce is Brewing The import promotion Ordinance. "The first draft has been basically completed. Next, we need to consult with the relevant ministries and committees, and then submit them to the State Council for approval. It will take some time to really introduce it. " According to the source, the Ministry of Commerce began to envisage the measures to promote imports. Based on the importance and urgency of expanding imports, the Ministry of Commerce raised the plan to the "Regulations". height 。

Recently, China's new measures to promote imports have always been the focus of attention.

According to sources, the Ministry of commerce is deliberate on the import promotion Ordinance. "The first draft has been basically completed. Next, we need to consult with the relevant ministries and committees, and then submit them to the State Council for approval. It will take some time to really introduce it. " According to the source, the Ministry of Commerce began to envisage the measures to promote imports. Based on the importance and urgency of expanding imports, the plan has been raised to the height of the regulations.

In the new scheme that has taken shape, it is a bright spot for the government to build a financing platform to help domestic importers and foreign exporters, but the amount is still being measured.

New scheme

The official time of the new import promotion Ordinance is not yet clear. "This is a key point for the Ministry of Commerce in the second half of the year." The source said.

Since the beginning of this year, the Chinese government has adopted a series of policies and measures to expand imports.

Including further lowering the import tariffs on some raw materials and final consumer goods, reducing the total tariff level of China's imports to 9.8%, further implementing the import facilitation, canceling or delegating the automatic import license management of some mechanical and electrical products, and giving zero tariff treatment to the least developed countries step by step from July 1st this year. Since July 15th this year, the import of key equipment (including software tools and Technology), parts and components and raw materials for the import of major science and technology projects shall be exempted from import duties and import value-added tax.

The new import promotion Ordinance covers the above contents.

The source said: "the formulation of the plan is targeted, mainly for key countries and key industries."

The related contents are mainly in four aspects:

First, tariffs. The average tariff on imports has now been adjusted to 9.8%, and the new scheme will once again reduce tariffs on a number of products. The adjusted tariff is called "provisional tariff", that is, it can be adjusted or adjusted at any time in the future. The sources said so.

Secondly, the customs will further speed up the convenience of customs clearance, simplify the import procedures, and the AQSIQ will further enhance the facilitation of inspection. "Those that could be tested before or could not be tested will no longer be tested."

The third area is mainly about quotas and permits. The proposed quota of some additional commodities and further decentralization of import licences are proposed.

Finally, it is a highlight of the scheme financing, which provides financing to domestic importers and foreign exporters.

"These are still a general idea. The formulation of the regulations is equivalent to guiding opinions. After the approval of the State Council, the relevant ministries and commissions still need further supporting rules." The foregoing sources said.

Financing is the key.

This is the first time that the government has made policies to build a financing platform for domestic importers and foreign exporters.

The initial idea is to involve policy banks, commercial banks and credit insurers, mainly through three channels: through official credit institutions, such as the import and export bank, to provide low financing; one is the export credit guarantee company, and the other is the government discount.

The source said, "financing is mainly targeted at key industries in some countries and in China."

"But the amount of the whole plate will not be determined yet, and it is being measured, and it needs communication with the Ministry of finance to finalized it." The source said.

Mei Xin Yu, an Associate Research Fellow of the Ministry of Commerce, made a rough calculation.

He said that the official financing system set up to expand imports should be limited to support for general trade imports. In general trade imports, support should be limited to resources that are insufficient for China's domestic endowments and technical equipment that they are unable to make domestically.

Imports of semi-finished products such as processing trade can basically be self sufficient and should not be included in official import financing support.

According to this principle: the strategic resources and import of technology and equipment in general trade can, based on this, come to the conclusion that China's current import scale needs support, and the scale of the corresponding input of intellectual resources can estimate the import scale of this part in the next period of time (for example, a five year plan).

"But the proportion is determined by the government, so the exact number can not be estimated." Mei Xin Yu said, "however, I do not advocate establishing new institutions outside the import and export bank and export credit insurance, and expanding and establishing new departments among these two institutions."