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Chinese customs to boost business environment for foreign trade, investment

Abstract : China will further improve the business environment for foreign trade and foreign-funded enterprises, according to the General Administration of Customs (GAC).

BEIJING, July 22 (Xinhua) — China will further improve the business
environment for foreign trade and foreign-funded enterprises, according
to the General Administration of Customs (GAC).

The customs will provide targeted assistance in tax payment, credit
management and customs clearance to meet demand and solve problems that
enterprises face through online and offline platforms, said GAC official
Dang Yingjie at a press conference Wednesday.

Customs clearance will become more efficient as authorities work to
promote the establishment of a scientific, reasonable and complete
system of customs supervision, Dang said.

Meanwhile, the GAC will continue to reduce the overall customs
clearance time for goods and minimize the impact of the COVID-19
pandemic, Dang said.

Paperwork for exports will be streamlined and the Authorized Economic
Operator (AEO) credit system optimized to make it more convenient for
enterprises, Dang noted.

More will be done for tax and fee cuts. The GAC will cooperate with
relevant departments to reduce import and export costs and lower charges
for ports, docks and quarantine inspections, said Dang. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Chinese customs to boost business environment for foreign trade, investment

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