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Foreign trade red tape further cut

Updated: 2019-10-09 Source:Radio Guangdong's English Service Author:verify
 

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Procedural red tape for foreign trade enterprises will be further cut, according to a notice jointly issued by the Ministry of Commerce, General Administration of Customs and China Council for the Promotion of International Trade.
 
Beginning October 15, ‘export enterprise registration’ and ‘certificate of origin’ will be integrated into one procedure and processed at the same time. This reform has been made possible due to an information sharing scheme between different government departments. The aim is to further optimize the business environment and streamline registration procedures.
 
According to Guangzhou Customs, there are currently 25,000 companies registered with a certificate of origin. From January to August of this year, Guangzhou Customs have issued over 313,300 certificates of origin for various export products, involving commodities valued at over 10.4 billion US dollars. The certificate has enabled export enterprises to enjoy preferential tariffs worth around 3.5 billion yuan.
 
As a result of the new policy, the number of registrations is expected to rise substantially.