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China Textile City Market Procurement Trade Pilot Export Value Exceeds 12.5 Billion Yuan on First Anniversary



China Textile City Market Procurement Trade Pilot Export Value Exceeded 12.5 Billion Yuan on the First Anniversary Simplified customs clearance procedures, more convenient customs …

China Textile City Market Procurement Trade Pilot Export Value Exceeded 12.5 Billion Yuan on the First Anniversary

Simplified customs clearance procedures, more convenient customs clearance conditions, lower export costs, and support the export of local textiles and other products… After one year of operation, Zhejiang Shaoxing KeqiaoChina Textile City‘s pilot market procurement trade mode has achieved fruitful results: in the first month of the pilot operation, the export value exceeded 100 million yuan; after 3 months of operation, the export value exceeded 10 billion; in its first anniversary of operation, the export value exceeded 12.5 billion yuan.

The market procurement trade method refers to the trade method in which commodities are purchased in recognized market gathering areas and qualified operators handle export customs clearance procedures. The maximum value of a single customs declaration form for market procurement trade is US$150,000. If you meet the conditions, you can enjoy policy conveniences such as simplified declaration, exemption from tax and non-refund. This new trade method tailored for “multiple varieties, multiple batches, and small batches” foreign trade is very popular among small, medium and micro enterprises, and has built a low-cost, high-efficiency export channel for merchants in the professional market.

China Textile City in Keqiao, Shaoxing, Zhejiang Province, as the fifth batch of pilot market procurement trade methods in the country, completed the first trial of the “first order” at the end of 2020. Shaoxing Keqiao China Textile City mainly exports textiles through market procurement and trade. After more than a year of development, it has attracted 173 foreign trade companies and 1,422 suppliers to participate in the pilot, with exports covering 147 countries on six continents. countries, effectively boosting the growth of foreign trade exports in Shaoxing region.

In order to improve efficiency and speed up customs clearance, Shaoxing Customs visited relevant enterprises to understand the actual situation, and innovatively launched the “daily clearing, weekly and monthly reminder” system, that is, for goods that are normally released, they will be released in time and cleared on the same day; The goods should be inspected in a timely manner; a “review” should be carried out at the end of each month to summarize common customs declaration errors and report them to customs declaration companies and foreign trade companies on a monthly basis to reduce unnecessary detentions caused by operational errors. Since the implementation of this system, the market procurement and trade network information platform has become more active, and the average daily reservation of vehicles has increased from 60 to about 120, achieving “daily clearing of containers.” In addition, Shaoxing Customs has also cooperated with local commercial departments to organize more than 10 business coaching and training sessions, involving more than 1,300 people from nearly 900 companies and distributing more than 40,000 copies of materials.

“Next step, we will further optimize the customs clearance process, continuously improve market procurement supervision capabilities, expand and establish a linkage mechanism with local governments, and actively promote local products to go out through market procurement and trade font>, allowing more small, medium and micro private enterprises to enter the world stage.” said Wang Qibin, Chief of the Third Supervision Section of Shaoxing Customs.

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