Jilin rolls out policies to promote growth of foreign trade

Update: 2020-03-10

Northeast China’s Jilin province recently launched a raft of policies to promote the steady growth of foreign trade and attract foreign capital during the novel coronavirus epidemic, according to the province’s department of commerce.

Officials said the province launched nine policies to promote the steady growth of foreign trade, including increasing fiscal and taxation support, increasing financial support, supporting export credit insurance and developing foreign trade legal services.

The other new policies involved increasing support for participation in exhibitions, supporting the expansion of international markets, developing new business models, stabilizing the bonded processing trade and facilitating customs clearance.

Jilin also released nine measures to promote the steady growth of foreign capital introduction.

Officials said these included moves to help solve business difficulties during work resumption, implementing relevant tax reductions and exemption policies, tackling enterprises’ financial difficulties and promoting the signing of key projects.

The other measures involved promoting online investment promotion activities, building a cooperation platform to attract investment -- especially for key economic and trade events, as well as expanding channels for foreign investment, improving service for foreign-funded companies and continuously improving the investment and business environment.

Officials said that while steadfastly continuing comprehensive epidemic prevention and control measures, the province will also help foreign-funded enterprises to resume work and help them boost their development.