The pilots for “the market purchasing” trade mode

Recently, the Chinese State Council distributed Opinions on Promoting Steady and Sound Development of Foreign Trade(the State Council〔2016〕No. 27, hereinafter referred to as the Opinion). According to the Opinion, the Ministry of Commerce will work with National Development and Reform Commission, the Ministry of Finance, General Administration of Customs, State Administration of Taxation, State Administration for Industry & Commerce, General Administration of Quality Supervision, Inspection and Quarantine, and State Administration of Foreign Exchange to incorporate five markets (Changshu International Clothing Business Center,Guangzhou Huadu Leather Market, Shandong Linyi Engineering Materials Market, Hubei Wuhan Hankou North International Commodity Trade Center and Hebei Baigou Luggage Market) into the third batch of pilots for “the market purchasing” trade mode.

With the approval of the State Council, the Ministry of Commerce has worked with the relevant departments to conduct pilots in Zhejiang Yiwu, Jiangsu Haimen Dieshiqiao International Textile City and Haining China Leather City in April 2013 and September 2015 respectively. The three pilot units have tried in business process, supervision method and information system construction, implemented breakthrough in 4 areas including simplified classification and application as well as non-refund of VAT exemption,. They specified the management mechanism, the so called “One Scoping, 3 Filings and One Online” and established information-sharing, sector-collaborated, risk-controlled and source-trace commodity certification system and IPR protective system, which basically implemented“ source-traceable, event-responsible and risk-controllable” goal. The pilots for “the market purchasing” trade mode not only invigorate the main market players, expand the market scale, improve the international level and promote the foreign trade growth, but also achieve fruitful results in boosting new business activity pilot and innovative development of foreign trade. Until the end of August 2016, the export value of purchasing trade grew up 13% year on year.

Next, the 8 departments will continue to push the pilots work in accordance with the Opinion, guide local governments to seek for a management mode adapting to “the market purchasing” trade mode through system innovation, management innovation, service innovation and collaborative development. The will form repeatable and popularized experience so as to promote the innovative development of foreign trade.

Source: http://english.mofcom.gov.cn/article/newsrelease/significantnews/201610/20161001405951.shtml

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