Open Governance
Sichuan Issues 32 Favorable Policies for Foreign Trade Enterprises

The Sichuan Provincial Department of Commerce has announced that in order to help enterprises solve their difficulties and serve their healthy development, it has compiled and issued the 32 Favorable Policies for Foreign Trade Enterprises in Sichuan on the basis of a series of policies and measures at the central and provincial levels that benefit foreign trade enterprises. The policies involve five aspects of export tax rebate, customs clearance facilitation, facilitation of foreign exchange receipts and payments, credit insurance support, and business support. 

In terms of export tax rebate, in principle, export enterprises can apply for export tax rebate declaration and other matters after submitting electronic data for declaration through online channels, without submitting paper materials. As for customs clearance facilitation, applications for inspection approval of qualified COVID-19 vaccines and testing reagents will be processed immediately under the premise of controllable risks. Regarding facilitation of foreign exchange receipts and payments, domestic individuals engaged in cross-border e-commerce can handle the cross-border e-commerce foreign exchange settlement through their personal foreign exchange accounts. For domestic individuals handling cross-border e-commerce foreign exchange settlement and sales, if they provide proof materials of transaction amount or electronic transaction information, the individual's annual facilitation quota will not be used. As to credit insurance support, differentiated fee reductions will be carried out for small and micro enterprises with non-high indemnity, national-level "specialized, sophisticated, distinctive and innovative" enterprises, and single-item champion manufacturing enterprises when they sign new insurance contracts or renew contracts, so as to reduce the cost of micro-, small- and medium-sized enterprises. In the aspect of business support, enterprises are supported to participate in well-known international exhibitions such as the China International Import Expo and the China Import and Export Fair, and subsidies are available to offset enterprises' booth fees and personnel costs.

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