The 127th Canton fair will be held online from June 15 to 24th , we are online too.
The 127th China import and export fair (Canton fair) on June 15 to 24, held on the net, a 10-day online at Canton fair is the positive reaction to COVID - 19 outbreak, efforts to stabilize foreign trade foreign innovation base, take orders will help foreign trade enterprise market, give full play to the functions of all-round opening up to the platform in the Canton fair commerce will adhere to the import and export, and ready to supply, docking, actively mobilize all forces, enhance the level of technology and expand the scope of enterprises, improve the supporting services, improve online experience, from the vast number of enterprises and strive to host a special period Special significance special measures special wonderful online Canton fair welcomes domestic and foreign enterprises and merchants to participate.
Premier li keqiang chaired an executive meeting of the state council on April 7, and launched a series of measures to establish a comprehensive cross-border e-commerce pilot zone, support processing trade, and hold the Canton fair online, in an effort to stabilize foreign trade and foreign investment. We decided to continue some tax support policies for inclusive finance and small loan companies.
The meeting pointed out that the current global pandemic has brought a huge impact on the world economy and international trade and investment. In accordance with the party central committee and the state council, we will continue to open wider to the outside world, adopt a series of measures to stabilize foreign trade and foreign investment, and mitigate the severe impact on China's economy.
At present, traditional foreign trade has been greatly impacted by the epidemic. In order to give greater play to the advantages of cross-border e-commerce and help foreign trade to move forward with the new business model, the meeting decided to add 46 comprehensive pilot zones for cross-border e-commerce. We will promote effective practices to promote the development of cross-border e-commerce, implement supporting policies to exempt cross-border e-commerce retail exports from value-added tax, consumption tax and corporate income tax in comprehensive test zones, and study the inclusion of cities where qualified comprehensive test zones are located in the pilot areas of cross-border e-commerce retail imports.
The meeting called for coordinating the development of domestic and foreign trade and supporting the rescue of processing trade enterprises. For processing trade bonded materials or finished products sold in China, the tax deferred interest will be temporarily exempted before the end of the year. The pilot project that processing trade enterprises can choose to pay tariff according to imported materials or finished products for domestic sale will be expanded to all comprehensive bonded areas. We will expand the scope of industries that encourage foreign investment.
In view of the grim situation of the global corona virus epidemic, the meeting decided that the 127th Canton fair will be held online in mid-to-late June. We invite customers from home and abroad to display our products online, and provide all-weather online recommendation, purchase and docking, online negotiation and other services by using advanced information technology.
The meeting pointed out that it is necessary to improve the capacity of freight routes such as freight trains between China and Europe, make every effort to transfer goods by sea and air, and support the stabilization of international supply chain and the resumption of production.
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