China: Measures to promote foreign trade, import-export activities

China: Measures to promote foreign trade, import-export

Import and export statistics released by the General Administration of Customs reveal a decline in imports and exports for the period January to October 2015. To address this trend, the customs administration introduced measures to promote the growth of foreign trade.

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Among the items are measures to:

  • Improve customs clearance supervision services
  • Promote the innovative development of processing trade
  • Clean up and regulate the import and export charges (i.e., better access to electronic port pre-entry system) to save on logistics costs
  • Address smuggling activities 

KPMG observation

Most of the measures reiterate past actions by the customs authorities regarding the reform of the customs and the promotion of foreign trade. Some of the new measures are viewed as improvements to existing policies, while some are new. In general, the new measures may serve as a “reference” point for enterprises that need to acquire an understanding of the customs administration policies and as such may provide information that enterprises could use in adjusting their operations. 

 

Read a December 2015 report [PDF 336 KB] prepared by the KPMG member firm in China: The Customs Authorities Introduced New Measures to Promote the Steady Growth of Foreign Trade

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