Xi'an, capital city of Northwest China's Shaanxi province, will encourage and support marketable export products to open up the domestic market and help foreign trade enterprises overcome the impact of the COVID-19 pandemic, according to a work plan released by the municipal government.
The city will help foreign trade companies carry out a self-declaration of corporate standards, provide free technical services such as standard information inquiry and formal validity confirmation, and initiate a 24-hour rapid response mechanism for item coding.
It will also encourage high-quality and characteristic agricultural products that were previously exported to apply for national recognition to increase their visibility and influence.
Following the relevant national regulations, Xi'an will actively promote the paperless management of export tax rebates (exemptions) and replace paper data declarations with electronic data transmissions, making it easier and faster for export enterprises to handle business.
The city will also hold a series of activities to stimulate domestic sales for foreign trade products. It will organize large commercial enterprises and foreign trade companies to carry out direct purchases and guide well-known e-commerce platforms to help foreign trade companies establish online sales channels.
Xi'an will also encourage banks to provide loans to foreign trade enterprises and guarantee agencies to provide guarantees for foreign trade enterprise loans. The city will provide risk compensation for loans to qualified small and micro-sized foreign trade enterprises.