West Coast New Area: foreign trade strong area so refined

2022-06-22 0 By

From January to November 2021, the total import and export volume of goods in Qingdao West Coast New Area (including the free Trade Zone) reached 283.55 billion yuan, up 47.0% year on year, and is expected to exceed 300 billion yuan in the whole year.Overcoming obstacles such as the spread of the global epidemic, rising raw materials and soaring shipping costs, Qingdao West Coast New Area has shown strong momentum as a strong foreign trade zone, thanks to its courage and determination to take the initiative to expand opening-up.In 2021, the freight rates in the international shipping market continued to soar under the impact of the epidemic, resulting in the “difficult to find a container”, and many foreign trade enterprises once fell into the dilemma of “difficult to find a container”.With qianwan Port and Dongjiakou port areas, Qingdao West Coast New Area has made a series of combination measures, such as adding new air routes, opening additional overtime vessels and sea-rail combined transportation.”On average, we increase two routes and 40 to 50 foreign trade overtime ships every month. We also actively compete for chartering shippers to open routes at Qingdao port and take goods from Shandong out.”Shandong port Qingdao Port bay container Terminal company deputy general manager Zhang Jun.Qingdao East Asia tire Co., Ltd. is a south Korean-owned enterprise in west Coast new Area, which mainly produces and exports butyl inner tubes for automobiles. 98% of sales are export trade, and the products are exported to many countries and regions.Affected by the epidemic, the supply chain and capital turnover of enterprises have been put to an unprecedented test.”When we were in the most difficult period, the tax authorities came to our door and delivered a package of preferential tax policies applicable to enterprises, guiding us to reduce taxes and fees in compliance with regulations and stabilize supply and production.In particular, the speed of export tax refund is very fast. It takes only two days from submitting the declaration data to receiving the tax refund, which greatly saves the cost.”The company’s sales general manager Kim Jong-hoon introduced that under the support of various favorable policies, the company’s export sales gradually rose to 1.5 million to 1.7 million DOLLARS per month, and the production line was running at full capacity.From accelerating export tax rebates to expanding the coverage of export credit insurance, from reviewing and reducing port charges to deepening cross-border trade facilitation reform…A large number of practical and effective measures have ensured rapid and steady development of foreign trade.”Relevant data analysis shows that the total volume of imports and exports in 2021 is expected to exceed 300 billion yuan.”Qingdao west coast new District commerce Bureau foreign trade section head Li Lina introduction.At viPSHOP’s Central Warehouse in Qingdao, located in the bonded logistics center of Qingdao’s West Coast New Area, goods from Japan, South Korea and other countries are piled up during the Spring Festival holiday, and workers are frantically sorting them out for delivery to consumers across the country.Since its opening in July 2021, Qingdao Central Warehouse has become an important hub for VIPSHOP to “buy and sell globally”.Wang Hongjiang, head of ViPSHOP’s Qingdao warehouse, said: “The proximity to Japan and South Korea, coupled with the bonded stock policy, made west Coast New Area the perfect choice for us.”The west coast of Qingdao, new city in the country also has put forward “build the Yellow River” 9 + 2 “cross-border electricity industry cooperation and exchange mechanism”, by facilitating the customs clearance procedure and trade facilitation, optimization of ascension, Japan and South Korea “sea highway”, forming connection, Japan and South Korea, radiation, Europe and Asia, opening to the outside of the channel to open the Yellow River basin development bridgehead “portal”.The west coast of Qingdao, new city bonded logistics center co., LTD., President of jiangnan, said: “with the help of the Yellow River” 9 + 2 “cross-border mechanism of electricity industry cooperation and exchange platform, coastal region international customer resources to agglomeration, and docking with the vast inland market, will rapidly expand the scale of cross-border trade, a huge consumption growth potential.”From January to October of 2021, Qingdao West Coast New Area completed the cross-border e-commerce import and export volume of nearly 10 billion yuan, with a year-on-year growth of 426%, becoming an absolute “dark horse” in foreign trade market.”In January, orders from RCEP countries increased 120 percent year-on-year and 30 percent month-on-month.”Deng Ling, head of the overseas development department of Double star tires, was pleased.”Super bonus” quickly appeared, double star took the lead to taste the sweet, which is inseparable from the precise guidance of the government.The west coast of Qingdao, new city business bureau deputy director Xu Xiangsen introduction, asean countries and the west coast of Japan and south Australia are new important partner, after a year of RCEP members according to the analysis of the import and export, have held special training class, precision guide enterprises to seize opportunities, prepared to implementation agreement comes into effect, improve the international competitiveness of enterprises.”In the first half of 2021, the company started to study the main directions of policy dividends such as cumulative rules of origin, trade in services and investment list for the RCEP agreement provisions.”Su Ming, general manager of Double Star Tire industry, said, “The company has jointly developed new products with RCEP countries, such as a fireproof tire designed for Malaysia and Cambodia, which is not prone to spontaneous combustion even at high temperatures, and the sales of the product are very good.”With the help of RCEP, Qingdao West Coast New Area is sprinting towards a higher level of foreign trade development.In 2022, Qingdao West Coast New Area will continue to promote the implementation of stable foreign trade policies, actively expand national import trade, promote the demonstration and leading role of innovation demonstration zone, give full play to the role of new forms and models of cross-border e-commerce in promoting foreign trade, and further promote the transformation and upgrading of foreign trade and high-quality trade development.Source: Dazhong Daily