Including measures such as accelerating the legislation of bonded maintenance in Pudong, multiple departments support the development of Pudong's trade facilitation
On June 20, the 2024 Pudong New Area Conference on Promoting High-Quality Trade Development was held. At the conference, the Municipal Commission of Commerce, Shanghai Customs, Shanghai Border Inspection Station and the Shanghai Headquarters of the People's Bank of China announced measures to support the development of Pudong's trade facilitation. Newly recognized customs advanced certification enterprises, Pudong New Area International Trade Distribution Center Demonstration Enterprises, and Huachen Youan Comprehensive Designated Supervision Sites were awarded plaques.
Shanghai Haiwan Supply Chain Management Co., Ltd. has obtained the AEO certification. General Manager Zou Jiajin told reporters that as an important link in the supply chain, the company needs to ensure efficiency and safety to better serve semiconductor integrated circuit enterprise customers. After obtaining the AEO certification, customs clearance efficiency will be greatly improved. "At present, our warehouse has expanded to 20,000 square meters, and we are applying to the customs for a public bonded warehouse to provide customers with more abundant bonded warehousing services." Zou Jiajin said.
Reporters learned that at the meeting, Pudong New Area launched eight measures to promote high-quality development of foreign trade, including working with local customs to study joint incentive measures applicable to AEO enterprises. Shanghai Customs also proposed to increase the efforts to cultivate AEO enterprises and optimize the differentiated management model of AEO enterprises.
The measures to support the development of Pudong's trade facilitation also involve bonded maintenance. Pudong New Area will expand the export of high-tech products and add a second-hand car export trading service base; accelerate the legislation of Pudong for bonded maintenance, expand the pilot coverage of remanufactured products as new products, and explore key enterprises to carry out "two-end-out" bonded remanufacturing business. The Municipal Commerce Commission will orderly promote the pilot work of importing used key parts for automobile R&D and testing.
In recent years, Pudong New Area has accelerated the establishment of a trade facilitation system with international advanced levels. The import and export volume of goods trade has increased from 1.55 trillion yuan in 2013 to 2.58 trillion yuan in 2023, and the proportion of the city's total foreign trade has increased from 56.6% to 61.2%. In 2023, the import and export of service trade in Pudong New Area will reach 105.6 billion US dollars, accounting for more than 50% of the city's total; the offshore resale trade balance will reach 55.2 billion US dollars, accounting for nearly 90% of the city's total.
Zhu Zhisong, member of the Municipal Party Committee, Secretary of the Pudong New Area Party Committee, and Director of the China Free Trade Zone Management Committee, attended the meeting.