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Home > News > Market Flash > Import tariff is expected to be further reduced

Import tariff is expected to be further reduced

ECHEMI 2020-03-09

At the second China International Import Expo, which opened, China launched five new measures to open up to the outside world. Experts interviewed by China Securities News on the same day believed that the launch of the five measures is conducive to promoting China's higher level and all-round opening up. In the next step, we should focus on expanding the opening of commodity and investment markets, further reduce the overall level of import tariffs, and continue to reduce the negative list of foreign investment access. We should continue to optimize the business environment, stimulate market vitality and boost investment confidence. Liang Ming, director of the Institute of foreign trade of the Research Institute of the Ministry of Commerce, said that two aspects are important to continue to expand market opening. First, the commodity market is open. To expand the opening of commodity market, we need to further reduce the general level of import tariffs. Since last year, China has reduced import tariff five times, and it is expected that the level of import tariff will be further reduced next year. Second, the investment market is open. China's financial market opening potential is also huge. " Yu miaojie, Secretary of the Party committee and vice president of the National Development Research Institute of Peking University, told China Securities News that it could promote the orderly and gradual opening of the financial industry. The next step is to continue to optimize the business environment.

 

The key is to promote the reform of "management service" Yu miaojie said that we should continue to increase tax cuts and reduce fees, and reduce the burden on enterprises. Baiming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, said that to optimize the business environment, we need to continue to work on the "short board" to improve the level of trade facilitation. Wei Jianguo, vice president of China International Economic Exchange Center, said that among the 10 business environment indicators released by the world bank, there is still room for improvement in China's loans to small and medium-sized enterprises. Relevant departments have done a lot of work to get through the "last mile" of financing for small and medium-sized enterprises, and it is expected that the policy effect will appear in 2020. To continue to improve the new pattern of opening up, we need to accelerate the construction of free trade pilot area and free trade port Wei Jianguo said to further realize the freedom of currency exchange, capital circulation and technology exchange. Yu miaojie said that we should closely integrate the comprehensive opening-up with China's industrialization, urbanization and informatization. By promoting the coordinated development of Beijing, Tianjin and Hebei, Guangdong, Hong Kong, Macao and the bay area, and the integration of Yangtze River Delta, China's urbanization will be promoted, and the level of China's manufacturing industry will be improved through the industrial agglomeration effect to build a world manufacturing power. Through the development of Guangdong, Hongkong and Macau, we will further promote cooperation with Southeast Asian countries in "one belt and one road". Promote economic and trade cooperation between ASEAN, Japan and South Korea through the Yangtze River Delta. By promoting the maritime Silk Road and the land Silk Road, we will promote the development of the "one belt and one road" national economy and trade.

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