Ministry of Commerce: Take multiple measures to help small, medium and micro foreign trade enterprises to solve difficulties

On April 28, the State Council Information Office held a regular briefing on policies to further increase export tax rebate support and help enterprises bail out and stabilize foreign trade
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In the first quarter of this year, China's foreign trade got off to a good start, but there is still pressure on small, medium and micro foreign trade enterprises to guarantee orders and performance
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In this regard, Yuan Xiaoming, director of the Finance Department of the Ministry of Commerce, said that since the beginning of this year, facing the complicated domestic and foreign economic situation, China's foreign trade has withstood the pressure and got off to a good start
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At the same time, we are also soberly aware that the environment for foreign trade development has become more severe and complex, the global economic recovery has slowed down, inflationary pressure has risen, and supply chain bottlenecks have not yet eased.

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In addition to export tax rebates, the Ministry of Commerce will also work with relevant departments to increase fiscal, taxation and financial support, focusing on helping enterprises to relieve difficulties from the following aspects:

The first is to increase credit insurance support to ensure the safety of foreign exchange collection by enterprises
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In February this year, the Ministry of Commerce and China Export & Credit Insurance Corporation jointly issued a notice on increasing export credit insurance support to further stabilize foreign trade
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It will promote export credit insurance institutions to further optimize the conditions for export credit insurance underwriting and claims settlement, expand the coverage of foreign trade enterprises, especially small and medium-sized enterprises, and help enterprises better prevent foreign exchange risks
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The second is to play the role of special funds to help enterprises expand the market
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It will guide all localities to continue to play the role of special funds for foreign economic and trade development, improve the public service system, and help enterprises diversify their markets by supporting small, medium and micro enterprises to participate in online and offline exhibitions, accelerating the digital development of trade, and connecting domestic and foreign supply and marketing channels
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The third is to condense financial resources and expand financing channels for enterprises
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Instruct local business systems to continue to strengthen cooperation with financial institutions, and promote financial institutions to further increase foreign trade credit in accordance with market-oriented principles by building docking platforms, data credit enhancement support, and establishment of green channels, and encourage banks and exporters.
Credit insurance institutions strengthened the connection and expanded the scale of policy financing
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Strengthen credit support for small, medium and micro foreign trade enterprises through multiple channels and methods, and guide the precise drip irrigation of financial water
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The fourth is to optimize foreign exchange services and enhance the ability of enterprises to avoid risks
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Since last year, the Ministry of Commerce, together with relevant departments, has held online training, compiled and distributed exchange rate hedging manuals, and took various measures to help enterprises improve their exchange rate risk management capabilities, and achieved positive results
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In the next step, we will continue to advance related work in terms of promoting the improvement of hedging products and services, assisting the connection between banks and enterprises, and improving the convenience of RMB cross-border settlement to help small, medium and micro foreign trade enterprises better manage exchange rate risks
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Yuan Xiaoming introduced that the Ministry of Commerce will continue to pay close attention to the changes in the situation, work with relevant departments to make sure that the foreign trade stabilization policies that have been introduced will be effective, study effective new policies, and strive to maintain the annual foreign trade operation within a reasonable range
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