The local authorities in south China's Guangxi Zhuang Autonomous Region recently introduced 29 specific measures aiming at further strengthening trade facilitation in Guangxi Pilot Free Trade Zone (FTZ), reported Guangxi Daily Thursday.
The measures are concerning with five significant aspects, namely customs clearance facilitation, tax regulations, border trade supervision, port operation, and intelligent port management.
Priorities will be given to simplifying customs clearance procedures, optimizing the process of goods inspection and quarantine, and enhancing the intelligence of ports, said the measures.
In addition to the stimulated customs procedures, Guangxi is also committed to expanding international cooperation by improving port capacity in Qinzhou Port, as well expanding cooperation in Authorized Economic Operator (AEO) mutual recognition with the ASEAN countries.
Guangxi pledges to promote cross-border e-commerce export tax rebates and paperless processing, while local banking institutions will increase credit lines for cross-border traders to create a tax and financial environment that benefits enterprises.
To strengthen the supervision of border trade, Guangxi will innovate the supervision mode of border trade clearance at Pingxiang, the land port of the new western land-sea corridor, such as issuing a negative list of border trade and enhancing the inspection of fresh agricultural products.
The measures are expected to help Guangxi improve the level of cross-border trade facilitation and promote the development of international trade and border trade, according to the local authority.