State Council re-deployed | Expand imports of pharmaceuticals and duty-free goods

Medical Network June 14 hearing State Council executive meeting on June 13 identified a number of measures to further expand imports, in order to promote the restructuring of the balance of people's livelihood and foreign trade balanced development.

The meeting confirmed that it supports consumer goods that are relevant to the people’s livelihood. medicine Rehabilitation, old-age care and other equipment imports. Vigorously develop emerging service trade, promote R&D and design, logistics, consulting services, import of energy-saving and environmental protection and other productive services; increase the import of technical equipment that facilitates transformation and development.

The meeting also called for improving the policy of duty-free shops, expanding the import of duty-free goods, supporting the development of new industries such as cross-border e-commerce, and letting the people really feel the benefits of tax cuts.

Experts interviewed pointed out that China has continuously introduced measures to expand imports. This is not only the need for China’s economic and consumer transformation and upgrading, but also conducive to sharing the achievements of China’s rapid economic development with other countries, which is conducive to the balanced development of China’s foreign trade.

The conference pointed out that in order to promote a mutually beneficial and win-win opening strategy, maintain free trade, further expand imports while stabilizing exports, and force domestic industrial upgrading to better meet the diverse needs of the people. The meeting was determined to meet the needs of consumer upgrading and supply upgrading. , Support daily life consumer goods, medicine and rehabilitation, pension care and other equipment related to people's livelihood.

Bai Ming, deputy director of the Institute of International Market Research of the Ministry of Commerce, told reporters in the 21st Century Business Herald that the medicines and pensions mentioned in the National Standing Committee were imported from the consumer category. This reflects that China’s import structure is constantly being adjusted to the trend. Balanced all-round import development.

'After these areas were not the focus of imports, China's imported materials have long been concentrated on major commodities such as iron ore, crude oil, and coal. Due to the shortage of foreign exchange, for a long period of time, we talked about exports being 'to spend money'. On the cutting edge, we will focus on the key raw materials and the import of key technical equipment. Now that China has sufficient foreign exchange reserves, under the background of consumption upgrades, the higher-end diversified needs of the people are becoming more urgent. The adjustment of import structure is inevitable. . '

With old age health For example, Bai Ming stated that China is rapidly entering an aging society, and people urgently need products and services in the areas of medical rehabilitation, nursing care, etc. In these areas, the development of Chinese domestic industries requires a process, while some countries abroad are ahead of others. The introduction of products and services in these areas from these countries is a pressing need for the people.

The meeting also called for vigorously developing new service trade, promoting the import and export of R&D and design, logistics, consulting services, energy-saving and environmental protection and other productive services. Increasing the import of technical equipment that facilitates transformation and development.

Bai Ming stated that the introduction of producer services and high-tech equipment is crucial to the transformation and upgrading of China's manufacturing industry and is also a requirement for China to achieve high-quality development.

'Imports from the structural point of view, China imported more attention to all-round, not just before the import of means of production, more imported consumer goods, imports of high-end technology equipment and services.'

It is worth noting, which is nearly half a month, the country often deploy measures to expand imports again in the kingdom regular session May 30 to further reduce import tariffs on consumer goods is also an important content.

Bai Ming stated that the recent high-level frequent promotion of import expansion and the international import expo in the second half of the year indicate that China is putting imports into more important positions.

He believes that this aspect is China’s own need to meet consumption upgrades and force industrial transformation and upgrading; on the other hand, it will also help reduce trade frictions, expand the spillover effects of China’s economic growth, and help other countries to share China’s economic growth dividends. To help maintain balanced development of foreign trade.

The meeting also pointed out that the implementation of measures to reduce the tax rate of some imports of goods, reduce the intermediate circulation, clean up the irrational price increases, so that the people really feel the benefits of tax cuts.

Bai Ming pointed out that in the past few years, China has repeatedly lowered import tariffs, but tariffs are only part of the circulation. From factories to Chinese families have experienced many intermediate links such as importers, wholesalers, retailers, and distributors. Circulation has become 'intestinal obstruction', so the benefits of tax reduction to the people's hands are negligible, which can not reach the original intention of tax reduction.

Take automobile imports as an example. Bai Ming stated that although China is heavily reducing taxes, if the auto channels and pricing power are controlled in the hands of dealers, the import tax cuts will become an increase in the profits of dealers and will not really benefit the people.

The meeting also called for improving the policy of duty-free shops and expanding the import of duty-free goods; optimizing the import clearance process, conducting mutual recognition of the customs' AEO) and improving the level of import trade facilitation. Cleaning up unreasonable management measures and fees in the import process. .

Bai Ming explained that China’s tax exemption has experienced many years of development and has already formed tax exemptions (for foreigners traveling to China, tax refunds for exiting), tax exemptions for entry (nationals travel abroad, picking up for return), tax exemptions for Hainan’s outlying islands, etc., but they are also facing business entities. Less (currently mainly operated by China Free Group), few duty-free shops, and inconvenient tax exempt services.

The meeting also called for innovative ways of import trade to support new business developments such as cross-border e-commerce. To strengthen the establishment of foreign trade credit system and intellectual property protection. To promote the effective interaction of foreign trade and foreign investment.