Shishi Garment City’s market procurement trade export volume increased significantly in the first four months
Statistical data from the Quanzhou Customs Office in Shishi shows that, catalyzed by favorable policies, the performance of the Shishi Garment City Market Procurement Trade Pilot has achieved continuous substantial growth, outpacing the “acceleration” of foreign trade. Statistics show that from January to April this year, the purchasing trade volume of the Shishi Garment City Market, which has been in operation for two and a half years, was 11.58 billion yuan, a year-on-year increase of 1.4 times.
As a new type of trade, market procurement trade has the characteristics of multiple varieties, small batches, and multiple batches of transactions. Compared with the general trade method, this trade method has policy advantages such as low entry threshold, simple declaration procedures, fast customs clearance and export, non-refundable value-added tax, and allowing multiple entities to collect foreign exchange. It reduces the difficulty of export declaration and reduces the number of declarations. The probability of errors is eliminated, which solves merchants’ trade problems such as small orders, miscellaneous goods, many types, and difficulty in obtaining VAT invoices.
As the first national-level procurement trade pilot in Fujian Province, the Shishi Garment City market has shown rapid development, effectively promoting the construction of a new export-oriented business pattern of “buying nationwide, selling globally”, and providing a high-end foreign trade platform for Shishi and even QuanzhouQuality development injects new momentum. At present, the main export commodities of the Shishi Garment City Market Procurement Trade Pilot are mechanical and electrical products, ceramic products, plastic products, footwear, textiles and clothing, etc. As of the end of April 2021, 1,464 new purchasing entities have been registered in the Shishi Garment City pilot market, bringing the total to 25,475.
The relevant person in charge of Quanzhou Customs stated that they will further innovate the pilot supervision method of procurement trade, continue to optimize the business environment, work closely with local commerce and other departments, and help enterprises expand the “One Belt and One Road” Emerging country markets and RCEP member countries’ markets, explore the integrated development of market procurement and cross-border e-commerce and other new foreign trade formats, and give full play to the advantages of “market procurement +” policy linkage , to help new foreign trade formats such as market procurement, trade and export continue to improve.
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