Preferential Policies Buoy 3rd CIIE

Preferential policies have been released to guarantee a successful and safe China International Import Expo (CIIE).

The Ministry of Finance, the General Administration of Customs and the State Taxation Administration jointly announced a policy on Oct 14 by which CIIE exhibitors will enjoy  exemptions in customs duties, value-added taxes and consumption taxes.

During previous CIIE events, the customs duties for products sold were exempted by up to 70 percent.

Yu Yongzhi, general technical sales manager of Wirtgen Group's road construction and maintenance department in China – the first exhibitor to arrive at the CIIE, said that the tax-free policy directly reduces import costs, which benefits the foreign exhibitors.

According to Wang Zhigang, a researcher of the Chinese Academy of Fiscal Sciences, items are classified into six categories, making it easier for exhibitors to figure out tax exemption quotas.

Preferential policies on paperless customs declarations have also been released to support the CIIE.

The Shanghai Customs District said that it will continue to provide high-quality services while strengthening epidemic prevention and control at the port.

A smart security check system has been used in electronic health application and inbound checked-in baggage is examined in advance, which improves the efficiency of customs clearance.

A total of 114 groups of exhibits had completed customs clearance procedures by Oct 20.

The Shanghai police department plays a role in intellectual property rights (IPR) protection to protect CIIE exhibits.

It has joined hands with local market supervision departments to learn about IPR protection demands of nearly 40 Shanghai-based foreign enterprises, exhibitors and CIIE sponsors and taken appropriate measures.

What's more, the Shanghai police department, working together with administrative supervision and management departments, has built a joint case-handling mode by optimizing systems of evidence notification, information sharing, case transference and joint enforcement.

Crackdowns on manufacturing, transporting, storing and selling fake goods have been carried out by the Shanghai police, international police organizations and public security departments in other provinces.

(Executive editor: Wang Ruoting)