8868体育-体育直播频道

position: EnglishChannel  > Policy> New Measures to Boost Offshore Trade

New Measures to Boost Offshore Trade

Source: Science and Technology Daily | 2024-02-21 16:34:19 | Author: Li Linxu

By LI Linxu

In its latest move to promote high-standard opening up, China has rolled out a new preferential policy in the China (Shanghai) Pilot Free Trade Zone (FTZ) and the zone's Lingang Special Area.

Offshore trade in these areas will be exempt from stamp tax during trial, effective from April 1, 2024 to March 31, 2025, according to a circular jointly issued by the Ministry of Finance and the State Taxation Administration.

Entities registered in these areas conducting offshore trade business will benefit from the new policy.

Offshore trade refers to services associated with the trading of goods which are purchased from a non-resident enterprise and then sold to another non-resident enterprise without the goods ever entering or leaving the country.


China (Shanghai) Pilot Free Trade Zone.?(PHOTO:?XINHUA)

The development of offshore trade, an important business model in FTZs, reflects an FTZ's competitiveness in international market, as well as its capability in global market resource allocation.

In recent years, offshore trade has been booming in China's FTZs. In Lingang Special Area, its offshore trade scale doubled each year in the last two years, according to the latest statistics.

Notably, in 2021, the Lingang Special Area rolled out 24 measures to support offshore trade, focusing on cultivating offshore trade industrial clusters, facilitating international settlement and financing, and innovating regulation models.

Last December, the State Council approved a general plan for advancing institutional opening-up of the China (Shanghai) Pilot FTZ in alignment with high-standard international economic and trade rules.

In response to the plan, Shanghai issued a detailed implementation program last month.

This month, the city released its latest version of an action plan to build a world-class business environment, vowing to build the Lingang Special Area into an institutional innovation highland for business environment.

The exemption of stamp tax in the pilot areas is an important step to align with high-standard international economic and trade rules. It will cut costs for offshore trade and attract more investors to do offshore trade in these areas.

Editor:李林旭

Top News

  • ?Deep Sea No. 1, China's first independently developed ultra-deepwater gasfield, has recorded a cumulative natural gas output exceeding 10 billion cubic meters and over one million cubic meters of condensate oil. In 2024 alone, the field produced more than 3.2 billion cubic meters of natural gas, marking the third consecutive year of annual production surpassing three billion cubic meters.

On the Road to Making Music

A major road that plays music has gone viral. As part of national highway G333, Yaxue Road, located in northeast China's Heilongjiang province, spans approximately 95.85 kilometers. The road features four segments of musical roads along its route. As vehicles drive over these sections, different songs can be heard.

抱歉,您使用的浏览器版本过低或开启了浏览器兼容模式,这会影响您正常浏览本网页

您可以进行以下操作:

1.将浏览器切换回极速模式

2.点击下面图标升级或更换您的浏览器

3.暂不升级,继续浏览

继续浏览
XML 地图 | Sitemap 地图