China unveils new measures to further improve business environment, streamline customs clearance

China

China unveils new measures to further improve business environment, streamline customs clearance

2024-12-06 17:26 Last Updated At：12-07 00:47

China's General Administration of Customs (GAC) announced 16 new measures on Thursday, aiming to further improve the business environment at ports of entry and streamline customs clearance processes.

The measures focus on four key areas: fostering new drivers for foreign trade, promoting the import and export of high-quality goods, reducing costs and improving efficiency for foreign trade enterprises, and facilitating cross-border trade.

"In the first three quarters of this year, cross-border e-commerce imports and exports reached 1.88 trillion yuan (approximately 259 billion U.S. dollars), an increase of 11.5 percent. The implementation of preferential policies in special supervision areas such as facilitating the repair and remanufacturing of specific products in certain industries has demonstrated a positive impact on fostering new growth points for foreign trade," said Lin Shaobin, head of the General Operations Department at the General Administration of Customs.

The newly released measures place a strong emphasis on fostering new growth drivers for foreign trade. In recent years, the structure of China's import and export commodities has undergone continuous optimization and upgrading, with products characterized by high technology, high added value, and leadership in green and low-carbon transformation showing strong growth momentum.

Additionally, the measures aim to enhance support for border trade by facilitating the on-site processing of imported goods and promoting the diversified development of border trade activities.

ROK president reiterates firm adherence to one-China principle

South Korean President Lee Jae Myung said on Wednesday that Seoul firmly adheres to the one-China principle, in comments made ahead of his upcoming state visit to China.

The remarks were made in an interview with China Media Group (CMG). The visit is scheduled for Jan 4–7.

"The consensus reached between governments of the Republic of Korea and China when diplomatic relations were established continues to be the fundamental principle governing our relations, and its effectiveness remains steadfast. I want to clearly state that the ROK has always adhered to the one-China principle. Maintaining peace and stability in regional matters, including in Northeast Asia and concerning the Taiwan issue, holds significant importance to us," said Lee.

"The foundational relationship between the ROK and China was established on a very principled and fundamental basis from the beginning. It is clear that the ROK government has always adhered to this position and has never wavered from it. I believe that the sound development of ROK-China relations depends on both sides fully respecting each other's core interests and being mutually tolerant of each other's positions. In this context, we will, as always, uphold the one-China principle as the Taiwan issue is China's most fundamental concern," he said.