East China’s Jiangsu province reported double-digit growth in its foreign trade volume in January and February, latest statistics show.
Since the beginning of this year, Jiangsu has continued to reduce the circulation costs of foreign trade enterprises through a series of measures to stabilize foreign trade by streamlining administration and delegating power, reducing taxes and fees in a bid to effectively cope with the adverse impact of the global epidemic on the economy. From January to February, Jiangsu maintained double-digit growth in its foreign trade.
Taizhou-based Haiyang Technology Co., Ltd. Have been running at full capacity since the beginning of this year.
In recent years, aiming at consumers' demand for safety and energy saving in automobiles, the company has improved the impact resistance of the products by increasing the research and development of tire skeleton material cord fabric so that its products are sold to 23 countries and regions.
Mao Tairu, Assistant General Manager of Haiyang Technology Co., Ltd., said that in January and February, they recorded 30 million US dollars in export, hitting a new high, and the export of cord fabrics increased by 40% in the same period, and the export orders have been placed till June.
According to Qian Zhonghua, Deputy Commissioner of Taizhou Customs, the time spent on customs clearance is currently down about 25% from the same period last year. At the same time, the customs have accelerated the customs clearance business, helping enterprises to reduce the tax rebate cycle by about 40%, so that enterprises have more energy and time to invest in the global competition of products.
Product transportation is critical to developing markets and fulfilling contracts to stabilize market share.
In the face of the novel coronavirus pneumonia epidemic and various unstable factors in international logistics, since the beginning of this year, Jiangsu has accelerated the construction of the international logistics system and continuously expanded the new international logistics routes on the China-Europe freight trains.
Statistics show that from January to February, Jiangsu launched 329 freight trains from China to Europe and Asia, a year-on-year increase of 70.68%.
Suzhou and Lianyungang have operated daily freight trains by combining sea and rail transport to guarantee the need for import and export.
Liu Li, General Manager of Suzhou New MRT Supply Chain Co., Ltd., said that customs clearance and inspection of goods locally can improve customs clearance efficiency, in addition, combined sea and rail transport can reduce costs by about 38%, and combined sea and rail transport is expected to increase freight volumes by 15% this year.
From January to February, Jiangsu reported an import and export volume of 839.77 billion yuan, a year-on-year increase of 15.1% and 1.8 percentage points higher than the national total.
The export of mechanical and electrical products came at 348.68 billion yuan, accounting for 66.8% of the total export and standing for a year-on-year increase of 12.8%.
