China’s Foreign Trade Gains Momentum

China’s Foreign Trade Gains Momentum

Data released by CCPIT shows that from January to March this year, the national trade promotion system has cumulatively issued a total of 1,549,500 certificates of origin, ATA carnets and other types of certificates, a year-on-year increase of 17.38 per cent over the previous year.” This reflects the good momentum of China’s foreign trade development since this year, which makes us more confident in achieving the goal of ‘stable quality improvement’ in foreign trade for the whole year.” Zhao Ping said.

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Certificate of origin is a document proving the origin of goods, and its issuance is regarded as a “barometer” of foreign trade. According to the data, the total visa amount of non-preferential certificates of origin of NCPIT is US$84.931 billion, an increase of 2.47 per cent year-on-year. The total visa amount of preferential certificates of origin of NCPIT is US$16.121 billion, with a growth of 4.73 per cent as compared with the same period of last year.

 

The visa amount of RCEP certificate of origin of the national trade promotion system totalled 1.666 billion US dollars; and the number of visas totalled 54,000. Zhao Ping introduced, the national trade promotion system RCEP certificate of origin visa amount and visa volume double growth, indicating that RCEP brought trade dividends continue to release, foreign trade enterprises to obtain tangible benefits.

 

The ATA Carnet is an internationally used customs clearance document, created by the World Customs Organisation for the temporary entry and exit of goods, also known as the “Passport for Customs Clearance of Goods”. From January to March, the national trade promotion system issued a total of 2,954 outbound ATA Carnet, a year-on-year increase of 73.66%. The value of goods covered by the ATA Carnet was about 806 million yuan. According to the visa volume ranked the top five destination countries (regions) were Germany 518, Italy 407, Hong Kong, China 363, the United States 332 and Russia 197. ”The continuous growth in the number of ATA carnets issued reflects that the continued high motivation and enthusiasm of Chinese enterprises to expand the international market, and foreign trade activities such as overseas publicity and exhibition and business exchanges continue to be strengthened.” Zhao Ping said.

 

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Post time: May-22-2024

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