Cross-Border Trade: Gov't debuts import/export efficiency measures

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01:48

New measures aimed at enhancing cross border trade have been released. China's State Council Information Office says that it hopes to make the inspection process at border checkpoints quicker and more efficient. CGTN takes a closer look.

The latest phases of China's opening up are unfolding more and more at its borders. The government this week rolls out new measures on cross-border trade and optimizing the business environment at its ports. Those measures include simplifying regulatory documents, optimizing inspection processes, lessening clearance time and reducing overall costs.

ZHANG GUANGZHI HEAD OF NATIONAL OFFICE OF PORT ADMINISTRATION "Goods should be reported ahead of time. Goods that do not need inspection can be released right after they arrive at ports. Also, goods with tariff insurance can pay taxes and fees AFTER, rather than BEFORE passing through the gate."

The government plans to cut import and export clearance time by one third. Experts say by late 2021, the time will be cut in half. In terms of costs, the days are numbered for charging multiple items separately, and high charging standards.

ZHANG GUANGZHI HEAD OF NATIONAL OFFICE OF PORT ADMINISTRATION "Openness enables fairness. Competition inspires vitality. We shall clean up non-compliance charges. By the end of October, the local port charges list will be publicized. There should be no more charges separate from what's on the list."

Compliance costs for imported and exported containers are expected to drop by an average of 100 US dollars based on 2017 prices. The government is making continuous efforts to facilitate cross-border trade and port business.