Regions along Silk Road simplify trade procedures
June 29, 2015 Category Foreign trade, Weekly
Provinces and regions along the Silk Road Economic Belt are working together to boost trade by reducing the red tape required for exports and imports, specifically targeting inspection and quarantine regulations. The reform, which takes effect on July 1, includes the 10 provinces and regions along the 4,000 km route from Qingdao to the Alataw Pass. Initiated by the Shandong Entry-Exit Inspection and Quarantine Bureau, the reform aims to “optimize and simplify inspection and quarantine procedures between places of origin and ports of entry, which help lower the burden of companies,” said Zhou Jian’an, Director of the Shandong Bureau. An agreement signed on June 17 in the port city of Qingdao gives the green light to exported goods that already have gone through the quarantine and inspection process at places of origin, and to imported goods that have already completed the quarantine and inspection process at ports of entry. After unifying quarantine and clearance standards, tens of thousands of shipments of goods can use a simpler declaration process, reducing clearance costs for companies by 20% to 30%. The eight other participating provinces and regions besides Shandong and Xinjiang are Shanxi, Henan, Sichuan, Shaanxi, Gansu and Qinghai provinces and the Ningxia Hui and Inner Mongolia autonomous regions, the China Daily reports.
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