The General Administration of Customs (GAC) and the Hunan Provincial People’s Government reached a memorandum of understanding (MoU) on cooperation in Beijing on April 25, 2021.

According to the MoU, GAC will carry out 16 measures to support Hunan to implement the Three Highlands and Four New Missions Strategy. In detail, it will support Hunan’s development in advanced manufacturing and emerging industries with strategic significance, including engineering machinery, rail transit, aerospace, and biological medicine. It will support bonded maintenance service in bonded areas. It will assist Hunan in establishing customs clearance cooperation with foreign customs and the coastal and border regions of China, and exploring new trade pattern with African countries under the framework of pilot free trade zones.

Changsha Customs has rolled out 21 measures to push forward implementation of the Three Highlands and Four New Missions Strategy, and give full support to the construction of the Hunan Pilot Free Trade Zone. It will fulfill GAC’s deployments and requirements, do good jobs in the implementation of the MoU, and support Hunan’s high-quality of open economy, said Li Quan, director of Changsha Customs. Next, it will continue to solve customs-related problems and difficulties of foreign trade enterprises, and assist them to “go global” and “bring in”.

In recent years, Changsha Customs has provided great supports to Hunan’s advanced manufacturing development, such as engineering machinery and rail transit. Statistics shows that, in the first quarter this year, Hunan-based key technology and equipment manufacturing enterprises has enjoyed reduction or exemption of import tax amounting to 219 million CNY, taking up 97% of the total tax reduction and exemption. In the first three months, Hunan saw considerable growth in advanced manufacturing export. The export value of engineering machinery hit 1.14 billion CNY, up 17% over last year. As for the rail transit industry, 420 million CNY of automobile and parts were exported, up 106.9%.
 
This article is from Hunan Provincial Government www.enghunan.gov.cn.

Translator: Pang Yuehui

Chinese source: Voice of Hunan