Huzhou in East China's Zhejiang province recently announced a raft of measures to stabilize its foreign trade growth.

One of the measures involves helping foreign trade companies slash costs. For example, the city will be waiving fees for delayed declaration of imports. The tax interest for domestic sales of processing trade goods will also be temporarily exempted.

In addition, local authorities will ensure the smooth operation of the logistics supply chain. Specifically, steps will be taken to further streamline custom clearance procedures and help enterprises increase transportation capacity by utilizing the "sea-river" or "sea-rail" combined transport models.

Efforts will also be strengthened to help local companies reap dividends from the implementation of the RCEP agreement.

In addition, a green channel for the exports of COVID-19 vaccines and detection reagents will be set up in the city.

Micro, small and medium-sized companies will also be encouraged to seek growth by leveraging the market procurement trade model and more.

The city plans to enhance statistical monitoring and analysis so as to provide data support for companies' market expansion.

Authorities will help more local enterprises be included in the Authorized Economic Operator (AEO) programs and set up a mechanism which can help foreign trade companies solve difficulties more efficiently.