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Nanyang's total import and export value exceed 12 billion yuan last year

chinadaily.com.cn

2021-02-18

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According to Nanyang Customs, during the 13th Five-Year Plan period, the total annual import and export value of Nanyang city increased from 10.76 billion yuan ($1.67 billion) to 12.86 billion yuan, with an average annual growth rate of 3.9 percent, of which the average annual growth rate of imports was 11.8 percent.

During the period, Nanyang Customs continued to optimize the business environment and deepened reform of the administrative examination and approval system.

Required import and export link supervision documents were reduced from 86 to 41, and the overall customs clearance time was greatly shortened.

The policy of tax reduction and fee reduction was strictly implemented. The cost of customs clearance has dropped significantly, and the sense of benefit obtained by foreign trade companies' policies and measures has been improved while delegation of control and service has been promoted, all of which has mobilized the enthusiasm of companies to explore the international market.

Especially from 2016 to 2019, the city's imports and exports grew rapidly, with an average annual growth rate of 12.6 percent. As a rising star in 2020, mechanical and electrical products are expected to have a total annual import and export value of 2.89 billion yuan, a year-on-year increase of 16.2 percent.