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7 million yuan set aside as special fund for foreign trade enterprises in Zhenhai District

At present, middle and small foreign trade enterprises find themselves in such a tense operating environment, suffering from the double attack from home and abroad. Statistics show that the export volume has been decreasing in the past two months in Zhenhai District. To solve this problem, the District has carried out a range of supporting policies in foreign trade and economy, such as providing a special fund to promote the transformation and upgrading of industries and to accelerate the enterprises' "going out" strategy.

Firstly, enterprises can get policy subsidies if they take part in all kinds of comprehensive or specific exhibitions or fairs. Then, enterprises are encouraged to invest abroad, and they will be awarded if they establish agencies or even industrial firms abroad. Finally, support will be given to the enterprises that attempt to expand their overseas marketing network, such as setting up marketing agencies, marketing nets and public marketing service platform.

The fund can also be used to encourage the enterprises to develop their own brands and improve the competitiveness of their products. For the enterprises listed in the "key export brands to be fostered and developed by the Ministry of Commerce" and "key export brands to be fostered and developed in Ningbo", the fund will award them 200,000 yuan and 50,000 yuan respectively. In the meanwhile, in view of the current market environment home and abroad, the fund encourages the foreign trade enterprises to take the export credit insurance. For those enterprises in the District to take this insurance while engaging in exports, the fund will give them a subsidy of 50% of the insurance premium

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