NingboLife and NingboExpat since 2004 - Ningbo taking measures to promote foreign trade

Ningbo taking measures to promote foreign trade

Details: Category: Governmental News; Published: Monday, 02 April 2012 12:58

To encourage qualified foreign enterprises and export bases to get upgraded to national-level demonstrative foreign trade bases, to build an international marketing network, to expand the international market, and to allocate a special fund of 90 million yuan to help foreign trade enterprises in their structural adjustment,…all these are part of the measures Ningbo is taking for the improvement of the quality of foreign trade.

"The 12th Ningbo Congress of Party Representatives has set up the goals of the opening economy of Ningbo in the time to come. We will vigorously promote the economic transform and update," said Yu Danhua, director of Ningbo Foreign Economic Cooperation Bureau. In 2012 Ningbo will take action to improve the quality of foreign trade, accelerate the industrial transformation and upgrading and maintain the leading position in Zhejiang and even the country.

At present, Ningbo has completed the construction of Ninghai Stationery Production Base and Yinzhou Clothes Production Base. In 2012, Ningbo will encourage qualified foreign enterprises and export bases to get upgraded to national-level demonstrative foreign trade bases. By the end of the 12th Five-year-plan Period, Ningbo will build five key export bases whose annual export each will exceed 1 billion US dollars making them new growth point for the foreign trade of Ningbo.

In order to build a well-linked marketing network, the city will encourage enterprises to obtain international brands by means of mergering, joint venturing, leasing and agentship so as to increase the export value of Ningbo-made products. In the meanwhile, the city will build a public service platform for foreign marketing and encourage more enterprises to set up their marketing bases in foreign countries.

In order to promote the quality of foreign trade, the city will implement programs like strengthening coordination of the government and enterprises, giving financial support to growing foreign trade enterprises and giving advice to foreign trade businesses and so on.