Import and export trade warms up

From January to May this year, the total import and export value of Guangzhou’s Nansha district was 73.85 billion yuan($10.75 billion), of which the import value was 40.04 billion yuan, a year-on-year increase of 14.9 percent.

Nansha achieved a total import and export value of 20.37 billion yuan in bonded logistics, a year-on-year increase of 39.9 percent, accounting for nearly 30 percent of the total value of Nansha’s economic activity.

Among those logistics the businesses of aircraft financing leases and parallel-import cars performed outstandingly with respective substantial increases of 45.7 percent and more than 300 percent. They have become the main driving force for foreign trade growth.

Thanks to optimized measures, cultural bonded exhibitions, bonded maintenance and many other things have also gradually started in Nansha, invigorating the growth of bonded logistics, continuous optimization of trade structure and promotion of foreign trade growth.

Nansha Customs has carried out a series of measures to optimize the business environment, improve efficiency and reduce costs. It also promotes the sustainable development of foreign trade.

Under the incentive of tax reduction, the import value of consumer goods in Nansha Port during the Jan-May period was about 8 billion yuan, a year-on-year increase of nearly 50 percent.

The clothing, shoes and hats, household equipment, daily chemical products and cultural and entertainment categories increased by 28.9 percent, 55.3 percent, 69.3 percent and 83.8 percent respectively.

"Great efforts made to reduce taxes will help reduce the production and operation costs of enterprises, ease the pressure on enterprises, and enhance the competitiveness of cross-border bonded goods. The decline in terminal retail prices brought by tax cuts will help further release domestic consumer demand, " said a staff member of a cross-border e-commerce supply-chain service provider.