General

According to data from Qianjiang Customs, from January to October, the total value of Hangzhou's foreign trade import and export was 638.56 billion yuan, a year-on-year increase of 6.5%. However, in the face of challenges such as declining external demand, exchange rate fluctuations, and sharp drop in orders, Hangzhou foreign traders still need to face up to difficulties.

The more difficult it is, the more we move forward. Seizing the favorable policies such as the effective implementation of RCEP, business charter flights, and development opportunities such as cross-border e-commerce and digital trade, our city's foreign trade enterprises have shown strong resilience. The government has also strengthened analysis and judgment to increase the demand for enterprises. To solve the common problems, the government and enterprises jointly promote the high-quality development of foreign trade in our city.

Do everything possible to break into the market

Riding the Dongfeng business charter flight, in October this year, Hangzhou Light Industry Craft Textiles Import and Export Co., Ltd. formed a team of 7 people to go to the Netherlands. During the 20-day trip, they visited dozens of customers in the European market and gained a lot. Orders and market updates. While stepping up to turn the orders harvested in the Netherlands into products, last Sunday, the company took a business charter flight to the Netherlands for the second time, and started the journey of "stabilizing orders" against time without stopping.

At the moment when overseas exhibitions are gradually resumed offline, returning to the international exhibition and sales stage is a strong demand of the majority of foreign trade enterprises. "If you can't go abroad for face-to-face negotiations, the market competitiveness will be greatly reduced, and the loss of original customers and orders will be inevitable." Zhang Jin, director of the company's office, said.

In order to solve the urgent needs of enterprises as soon as possible, this year, the "Overseas Hangzhou" overseas self-organized exhibition resumed in the form of "digital + physical". The combination of flights escorts enterprises to "go out, negotiate well, and return", and brings confidence to foreign traders that is more important than gold. According to customs data, as of the end of September, Hangzhou has held 10 overseas self-organized exhibitions, with a total of 1,775 companies participating in the exhibition, with a total of 2,319 booths and an intended transaction of 5.5 billion yuan.

In August of this year, 21 foreign traders from Hangzhou took a business charter flight to Jakarta to participate in the exhibition

With the effective implementation of RCEP, the potential of emerging trade markets has been further stimulated. As one of the leading petrochemical industry groups in the province, the polyester products and plastic products produced by Hengyi Petrochemical are exported to Japan, Thailand, Vietnam and other RCEP member countries. According to the RCEP tax reduction arrangement, the company can enjoy a tariff reduction of 3.1% to 2.5% for one product of "other polyethylene terephthalate chips" exported to Japan. According to customs data, from January to October, Hengyi Petrochemical obtained a total of 126 RCEP certificates of origin, involving a value of 126 million yuan.

Grasping the opportunity of RCEP, customs data shows that foreign trade enterprises in our city continue to extend the international industrial chain supply chain and enhance their international competitive advantages. "In addition to exporting goods that can enjoy tariff reductions, we can also enjoy a 5% agreed tax rate on raw materials imported from Singapore, which is 0.5 percentage points lower than the most-favored nation tax rate." Li Mengna, customs officer of the International Sales Department of Zhejiang Hengyi Petrochemical Co., Ltd., said, "Export Commodities enhance market competitiveness, imported raw materials enjoy real discounts, and we have truly taken advantage of the 'dongfeng' of RCEP!"

Recruitment of new business forms

On the day of "Double Eleven" this year, Hangzhou Zibuyu Group was listed on the Hong Kong Stock Exchange. From its establishment in 2011 to its comprehensive shift to cross-border e-commerce in 2013, relying on its operating experience and supply chain advantages, Zibuyu realized its "listing dream" in ten years.

More and more companies are turning their attention to new formats and models, and Hangzhou is also committed to serving more companies and brands to carry out cross-border e-commerce business. After learning about the export mode of overseas warehouses in a presentation on the enterprise entry policy of Qianjiang Customs, customs data shows that in June this year, the VR game device of Hangzhou Virtual Reality Technology Co., Ltd. was exported to overseas warehouses for the first time through cross-border e-commerce (9810) Model export declaration, through the pre-stocking of overseas warehouses, the goods are delivered to overseas consumers faster, and now more than 90% of the company's cross-border e-commerce exports are exported in overseas warehouses.

During Double Eleven, the busy scene of Hangzhou Comprehensive Bonded Area

At present, the rapid rise of a new generation of information technology represented by big data, cloud computing, Internet of Things, and artificial intelligence is promoting the digital transformation of international trade. Hangzhou not only taps incremental data, but also sees quality in systems.

Grasping the opportunity of the first Global Digital Trade Expo, Hangzhou is making every effort to build a digital free trade zone, focusing on building a digital industry cluster area, a digital financial innovation area, a digital logistics pioneer area, and a digital regulatory benchmarking area to build digital trade The "five major" systems of industry, platform, ecology, system and supervision have built ten major achievements, including a world-class cross-border e-commerce demonstration center, a global cross-border payment highland, and a comprehensive data development and utilization demonstration highland, providing a basis for the country to formulate rules in the field of digital economy The promotion experience can be replicated.