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Shaoxing foreign trade on fast track

chinadaily.com.cn| Updated: September 9, 2023 L M S

A shipment of beta-carotene produced by Zhejiang Xinhua Cheng Co recently cleared customs and is set to embark on its voyage to Brazil via sea.

Thanks to the mutual recognition of Authorized Economic Operator (AEO) status between China and Brazil, the company's goods now benefit from expedited customs supervision services both domestically and abroad.

This has resulted in a substantial reduction in inspection rates and a noticeable decrease in customs clearance times upon arriving in Brazil.

"As China's trade relations with other BRICS countries continue to heat up, our company has promptly seized the opportunity, cultivated relevant markets, and enhanced customer loyalty. We anticipate that our export growth this year will exceed 40 percent," stated Zhang Jing, deputy manager of customs affairs at Xinhua Cheng.

From January to July this year, Shaoxing exported goods worth 25.58 billion yuan ($3.51 billion) to four BRICS nations: Russia, Brazil, India, and South Africa. This accounts for 11.6 percent of the city's total exports, reflecting a year-on-year increase of 19.7 percent and surpassing the city's overall export growth rate by 5.4 percentage points.

Officials from Shaoxing Customs emphasized their commitment to helping businesses take full advantage of favorable policies. They pledged to maintain open channels of communication between government and enterprises while addressing any bottlenecks in the import and export processes.