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Hunan Issues Measures to Support Foreign Trade amid COVID-19 Outbreak

Updated: 2020-02-14

In order to effectively solve the production and operation difficulties of foreign trade enterprises under the current situation and promote the high-quality development of foreign trade in the whole province, the Hunan Commerce Department issued Several Measures to Actively Respond to Novel Coronavirus (COVID-19) Pneumonia to Support the Stable Development of Foreign Trade Enterprises on February 13.

Eight measures are put forward, including:

-Supporting foreign trade enterprises to resume work and production;

-Strengthening comprehensive foreign trade services;

-Strengthening financial services for foreign trade enterprises;

-Providing legal aid for trade disputes;

-Increasing support for export credit insurance (ECI);

-Supporting enterprises to develop international markets;

-Actively expanding imports; and,

-Supporting the steady development of new form of foreign trade.

Translator: Kuang Zhenzhen

Chinese source: hunan.gov.cn