Chengdu, the first pilot market procurement trade mode in western China, started.

On March 28th, the first goods exported by market procurement in Chengdu were cleared by Qingbaijiang Customs at Chengdu Customs. The goods, valued at $148,000, will be exported to Poland on the China Europe train (Chengdu).

In September 2018, Chengdu International Trade City was approved as the fourth batch of pilot markets for market procurement and trade methods in China. This is the first pilot export trade after approval. The main commodities are men’s cotton-padded jacket and women’s leisure suits.

The trade mode of market procurement refers to the trade mode in which qualified business operators purchase goods in the market gathering area recognized by the national commerce authorities and other departments, and the value of goods with a single ticket declaration form is less than 150,000 US dollars (including 150,000 US dollars), and the export goods are cleared at the place of purchase. Fourteen cities in four batches were approved for pilot projects. jinniu district, Chengdu, where Chengdu International Trade City is located, is the first and only pilot project in the western region.

According to the relevant person in charge of Chengdu Customs, the goods purchased in the market have the characteristics of "single small goods and miscellaneous goods". In this way, small and micro businesses can also participate in foreign trade. Zhou Lizhi, chief economist of Chengdu Municipal Bureau of Commerce, said that the pilot of market procurement trade mode also has five policy advantages: implementing VAT exemption, facilitating customs clearance, innovating exchange system, improving supervision ability and lowering entry threshold.

The relevant person in charge of Chengdu said that Chengdu will take the pilot market procurement trade mode as an opportunity to strengthen trade exchanges with countries and regions along the "Belt and Road" and continuously expand the pan-Eurasian international market.(Reporter   Zhang Minghai)