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Policies and Measures of Nansha District of Guangzhou Municipality for Stabilizing Foreign Trade (2022)

Updated: 2022-11-15 nansha.guangdong.chinadaily.com.cn

Normative Document No 5 [2022] of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality

Notice by the Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality on Issuing Policies and Measures of Nansha District of Guangzhou Municipality for Stabilizing Foreign Trade (2022)

All towns (street communities), departments of and agencies directly under the Nansha Economic and Technological Development Zone (Nansha district), and municipal entities in Nansha district,

Policies and Measures of Nansha District of Guangzhou Municipality for Stabilizing Foreign Trade (2022) have been approved by the administrative committee of Nansha district, and are hereby issued to you for your compliance and implementation. Problems encountered in the implementation shall be directly reported to the bureau of commerce of Nansha district.

Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality 

Aug 25, 2022

Policies and Measures of Nansha District of Guangzhou Municipality for Stabilizing Foreign Trade (2022)

In accordance with the Opinions of the General Office of the State Council on Facilitating Stability and Quality Improvement of Foreign Trade, these policies are formulated for the purposes of implementing the decisions and arrangements of the CPC Central Committee and the State Council, helping foreign trade enterprises tackle challenges, maintaining steady and high-quality growth of imports and exports, and stabilizing the economy as well as industry chains and supply chains, These policies are applicable to the enterprises and institutions that are registered and taxed in Nansha district, with their economic output and foreign trade values included in the statistics of the district according to laws. Any enterprise or institution hereinabove that engages in foreign trade in Nansha district in 2022 will be rewarded and supported.

I. Subsidy for Cross-border Transport between Guangdong and Hong Kong

For exports transported by barges from Nansha Port to Hong Kong (excluding in-transit shipments at Hong Kong port), a reward of up to 300 yuan ($43) per twenty-feet equivalent unit (TEU) will be given. This subsidy is subject to a maximum amount of 2 million yuan per enterprise and 20 million yuan in total. In case the total amount of subsidies applied for by enterprises exceeds 20 million yuan, subsidies will be allocated proportionally.

(I) In case the total amount of 20 million yuan divided by the total number of TEUs applied by the enterprise is greater than or equal to 300 yuan per TEU, a subsidy of 300 yuan will be given per TEU.

(II) In case the total amount of 20 million yuan divided by the total number of TEUs applied by the enterprise is less than 300 yuan per TEU, the subsidy will be equal to the result of 20 million yuan /the total number of TEUs applied by the enterprise * the number of TEUs applied by a single enterprise.

(III) Where the total number of TEUs applied by an enterprise is less than 30, no subsidy will be given.

II. Subsidy for COVID-19 Prevention and Control at Guangdong-Hong Kong-Macao Cross-border Freight Operation Sites

For those engaging in import and export businesses at the Guangdong-Hong Kong-Macao cross-border freight operation sites, a COVID-19 prevention subsidy of 1,000 yuan per vehicle will be given, subject to a maximum amount of 500,000 yuan per enterprise.

III. Reward for Business Growth

For each increase of $10 million in the total foreign trade value in 2022 compared with that in 2021, a reward of up to 100,000 yuan will be given. This subsidy shall be subject to a maximum amount of 5 million yuan per enterprise. The total amount allocated for this purpose is 40 million yuan.

(I) In case the total amount to be granted is less than or equal to 40 million yuan, the reward shall be allocated according to the criteria hereinabove.

(II) In case the total amount to be granted is greater than 40 million yuan, the reward shall be equal to the result of: 40 million yuan / the total amount applied by enterprises * the amount applied by a single enterprise.

IV. Support for the Exports of Self-owned Brands

For processing and trading enterprises whose self-owned brands' exports reach $10 million in 2022, a reward of 20,000 yuan for every five percent year-on-year increase will be given, with a maximum of 500,000 yuan per enterprise. The enterprise's growth rate is calculated by rounding it off to the whole number.

V. Subsidy for Export Credit Insurance

For enterprises that have obtained the provincial or municipal subsidy for export credit insurance and are insured with "short-term export credit insurance", a subsidy will be given at no more than 40 percent of the actual premium paid by the enterprise. This enterprise is subject to a maximum amount of 1 million yuan and the total subsidy amount for an enterprise shall not exceed its actual premium paid. Enterprises will be subsidized 80 percent of their actual payment of credit investigation costs if they apply for credit investigation to the insurance company. This subsidy shall be subject to a maximum amount of 50,000 yuan per enterprise.

VI. Supplementary Provisions

(I) Receivers of support herein are required to comply with national laws and regulations, operate legally, and sign a letter of commitment; where the receiver violates any commitment thereof, the granted funds hereunder shall be recovered. Enterprises that defraud governmental funds will be brought to justice.

(II) Where any project or matter that meets the requirements of policies herein is qualified for other industrial policies, special policies, and the "case-by-case" support policies of Nansha district, the largest grant will be given.

(III) These Policies shall come into force on the date of promulgation and shall remain in force until Dec 31, 2022.

Form of Disclosure: Active Disclosure

Secretariat of Office of the Administrative Committee of Nansha Development Zone of Guangzhou Municipality issued on Aug 26, 2022.

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