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Efficient Clearance System Seeks to Reduce Trade Costs

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Efficient Clearance System Seeks to Reduce Trade Costs

by CFO Innovation Asia Staff, 22 October 2010
topics:
Management
tags:
exports imports trade
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To reduce trade costs and speed up the transit of goods, China's Urumqi Customs is putting in place procedures that will facilicate clearance for exported or imported goods passing through the Xinjiang Uygur autonomous region, reports the China Daily.

 

According to the Daily, clearance for low-risk goods will be more efficient as it will be done automatically by computer.

 

Citing official figures, the Daily notes that Xinjiang's foreign trade rose 15.3% to $11.3 billion in the three quarters ending Sept 30 from a year ago.

 

 

MORE ARTICLES ON TRADE

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Customs to make life easier for businesses in Xinjiang
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CFO Innovation Asia Staff
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