Foreign Trade Updates
Shenzhen duty-free shops launched online booking & airport pickup service (first transaction on Apr 1). Huanggang Customs optimized supervision with real-time verification & simplified review. Q1 duty-free docs 858 (up 17.1%), value 1.21B yuan (up 32.8% YoY).
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On March 31st, Hengli Shipbuilding (Dalian) delivered the 114000-ton oil tanker "P114K-4" under Dalian Changxing Island Customs supervision, marking Dalian's first 100000+ ton product oil tanker export. In Q1, Dalian's Changxing Island exported 14 new ships (5.263b yuan), up 6x and 10.2x YoY. Customs adopted facilitation measures for efficient clearance.
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China's first special administrative regulation on industrial chain and supply chain security fills legislative gaps, strengthens risk warning/emergency management, addresses internal/external risks, promotes core tech breakthroughs, and enhances industrial resilience, responding to global challenges.
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The Ministry of Commerce and six other departments issued "Guiding Opinions on Better Serving the Real Economy and Promoting High-quality E-commerce Development" with 16 measures in 5 aspects to boost e-commerce's high-quality development and serve the real economy.
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In the first two months, China's total service import and export reached 1143.07 billion yuan, with exports up 4.7% year-on-year. Knowledge intensive services accounted for 42.5% of the total (up 0.3pp), and travel was the largest sector with exports growing 22.5%.
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The State Administration of Foreign Exchange revised China's balance of payments since 2019, improving transport and cross-border e-commerce trade statistics for accuracy. Adjustments stabilize current account surplus, aiding macro decision-making.
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Faced with complex international trade situation, China stabilizes foreign trade via CCPIT enhancing "Thousand Group Overseas" initiative, supporting enterprises in overseas exhibitions and market expansion. Jan-Feb foreign trade grew 18.3% YoY; outward investment is steady, with global enterprises optimistic about China's opportunities. Policies release dividends to safeguard enterprises' stable development.
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On April 2nd, Shenzhen Customs cleared the first batch of cross-border e-commerce export goods under the "inspection before shipment" mode, marking its official implementation. The mode benefits enterprises by reducing costs and improving clearance efficiency, with customs using AI tech for supervision, and will promote related policies.
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In Q1 2026, Gansu (Wuwei) International Land Port operated 10 international freight trains (1009 TEUs, 11000 tons, 123 million yuan), matching 2025's annual volume. As a Silk Road hub, it's supported by 7×24 customs clearance; its network covers 6 channels (China-Europe, Central Asia) reaching 22 countries/46 cities.
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On April 2, the first batch of yak bone porcelain products from a Tibet farmers' cooperative was exported to Hong Kong, assisted by Lhasa Customs. This order, with local cultural value, aids rural revitalization and stable income for farmers. Lhasa Customs will keep supporting Tibet's characteristic products to go global.
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On April 1st, a batch of 80-ton canned tomato sauce passed Yuyao Customs inspection for export to Nigeria, marking the national canned food export "batch inspection" reform pilot landing in Ningbo. Zhejiang first used this mode to supervise processed food exports, improving clearance efficiency. Ningbo Customs’ canned tomato sauce exports in Q1 rose 113.96% in volume and 77.76% in value YoY.
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The article discusses the EU's recent free trade agreements with Mercosur, India, and Australia, their core reasons (boosting confidence, de-risking, responding to US pressure), impacts (exacerbating multilateral trade fragmentation, advancing strategic autonomy), and implementation challenges (approval hurdles, unequal benefits).
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