State Council Issues Opinions on Supporting Domestic Sales of Export Products

The General Office of the State Council recently issued Opinions for supporting the domestic sales of export products (Guo Ban Fa No. 16 [2020]) in a move to implement the central authorities’ deployment of “six stabilities” and “six guarantees”. While encouraging foreign trade companies to expand their international market, support is given to them to sell marketable export products on the domestic market in a bid to help them tide over difficulties and promote the basic stability of foreign trade. Local government departments and all ministries and commissions of the State Council and all institutions directly under the State Council are asked to play their role in providing government guidance in supporting the domestic sale of export products, help foreign trade companies overcome difficulties and ensure the smooth running of industry chains and supply chains to keep foreign trade and foreign investment stable. Other main points of the guidelines include supporting the entry of export products into the domestic market, supporting the switch to domestic sales via multiple channels, and increasing the intensity of support.

Source: State Council