SHENZHEN – In a bold move to fortify its position as a global trade hub, Shenzhen has unveiled an ambitious work plan designed to harmonize domestic and foreign trade practices. This strategic initiative aims to streamline regulations, foster innovation in emerging industries, and solidify the city’s role within the Greater Bay Area’s (GBA) economic landscape.
The “Several Measures to Accelerate the Integration of Domestic and Foreign Trade” is a response to the evolving economic climate and the need for a more cohesive trade environment. By aligning with international standards and adopting advanced foreign practices, Shenzhen is poised to enhance the consistency of its trade regulations. The plan includes the development of supply chain standards that resonate with global practices, particularly in areas such as information management, logistics operations, and commercial services.
Central to this initiative is the establishment of a standard system for strategic emerging industries and future industries, which will serve as a cornerstone for sustainable economic growth. Shenzhen is also set to nurture an alliance in standards innovation, a move that will encourage enterprises and social organizations to lead or participate in the formulation of international standards.
The work plan outlines key tasks to promote the integration of domestic and foreign trade rules and systems. These include optimizing product quality consistency, breaking down local protectionism, and ensuring a smooth flow of resources. The city government is committed to enhancing compliance guidance for platform economies and enforcing measures against unfair competition.
Inspection and certification processes will also see a revamp, with the introduction of green channels for mandatory product certification for exports turned into domestic sales. This “one-stop” service approach is expected to benefit both domestic and foreign trade enterprises significantly.
Shenzhen’s proactive stance extends to regulatory coordination, where efforts will be made to facilitate a unified national market. The city will support the alignment of inspection and certification rules with the Hong Kong and Macau regions, promoting mutual recognition of results.
The work plan is a testament to Shenzhen’s dedication to achieving higher levels of openness and quality development. By promoting coordinated development of domestic and foreign trade, imports, and exports, the city is on track to become a globally influential consumption center. This comprehensive strategy underscores Shenzhen’s commitment to serving and integrating into the new development pattern, enhancing its ability to utilize both domestic and international markets and resources. (zai)