China to Further Reduce Trade Logistics Costs
China will continue to reduce logistics and transportation costs for traders to accelerate the country’s recovery from the COVID-19 pandemic, according to a June 3 report from Xinhua, China’s state-run news agency. The measures, introduced in part by the Ministry…
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of Transport, emphasize the use of electronic certificates and call for “facilitation of customs clearance” in the railway sector, the report said. China will also continue to lower fees and taxes related to logistics. China previously lowered transportation costs for traders (see 2003190039).