BUSINESS China to lower transportation costs for foreign trade enterprises

BUSINESS

China to lower transportation costs for foreign trade enterprises

Xinhua

15:31, March 17, 2020

BEIJING - China will temporarily lower the transportation costs for import and export enterprises, as part of efforts to fast-track work resumption and keep the foreign trade sector afloat amid the novel coronavirus outbreak.

A US cargo ship docks at the Qingdao Port, Shandong province. (Photo: China Daily)

Port construction fees levied on importers and exporters will be waived from March 1 to June 30, said a circular jointly released by the Ministry of Finance and the Ministry of Transport Monday.

Relevant enterprises will also see their oil pollution damage compensation halved during the period.

Fees that have already been paid can be refunded or deducted, said the circular.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue