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Government safety shoes manufacturing industry deregulation

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  Processing trade enterprises to ease the financial pressure, maintaining steady growth of foreign trade, the Ministry of Commerce in conjunction with the General Administration of Customs on November 21 jointly issued Notice No. 97 of 2008 to adjust the processing trade restricted deposit account "real change" policy. It is reported that the new policy has made three major adjustments: First, the 17 furniture commodity code from the processing trade restricted directory is removed; second is suspended, "the Ministry of Commerce General Administration of Customs in 2007 Notice No. 44" attached processing restricted category of all categories of goods exports and imports of 1853 tariff commodities in textile products 260 tariff lines, palm oil 4 tariff, sugars eight tariff lines, a total of 2125 tariff lines of ten commodities deposit account "real change" policy; Third, the provisions restricting imports category in the remaining 122 ten commodity tax to carry out processing trade business, A class enterprise suspend bank deposit account "real change" and implement "idle" management; B class enterprises 50 percent "real change"; C class enterprises 100% "real change" management. Meanwhile, in line with national implementation of the regional development strategy to guide the processing trade gradient transfer to the Midwest, Midwest Class A and Class B companies still practice "idle" management.
  Preach the meeting, the business community response, have said that the move will greatly enhance the confidence of enterprises to tide over the difficulties and hopes to further strengthen cooperation with customs and other regulatory authorities to communicate, timely adjustment of production plan to ensure healthy development of enterprises.

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