More pilot practices from FTZs to be replicated nationwide

The State Council issued a circular on April 30 that decided to replicate the fifth batch of pilot practices from free trade zones.

The circular covers a total of 18 practices, 17 of which are expected to be replicated nationwide and one within free trade zones.

In the investment management field, the circular decided to replicate five practices nationwide involving simplified notarization, tax files, online cross-region tax-related matters, optimized tax handling procedures, and application of company names.

As for trade facilitation, six items concerning facilitating import and export clearance of international vessels, export rebates of production-oriented export enterprises, transportation mode of China-EU freight trains, and other items will be promoted nationwide.

Six practices regarding public credit information management, inspection of imported grains quarantine, and supervision on bonded oil will also be replicated nationwide.

Pilot cooperative notary organizations will be replicated in the investment field of pilot free trade zones, according to the circular.