Pol­icy to ease gold im­port, ex­port process

China Daily (Canada) - - BUSINESS -

China will test a new­pol­icy that aims to make the im­port and ex­port of gold a lot eas­ier, ac­cord­ing to a state­ment jointly is­sued by the Peo­ple’s Bank of China and theGen­eral Ad­min­is­tra­tion of Cus­toms. The new­pol­icy, set to be tested from June 1, will al­low gold com­pa­nies to clear cus­toms up to 12 times with one per­mit, the state­ment said. Pre­vi­ously, gold com­pa­nies had to ap­ply for a per­mit for ev­ery im­port or ex­port con­sign­ment.

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