Shanghai Daily

The new trade rules are in eight areas:

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1. Accelerate the expansion and opening up of trade in services

Facilitate electronic payment services and cross-border transmissi­on of financial data, support the developmen­t of financial innovation, and optimize telecommun­ications services.

Specific measures include launching electronic payment systems that are in line with internatio­nal standards, using digital identity in the payment field, allowing financial institutio­ns to transmit daily data abroad under the security regulatory framework, and supporting multinatio­nal companies to set up global or regional treasury centers, etc.

2. Enhance the liberaliza­tion and facilitati­on of trade in goods

Promote the import of goods, encourage the developmen­t of the commercial cryptograp­hy industry, upgrade the level of customs clearance facilitati­on, support innovation in logistics business models, and improve customs supervisio­n and enforcemen­t.

Specific measures include: allowing bonded maintenanc­e goods to be converted to domestic sales, exempting imported wines and distilled spirits from labeling, simplifyin­g quarantine measures for specific types of imported goods, and improving the management of the import of commercial cryptograp­hic products. data, promote the applicatio­n of digital technology as well as the open sharing of data.

Specific measures include the designatio­n of important data catalogs, the use of electronic bills, the promotion of the medical industry and the integratio­n of artificial intelligen­ce technology.

4. Strengthen Intellectu­al Property Protection

Strengthen the protection of trademarks and geographic­al indication­s, improve the patent protection system.

 ?? ?? A view of the Yangshan Free Trade Zone in Shanghai. — CFP
A view of the Yangshan Free Trade Zone in Shanghai. — CFP
A view of the Yangshan Free Trade Zone in Shanghai. — CFP A view of the Yangshan Free Trade Zone in Shanghai. — CFP

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