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Commerce Ministry Set To Support Auto Exports

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Shanghai, December 15, 2008: ( Ministry of Commerce will support auto exports in seven aspects, including credit and incentives, said Zhi Luxun, vice director of Department of Machinery and Electronics, China Ministry of Commerce, reported Market Daily today.

At the recent 2008 Chinese auto parts industry annual forum, Zhi Luxun introduced the specific auto export measures that will be taken by the Ministry of Commerce. He said that the department was studying seven ways to keep a stable growth of auto exports.

First, probably providing dozens of billion yuan to stimulate auto exports;

Second, encouraging medium- and small-sized enterprises to go international through training, certification, and expo attendance;

Third, encouraging enterprises to build the brand image by offering incentives for auto companies that get certificated outside and introduce foreign technology;

Fourth, granting credits to the export-oriented auto companies;

Fifth, encouraging auto companies to reduce export risks by taking advantage of commercial banks, insurance companies from China and abroad;

Sixth, continuing to support the national export bases for both automobiles and auto parts;

Seventh, offering both free and paid information for auto companies, such as export destination information, industry policies, tax policies and some other important market information.

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