Market diversification is a long-term plan to optimize the export structure of our country, and it is also an effective measure to stabilize the export. The first is to steadily promote the "Belt and Road" construction and open up the markets of countries along the routes. Second, increasing support for exports by policy-based financial institutions. Third, increasing support for small and medium-sized enterprises in opening up overseas markets. We will further promote pilot projects for the innovative development of trade in services, summarize and promote successful experiences in a timely manner, form an institutional environment conducive to enhancing the competitiveness of the service industry, further expand the opening up of the service industry, and introduce high-quality resources and competitive pressures, to increase the international competitiveness of the service industry. At the same time, we should make good use of the achievements of the information technology revolution, developing service outsourcing and other industries.
Due to the tension between India and Pakistan, Indian consignment cotton exports to Pakistan will be significantly reduced in the near future. By contrast, China has shipped about 400000 bales of Indian cotton (170kg) over the past 10 days and a further 100000 bales in the near future. The Indian Cotton Association says China will begin to increase its purchases as China's reserves of cotton fall.
It is reported that Pakistan has signed a contract to import 800000 bales of Indian cotton and has shipped 650000 bales. Pakistan is expected to import about 1 million bales of Indian cotton this fiscal year. Some exporters believe that Indian cotton can bypass Dubai and Singapore to Pakistani ports, so Indian cotton exports to Pakistan will not stop.
India has shipped 3.2 million bales of cotton so far this year and exports are expected to reach 500-5.5 million bales. In addition to Pakistan, China, Indian cotton exports to Vietnam, Indonesia, Bangladesh.
First, improving the financial services of export enterprises, especially export-oriented small and medium-sized enterprises, to solve the problem of difficult financing and expensive financing of enterprises and reduce the cost of capital. Secondly, we should increase the rate of export tax rebate properly, achieve full tax rebate as far as possible, at the same time, and further accelerate the progress of export tax rebate. Third, keeping the exchange rate of RMB stable and avoiding the rapid appreciation of RMB. Fourth, cleaning up all kinds of charges on export enterprises, reducing the burden of payment of export enterprises, and pushing forward the power of "cost reduction" in supply-side structural reform. Fifthly, we should continue to promote the reform of customs clearance facilitation, and shift the focus of the reform from compressing the limitation of customs clearance to reduce the customs clearance links, effectively reducing the cost of customs clearance.
