Department of Foreign Trade under the Ministry of Commerce Visited Yiwu for the Survey on Market Purchasing Trade

A few days ago, Ren Hongbin, Chief of the Department of Foreign Trade under the Ministry of Commerce, and his party visited Yiwu to survey the implementation of the mode of market purchasing trade in Yiwu. After listening to the report on the conditions about the reform and development, foreign trade situation, and implementation of market purchasing trade of Yiwu, Ren Hongbin fully affirmed the achievements made by Yiwu in reform and development, especially in the comprehensive pilot reform of international trade, in recent years. He said that Yiwu focused on the key fields and critical links of international trade and deepened the reform in a leading and pilot role; it had basically established a new trade system and mechanism, achieved remarkable results in reform, and provided important experience for duplicating and popularizing the mode of market purchasing trade on other regions of China.

For following work, Ren suggested to set up a joint working mechanism at municipal, provincial, and ministerial levels on the basis of steadily and surely pushing ahead with the implementation of market purchasing trade, so as to promote the sustainable and healthy development of market purchasing trade. Yiwu should actively integrate itself into the construction of the "Belt and Road", expand the opening-up pattern, widen the scale of imports based on stable exports, and make contribution to promoting the return of overseas consumption and global trade re-balancing.

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