2 Sept 2019
Guangdong Issues Guidance on National Special Economic Fund Utilisation
The Department of Commerce of Guangdong Province has issued guidelines relating to the utilisation of the National Special Fund for Foreign Trade and Economic Development.
According to the document, all applications must relate to one (or more) of four designated priorities:
- Promoting the stable and high-quality growth of foreign trade
- Facilitating the innovative development of the trade in services
- Enabling the healthy and orderly development of outward investment and co-operation
- Increasing efforts to attract foreign investment.
In more specific terms, the circular also underlined the importance of developing key markets, promoting foreign trade transformation / upgrade and establishing demonstration sites for large-scale silkworm and mulberry production.
Full details can be found in the Circular on Guidelines for the Application of the 2019 National Special Fund for Foreign Trade and Economic Development, as issued by the Department of Commerce of Guangdong Province on 1 August this year. This details, in full, the documentation requirements stipulated by the central government’s Ministry of Finance and Ministry of Commerce, as well as Guangdong’s Department of Finance and Department of Commerce.
Source: Department of Commerce of Guangdong Province