Nansha District of Guangzhou has introduced a new policy package to promote high-quality foreign trade development, offering rewards of up to 10 million yuan for enterprises. The focus is on four key areas: strengthening enterprises, fostering new trade formats, enhancing platform functions, and improving services, providing comprehensive support for foreign trade enterprises.

(Photo: Xinhua)

Comprehensive support for enterprises at all stages and trade formats

The policies offer tiered support for enterprises at different development stages. Start-ups can receive rewards of up to 10 million yuan as they grow, while established enterprises are supported in enhancing their international market competitiveness. Leading enterprises that significantly contribute to foreign trade development can receive assistance to become industry leaders with global influence.

Nansha is also prioritizing emerging trade formats such as cross-border e-commerce, automobile exports, and bonded research and development. The policies encourage the optimization of warehousing services and the construction of efficient international logistics networks.

In the automobile export sector, a one-stop service package simplifies processes and accelerates customs clearance. Enterprises involved in consolidation and distribution can receive rewards of up to 2 million yuan, while those engaged in bonded R&D can also benefit from dedicated support.

Strengthening platforms and enhancing export support services

The policy emphasizes the development of innovative demonstration platforms and enhancing the functions of import demonstration zones and digital commodity platforms. Platforms that significantly increase transaction volumes can receive support of up to 20 million yuan. The policy also encourages digital transformation in areas such as transaction settlement, smart logistics, and supply chain management.

To facilitate enterprise exports, the policy increases support for export credit insurance, offering enterprises up to 5 million yuan. It also provides financial assistance for companies participating in international exhibitions and introduces convenient customs measures such as scheduled customs clearance and cross-regional returns, reducing inspection times for key goods and optimizing services for bonded consolidation businesses.

In the first quarter of 2025, Nansha's foreign trade showed strong resilience despite global economic challenges. Foreign trade imports and exports totaled 53.35 billion yuan from January to February, marking a year-on-year increase of 16.5%. The Port of Nansha also reported a 22.55% increase in foreign trade container throughput and a 22.33% increase in foreign trade cargo throughput in the first quarter.