In 2016, the Group of Twenty (G20) Ministers of Trade issued the first G20 trade minister’s statement in history. According to the meeting’s chairman and Minister of Commerce Gao Hucheng’s briefing at the press conference after the meeting, the meeting approved three documents including “G20 Global Trade Growth Strategy†(hereinafter referred to as “strategyâ€) and assisted SMEs to integrate into global value chains, etc. Content reached consensus. According to the "Strategy," G20 members pledged to commit themselves to take further measures to reduce the cost of trade and encouraged all WTO members to fully implement the "Trade Facilitation Agreement." The full implementation of the agreement will reduce global trade costs by 15%.
It is not difficult to see from the three documents and the two consensuses adopted at this meeting that actively promoting SMEs to join global trade has become one of the core topics of the G20 Trade Ministers' Meeting.
Specifically, the Statement of the G20 Conference of Trade Ministers clearly stated: "We support enterprises, including small and medium-sized enterprises, to fully participate in and utilize global value chain related policies, regardless of the scale of the enterprise and the stage of economic development in the country. The G10 members will continue to assist SMEs in adopting and complying with international and domestic standards, technical regulations and conformity assessment procedures; facilitate SMEs to obtain information on trade and investment through information technology; further provide information to help SMEs integrate into global value chains and move upstream rising."
"This series of positions and commitments will become the 'decisive policy' for SMEs in various countries to enter the international market," said Zhu Xichen, executive president of the Zhongguancun Science and Technology Entrepreneurs Association. In the eyes of a person in charge of a start-up company, over the years, the "congenital deficiency", such as having a small volume and a small international business list, has restricted the international trade of SMEs in China, allowing SMEs to play a supporting role in the global market. The goal of “upward climbing†is very difficult to achieve. With the implementation of commitments such as lowering the cost of trade and facilitating access to information by small and medium-sized enterprises, the cost of international trade services that causes SMEs’ ​​headaches will be greatly reduced, and a large number of SMEs will have The possibility of entering the global market.
For example, Zhu Xiji said that if SMEs want to do multinational business, they need to face high service fees such as intermediary, legal advice, professional qualification certification, and financial certification. These costs are apportioned to a gross profit of only two or three percent, which is very “significantâ€. If countries can help SMEs reduce this threshold in accordance with the documents and consensus, a large number of companies may find more business opportunities or even "living opportunities".
Li Yumei, deputy researcher of the Institute of International Economics of the University of International Business and Economics, told the Beijing Commercial Daily reporter that the reduction in the cost of trade will allow the traditional labor-intensive industries such as clothing, textiles and machinery processing to clearly benefit, because tariffs will be reduced and customs clearance time will be reduced. Improve corporate profits.
“In fact, the full implementation of the trade facilitation agreement can reduce global trade costs by 15%, and all cargo exports are faced with customs clearance issues, which means that all industries involved in the export of goods will benefit, but the proportion is different. The degree of benefit is different," said Zhao Ping, director of the International Trade Research Department of the China Council for the Promotion of International Trade.
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