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Value-added tax on agricultural products and some other goods will be reduced starting in July, the Ministry of Finance said on Wednesday.

The value-added tax rate faced by companies to import or sell agricultural products will be reduced from 13 percent to 11 percent, according to an online announcement by the ministry.

Companies that import or sell forage products, vegetable oil, natural gas and books will also receive the same level of tax cut benefits, the ministry said.

After the measures are implemented in July, the value-added tax regime will be simplified by combining four tax rates into three, with the 13 percent tax rate being elminated and keeping the 17, 11 and 6 percent tax rates.

The announcement was made after top leaders decided to roll out measures to lower the tax burden on enterprises during the State Council executive meeting held in April.

Zhang Bin, a senior researcher with the Chinese Academy of Social Sciences, said measures targeting specific key sectors, such as agriculture, will help lower the costs of enterprises amid economic downward pressure.

China launched value-added tax reform in 2012, and it was extended to the construction, real estate, finance and consumer services sectors in May last year.

Source:Chinadaily.

The Second Meeting of the China-Philippines Joint Committee on Fisheries (JCF) was convened in Manila, the Philippines on April 26, 2017.

The Chinese delegation, composed of representatives of the Ministry of Agriculture, the Chinese Embassy to the Philippines, research institutes and local governments and enterprises, attended the meeting and held talks with the Philippine delegation which consisted of officials from the Philippine Department of Agriculture and the Department of Foreign Affairs, as well as the Philippine Embassy to China.

The two sides exchanged views on respective priorities and governance policies in domestic fisheries development, discussed the key areas, basic principles and government measures for bilateral fisheries cooperation, and conducted friendly consultations on the proposed 2017-2019 JCF cooperation programs.

The two sides reached a preliminary consensus on carrying out technical training and exchange activities, facilitating business cooperation, bolstering mariculture and strengthening aquatic product processing, among other things.

The Chinese side noted that both China and the Philippines are major fisheries countries in the world while China is also a major consumer of aquatic products.

The fishing industry is important for both countries and plays a critical role in promoting the employment and income growth of fishermen, and boosting rural economy and social development.

China has attached great importance to the fisheries cooperation with the Philippines, hoping to advance pragmatic collaboration on the basis of mutual benefits and equality.

The Philippine side briefed on its priorities and key measures for domestic fisheries development, and asked China for germplasm transfer of four freshwater species, and assistance in technical capacity building on five subjects.

China introduced its fisheries development across the country, the planned layout of fishing industry during the Thirteenth Five-Year Plan period, and the overall consideration for bilateral cooperation.

In response to the requests of the Philippine side, China put forward a draft MOU on China-Philippines Cooperation of Fisheries Technical Training and Exchange, and pledged to donate 100,000 Leopard Coral Grouper (Plectropomus spp.) seeds to the Philippines annually from 2017 to 2019.

The Philippine delegation extended appreciation for that and the two sides also discussed five business-to-business initiatives including the deep-sea breeding and aquatic processing in Davao, fingerling breeding and deep-sea cage culture in Palawan, tilapia development in Zambales, and so on.

The Philippine side expressed support for the above initiatives and pledged to enhance coordination and address concerns of businesses.

After the meeting, the two sides signed the Minutes of the 2nd JCF meeting, and the Chinese delegation witnessed the signing of the cooperation agreements between fisheries enterprises.

The meeting was held in line with the MOU on fisheries cooperation between the two ministries signed in Beijing in September 2004, marking the resumption of the JCF since its 1st meeting in Manila in 2005.

The meeting also decided that the next JCF meeting is scheduled in China in 2018.

SOURCE:MOA Information Office

SANYA, April 17 (Xinhua) — Two Chinese maritime police vessels on Monday left here for a China-Vietnam joint fishery inspection.

The inspection in the Beibu Gulf involves two police vessels from each side and will be conducted over three days, ending Thursday.

Maritime police will observe the fishing activities and occasionally board fishing boats to carry out random checks, according to China’s maritime police authorities. The two sides will also discuss ways of improving cooperation.

The gulf is a traditional fishery ground for fishermen of both countries. China and Vietnam signed an agreement on the demarcation of the gulf in 2000. Deals on peaceful exploitation of resources were later signed.

Joint inspections began in 2006 as an annual event, and were increased to twice a year in 2016.

Chinese maritime police said the joint inspection provided a means for smooth contact with their Vietnamese counterparts, creating a peaceful and harmonious environment for the fishermen.

DATE:2017-04-18       SOURCE:Xinhua News Agency

By Jiang Jie   16:37, April 12, 2017

China’s Belt and Road Initiative is drawing on a new type of regional strategy that can lead to “Globalization 2.0,” said a renowned Chinese expert on international relations.

According to Zhang Yunling, director of the academic division of International Studies at the Chinese Academy of Social Sciences (CASS), humanity entered the era of “Globalization 1.0” after World War II, focusing on connecting the world via multilateral and regional cooperation. Prior to 2008, Globalization 1.0 has indeed promoted rapid economic growth, but the anti-globalization trend is always waiting, ready to strike, as imbalanced development between regions and communities is inevitable, Zhang noted.

The Belt and Road Initiative, on the other hand, offers a distinctly Chinese way of looking at global governance and cooperation.

“We try to improve the geographic advantages forged after industrialization in the West, which favors oceanic powers … By connecting interior land, we are re-constructing these geographic advantages so that inland regions can also profit,” Zhang explained.

“It should be emphasized that the Belt and Road Initiative is not a project. It is an initiative, a method. It is not only about routes drawn on a map, but also about suggesting a direction and covering neighboring regions,” Zhang emphasized.

The remarks were made at a press conference in Beijing on April 12, where CASS unveiled its latest publication with Social Sciences Academic Press (SSAP). Xie Shouguang, director of SSAP, said at the conference that the publication is especially significant since the Belt and Road Forum for International Cooperation is scheduled to be held in May.

The forum will take place in Beijing on May 14 and 15. It will explore ways of addressing regional and global economic issues, generate fresh energy for interconnected development, and help the Belt and Road Initiative deliver greater benefits to all the people and countries involved, Xinhua News Agency reported.

“The versions of globalization led by the East and the West are different. The West tends to be more aggressive, while the East emphasizes inclusiveness. That makes homogeneity one of the key factors in cooperation, but we are trying to show that heterogeneity does not necessarily get in the way of cooperation,” said Ren Jingjing, another expert with CASS.

SOURCE:People’s Daily