Understand Market Procurement Trade: its definition,key advantages,and who can benefit.Optimize your global sourcing strategy and streamline export processes.Learn more.

I.What is market procurement trade?

Definition: Market procurement trade is a trade method in which eligible operators purchase goods within a market agglomeration area recognized by the national commerce department and other departments,and the value of goods on a single customs declaration form does not exceed 150,000 US dollars.Goods prohibited or restricted from export by the state do not apply to this trade method.

II.What are the main advantages of the market procurement trade method?

Solve the problem of small commodity exports: Standardize the trade of small - batch,multi - batch,and multi - variety goods,which helps to establish a quality traceability system and promote trade development.

Improve trade facilitation: If there are more than 5 types of goods on each customs declaration form,simplified declaration can be implemented.

3.Enjoy VAT Exemption Without Refund: Addressing the issue of export trade without invoices for market merchants characterized by "small orders,mixed goods,and a wide variety of products."

Improve information sharing: Build a platform for small,medium - sized and micro - enterprises to open up channels to connect with the international market.More flexible foreign exchange management: Allow RMB settlement and improve the efficiency of enterprise payment collection.

Applicable market entities: Market business households,market procurement trade operators,and purchasers engaged in market procurement trade need to first carry out filing and registration of foreign trade business entities.After filing and registration,they can carry out market procurement trade export business.

III.Which market entities can carry out market procurement trade?

Applicable market entities: Market operators engaged in market procurement trade,market procurement trade operators,and purchasers are required to complete the "Foreign Trade Business Entity Registration and Filing" first.After completing the registration and filing,they can engage in market procurement trade export business.

IV.The basic process of handling market procurement trade business

As a flexible and convenient trade method,market procurement trade not only helps the internationalization of small commodities but also provides more foreign trade opportunities and conveniences for small,medium - sized and micro - enterprises.It is one of the important means to promote Chinas foreign trade development.

Analysis of Market Procurement Trade: Definition,Advantages and Applicable Entities | Shanghai Import/Export Agent