Source: Yiwu sourcing agent Author: Gary Date: 2011-09-04
HANGZHOU, Zhejiang Yiwu Municipal People's Government and Zhejiang Provincial Administration for Industry & Commerce signed The Cooperation Framework Agreement on the Pilot Program for the Comprehensive Reform of International Trade. The two parties vow to promote the pilot program ofthe city with joint efforts by enhancing cooperation in f our f ields including market access extension, market improvement, brand construction and supervision & inspection services.
"In a word, the policies made this time are about power, money and brand," Zheng Yumin, director of Zhejiang Provincial Administration for Commerce and Industry, made the remarks at the signing ceremony in Yiwu on the af ternoon ofAugust 23 . By 'power', he means power delegation and extension, which aim to grant Yiwu part ofthe provincial authority for administrative examination and approval. By 'money', he means to make profits from innovation, for example, raising the ratio ofcontributions ofintellectual property rights, setting the highest non-monetary contribution at 70% ofthe registered capital, and expanding small finance houses, so that Yiwu enterprises could own enough capital and have long-term growth. And by 'brand', he means to set up a regular and efficient supervision and inspection system to protect intellectual property rights, crack
down counterfeit and shoddy products, promote the establishment of Yiwu famous brand protection association and make China Commodities City a famous brand in China's economy and
trade.
Huang Zhiping, secretary of the CPC Yiwu committee, said that Yiwu will be granted policy support in various areas such as market access, market improvement, brand construction and supervision & inspection services from Zhejiang Provincial Administration for Industry and Commerce.
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