Study On The Finance-supporting System Of Hunan Foreign Trade

Foreign trade is a bridge between the world economy and Hunan provincial economy, through which Hunan province can obtain comparative advantage, import international capital and advanced technology and create job opportunities. Since, the reform and the opening to the world, the development of foreign trade in Hunan province has experienced three stages and gained a lot. However, there are still a series of fundamental problems restricting its development. On December 11 in 2001, China becomes formally the 143rd member of the WTO, and the opening of our country will enter a new stageThe first body of the access to the WTO is the government and the catching point is to build and perfect macro-adjusting systems of foreign trade. In foreign trade. subsidy and anti-subsidy is always a very complicatedx sensitive but unavoidable problem. So, it is an eternal subject to build and perfect financial-supporting system for foreign trade which not only applies with the rules set by the WTO but also adapts to Chinese conditionsNowadays, a large part of provinces and cities in China has made a series of policies to back up the development of regional foreign trade. However, most policies are not in agreement with the rules set by the WTO.Hunan province further transfers the duties of the government to make full use of foreign trade police made out by the State. At the same time, Hunan province has established more positive policies to support the development of foreign trade.The finance-supporting system is the integration of regulations and measures by means of economic leverage such as taxation, finance, insurance and so on The purpose is to administer, moderate and control the related economic affairs, and lead them to the expected object in the ideal way.To set up the foreign trade supporting system for Hunan province, we should firstly obtain agreement on some basic problems. For example, we should learn from the valuable experiences from other provinces, we should not only abide by the international rules and principles but also set rules fit in with the conditions in Hunan province.The cooperation between finance, banking, taxation and foreign trade is a feasible solution for the foreign trade in Hunan province. As a result, it is the basic frame of the foreign trade supporting system in Hunan province.Under the new situation brought about by the WTO, it ts the premise and protection for the foreign trade development to set up the foreign trade supporting system in Hunan province.