Source: Yiwu sourcing agent Author: Gary Date: 2011-06-15
Yesterday, the merchant from Pakistan Aku told our journalist on the phone,"Yiwu not only has a steady society but also has a bold government. Yiwu Industry and Commerce Bureau carries out "Dual-track Approach" which aims at foreign merchants.This brings convenience and benefits to us."
Aku has done business in Yiwu for 11 years. His company was registered as "Resident representative office of foreign enterprise" before. Because of the limit of law, the resident representative office of foreign enterprise can't do business operations. If the representative organization do business operations arbitrarily, they are lack of legal basis and they also face great risk. Aku said that he should come back to Pakistan to handle procedures of certification of good standing, continuation and extension of chamber of commerce member registration every year. It is very troublesome.
For this reason, after the State Council publishes the new policy of foreign capital partnerships since March1 last year, Yiwu Industry and Commerce Bureau combines the activity of "Two Innovations and Two Promotions" with breaking the area limit of "One point and one license". The purpose is leading the representative organization who has operation intention to transform to subject who has lawful operation qualification.It carries out "Dual-track Approach" of representative organization and foreign capital operation subject existing together. This policy is the first in the field of "Foreign investment partnership subject cultivation". It allows the representatives who work at representative organization to represent organization and partnership or corporation with foreign capital station in same business address as enterprise's partner or shareholder.
" This "Dual-track Approach" system can bring convenience to foreign merchant to get visa as representative organization and do business operations as foreign operator and solve residence,employment and operation problem before relevant supporting policies are improved."The deputy director general of Yiwu Industry and Commerce Bureau Bao Rongjian said.The merchants like Aku do not need to beat up and down to go through formalities in the continuing period after register foreign investment partnership.
Consumption Goods Expo, Yiwu enterprises not only for orders
It was the second day of "Zhejiang Negotiation Meeting" and" Consumption Goods Expo" yesterday.On the exhibition, apart from Jinhua green car, many smallware from Yiwu are also very popular.Journalist knows that in the first two days, Yiwu exhibitors all received many intention orders.But it will take many efforts to make a deal.Except for receiving orders normally, some Yiwu boss will take exhibition as "drill ground."
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