Zhejiang: Small And Medium Enterprises Take The Lead In Enjoying The "Simple Version" Export Credit Guarantee

2010/6/9 11:44:00 34

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From now on, Zhejiang's small and medium-sized export enterprises can enjoy zero threshold export credit insurance.

Recently, China Export and Credit Insurance Corp launched the first short term export in Zhejiang.

credit insurance

Small and medium enterprises simple insurance scheme, small and medium-sized enterprises to participate in insurance procedures easier, more affordable rates, lower threshold.

The reporter learned from CITIC insurance Zhejiang branch that the plan is tailored to Zhejiang's small and medium-sized export enterprises and has been approved by the head office.

According to the plan, Zhejiang (excluding Ningbo)

Export volume

Small and medium enterprises below US $5 million can apply for insurance, with rates ranging from 0.12% to 0.6%.

This scheme has greatly simplified the procedures of insurance participation and expanded the scope.

Enterprises only need to declare their exports once a month, and they can report losses directly after they are out of danger.

And the export of the insured enterprises within a certain amount, as long as the conditions are met.

Zhejiang

Xin Bao also automatically provides risk protection to ensure full protection and is no longer limited to the credit limit of Zhejiang letter insurance to foreign buyers.

It is understood that the policy export credit insurance is a kind of international trade practice and our legal trade promotion tool, but the export credit insurance policy of small and medium-sized enterprises has a smaller benefit.

In 2009, 85% of enterprises with export performance in Zhejiang (excluding Ningbo) accounted for less than 5 million US dollars, about 2.3, but they were able to get 5% of the total number of policy export credit insurance support.

After the introduction of the simple insurance scheme for SMEs, Zhejiang export enterprises supported by export credit insurance will double that of last year.