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

enterprise

From now on, the export credit insurance with zero threshold can be insured.

Recently, China Export and Credit Insurance Corp launched the country's first short term export credit insurance simple insurance plan in Zhejiang. The procedures for small and medium-sized enterprises to participate in insurance are more simple, the rates are more favorable and the threshold is lower.

Exit

The company is tailored and approved by the head office.

According to the plan, small and medium-sized enterprises with less than US $5 million in Zhejiang (excluding Ningbo) can apply for insurance, with a rate between 0.12% and 0.6%.

Policy nature

Export credit insurance is a kind of trade promotion tool which is in line with international practice and our legal trade. However, the export credit insurance policy of small and medium-sized enterprises has little 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.