MOFCOM Formulated the Interpretations to Issues Concerning the Subsidy Policies for Domestic Trade Credit Insurance of Small and Medium-sized Trade Enterprises

With the purpose of further clarifying qualifications for applying for subsidies for domestic trade credit insurance of small and medium-sized trade enterprises and regulating procedures for the application, the Ministry of Commerce (MOFCOM) formulated the Interpretations to Issues Concerning the Subsidy Policies for Domestic Trade Credit Insurance of Small and Medium-sized Trade Enterprises (Interpretations).

Under the Interpretations, if number of the practitioners or sales volume of the trade enterprises is qualified with the standards, the enterprises shall be recognized as small and medium-sized trade enterprises.

The Interpretations also stipulated that the subsidy is only applicable to domestic trade credit insurance.

(Source: Ministry of Commerce)