Due to the continuous spread of Covid-19 across the world, rising price of international commodities and structural imbalance of global transport capacity among other factors, foreign trade enterprises have been plagued by high prices of some raw materials and freight and insufficient transport capacities. According to our knowledge, the peak period of Christmas supplies delivery usually lasts from June to August. But considering the risk of demurrage, overseas clients usually place orders in advance after online inspection and issuing. So some orders have been shipped and delivered earlier compared with previous years, and some other orders have been overstocked in domestic warehouses due to difficultly in booking space or high freight, putting pressure on enterprises.

Transport capacity insufficiency and expensive freight are global challenges. MOFCOM, in collaboration with the Ministry of Transport, the Ministry of Industry and Information Technology, the State Administration for Market Regulation and other institutions, has taken measures to increase container supply, improve maritime transport capacity and strengthen international cooperation. Local governments have also improved shipping services for SMEs to help reduce costs and losses. We will continue to work with relevant institutions and local governments to come up with more targeted measures to stabilize foreign trade, unblock international logistics and strengthen cooperation with trading partners in response to the common challenge. Thank you.