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What will be brought by China’s cancellation of registration mechanism for foreign trade business operators?
By Kong Dechen
Since this year, Jiang Meixia, an official with the foreign trade management office of the Chongqing Municipal Commission of Commerce, has been receiving fewer and fewer calls at work.
“In the past, I got many calls asking about the registration requirements for businesses engaged in foreign trade activities every day, but now the requirements have been canceled,” Jiang told People’s Daily.
The registration mechanism for operators of foreign trade businesses had been in place since 2004. According to the mechanism, enterprises entering or preparing to enter the foreign trade sector must have their information registered before they officially started foreign trade businesses.
To optimize the business environment, the country officially canceled the mechanism on Dec. 30 last year. Companies and individuals no longer need to undergo registration and filing with local commerce authorities and will automatically obtain the right to import and export products to and from China.
This marks a major reform to foreign trade management and is an important step in promoting trade liberalization and facilitation.
The cancellation of the registration mechanism will bring tangible benefits to enterprises.
Sun Yuanxin, chief expert of the Collaborative Innovation Center of China Pilot Free Trade Zone, Shanghai University of Finance and Economics, told People’s Daily that in the past, applicants had to visit multiple departments and the registration usually took four to five days.
“The cancellation of the mechanism means that enterprises can directly enjoy foreign trading rights,” Sun said, adding that this not only saves enterprises’ time and costs and improves efficiency, but also encourages more private enterprises to go overseas and expand both domestic and international markets.
According to statistics released by the State Administration for Market Regulation, the number of market entities in China had grown to 169 million as of the end of 2022, up from 110 million in 2018. Both the numbers of enterprises and individual businesses crossed the 50 million and 100 million marks. Private enterprises are now major players in China’s foreign trade sector.
“Canceling the registration mechanism aims to better serve enterprises. This means a lot for small- and medium-sized enterprises that are fresh in the foreign trade sector or planning to do foreign trade businesses in the future. It makes the market more transparent and has further lifted the level of informatization,” said Zhang Jianping, deputy director of the academic board of the Chinese Academy of International Trade and Economic Cooperation.
Many experts said that it’s a common practice around the world to cancel registration requirements for businesses engaged in foreign trade activities, and the cancellation conforms to China’s active strategy of opening up and meets the country’s demand to grow from a major trading nation to a leading one.
This year, China will take more concrete measures to better serve foreign trade enterprises.
Li Xingqian, director general of the Department of Foreign Trade of the MOFCOM, told People’s Daily that China would roll out new trade policies this year to help enterprises lower cost, expand benefit and tackle challenges as well as improve the comprehensive competitiveness of Chinese foreign trade.
According to him, the country will build closer relations between suppliers and purchasers to stabilize exports. A number of export exhibitions, including the Canton Fair, will resume offline exhibitions. Besides, China will fully support foreign trade enterprises to join overseas exhibitions so as to gain more opportunities.
China will also build closer ties with its trading partners, give play to its advantages as a super-large market, and expand quality imports from other countries, so as to stabilize the global supply chain.
The country will promote the sustainable, rapid, and healthy development of new business forms such as cross-border e-commerce and overseas warehouses. In addition, China will reinforce the industrial foundation for foreign trade, continue optimizing the structure of the foreign trade sector, and encourage processing trade to shift to the central, western, and northeast regions while strengthening general trade.
According to statistics, China’s foreign trade in goods for the first time crossed the 40-trillion-yuan mark and reached 42.07 trillion yuan last year, up 7.7 percent from 2021.
“China’s foreign trade enjoys a sound structure and has expanded its circle of friends,” Zhang said.
The cancellation of the mechanism is an inevitable result of China’s institutional opening up, he noted, adding that the country will keep working to stabilize foreign trade and investment, enhance foreign trade facilitation, and build a better institutional environment for the development of foreign trade.
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TAU reaffirms commitment to globally competitive learning
- As 16 graduands make First Class
Stephen Olufemi Oni, Ilorin
The Thomas Adewumi University (TAU), Oko-Irese, in the Irepodun local government area of Kwara State, has reaffirmed its commitment to strengthening quality education, innovation, and globally competitive learning.

Speaking at the institution’s 2nd Convocation ceremony in Oko-Irese, the Vice Chancellor of the University, Professor Francisca Onaolapo Oladipo, said TAU is living up to its ranking as the fastest growing institution in Science, Technology, Engineering, Medicine, and Innovation (STEM-i) ecosystem by surpassing more than 100 percent in its number of graduating students at the second convocation.
She said: “TAU emerged on April 8, 2021, as Nigeria’s fastest-growing Science, Technology, Engineering, Medicine and Innovations (STEM-i) ecosystem. Today, we rank 1st among the 20 private universities that were licensed in
2021, 4th among the 14 Universities in Kwara State, 5th among Nigeria’s over 170 private Universities and 50th nationally, an impressive rise reflecting our unwavering commitment to excellence.
”What a Moment of Extraordinary Significance today, we stand at a crossroads far more significant than words can adequately capture. Exactly one year ago, we gathered at this very Auditorium to celebrate our inaugural Convocation, a ceremony that marked the graduation of 26 pioneering students who dared to believe in a vision when others saw only impossibility. Those 26 trailblazers proved that Thomas Adewumi University was not just a dream, but a reality rooted in excellence. Today, as we honour 63 outstanding graduates, we witness something far more profound than numerical growth.
“This 142% increase in our graduating class is not merely a statistic to be recorded in annual reports, it is a declaration that Thomas Adewumi University has transcended the realm of promise and entered the domain of proof.
“We have moved from potential to performance, from aspiration to achievement, from vision to velocity.
This year, 63 graduands from 4 Faculties and 11 academic programmes are being conferred. It is noteworthy that we have 16 First Class graduates, 40 in Second Class Upper Division, and 7 in Second Class Lower Division. These results reflect the quality of training and mentorship provided at Thomas Adewumi University, and we are proud to contribute these innovators to both the Nigerian and global workforce, confident that they will make a meaningful
impact.
”Preparing Globally Competitive Graduates, these 63 graduands are not merely degree holders, they are comprehensively prepared global professionals equipped with exceptional advantages that set them apart from their peers nationwide. Through our international partnerships, these graduates have obtained additional microcredentials from MIT, Harvard, Stanford, Columbia, Berkeley, and Yale, world-class certifications from Alison, UK, RUDN professional University, Russia, World Bank’s Saylor Academy, Google, ICAN, and the Global Partnership for Sustainable Development initiatives in Data Science and Artificial Intelligence.
“Our Coursera collaboration provided them with additional industry certifications, while partnerships with Microsoft, IBM SkillsBuild, and MIT OpenCourseWare through our Global Campus initiative democratize access to cutting-edge knowledge. They are thus fully equipped to embark on meaningful and innovative careers in today’s technology-driven world.”
Earlier in his Convocation Lecture, titled “Crowdfunding Opportunities forstartups: Equiping Nigerian graduates for a sustainable future”, Dr. Bayo Williams Olugbemi charged the graduads on the mindset of job creation, saying “as a graduate, your future is not defined by what Nigeria gives you, but by what you create. The idea of crowdfunding is the idea of hope. It is proof that when people come together, ideas once impossible become achievable.
“I urge you not to think only about searching for jobs. Instead, think about creating value, and if capital is a barrier, remember: “The crowd can be your first investor.”
In his goodwill message, the Executive Secretary of the National University Commission, Professor Abdullahi Ribadu, represented by Esther I. Eyo, Esq commended the resilience of TAU management said “NUC acknowledges TAU sustained progress in advancing quality teaching, impactful research, innovation, and community engagement, all of which align with our national aspiration for a globally competitive and knowledge-driven university system.
“It would interest you to know that, in the accreditation exercise conducted in 2023, Thomas Adewumi University achieved a 100% Full Accreditation status across all programmes assessed a laudable feat that reflects the University’s strong commitment to maintaining high academic standards.”
Also speaking, the Founder/Chancellor of the institution, Dr. (Engr) Johnson Adewumi, urged the graduands to be good ambassadors of the University, adding: “Remember that your degree is not an end but a beginning, go forth with courage, humility, and a sense of responsibility. Strive to illuminate whatever space you occupy with the light of integrity, excellence and service.”
Highlight of the event was the conferment of an honorary doctorate degree on two distinguished personalities; Engr Oluseyi Afolabi and Pastor Oladokun Olatunde.
End
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photo
L-r Speaker, House of Representatives, Tajudeen Abbas; President of the Senate, Godswill Akpabio and Nigeria’s First Lady, Senator Oluremi Tinubu, during the dinner for members of the National Assembly by the First Lady yesterday. Photo: Senate President’s Office.
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JUST IN: Even Tinubu moves with too many police escorts – Senator Ndume
By Hassan Taiye
Senator Ali Ndume has criticised what he described as the excessive use of security convoys by top government officials, including President Bola Tinubu, warning that the practice leaves ordinary citizens exposed and vulnerable.
Speaking on Politics Today on Channels Television on Thursday, Ndume said many public office holders move with security details that are unnecessarily large, even when their positions do not warrant such heavy protection.
He recalled visiting the residence of a colleague and finding “more than 10 policemen” attached to him, despite the lawmaker being junior to him in the National Assembly.
Ndume further argued that the presidential convoy itself is excessively large, stressing that security efforts should be focused on protecting the overall environment rather than individual personalities.
He said: “I went to one of my colleagues’ house for dinner. And I saw more than 10 policemen. He is even my junior in the National Assembly. Some of them, if you see them coming, you will pull back thinking that maybe it’s the President or the Vice President that is coming.
“
You can see even the president, the convoy that the president goes about with is too much. Secure the place and when the president goes, you withdraw. Secure Abuja and the president can even drive out, you know, himself.
But when you secure personalities, and this is what is happening in Nigeria, then others, common people, as we call them, become vulnerable, and we don’t care. So if you secure Abuja, then you can drive at night. And let me tell you, this is what is happening in most countries”.
The lawmaker’s comments come just days after President Tinubu ordered the withdrawal of police officers from VIP escort and guard duties.
In a statement, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the directive was aimed at redeploying police manpower to core law enforcement responsibilities.
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