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Recently, the Department of Commerce of Jiangsu Province released the "List of Pilot Enterprises for the Integration of Domestic and Foreign Trade in Jiangsu Province", and the technology company, shipping company and textile company under SUMEC Co., Ltd. (hereinafter referred to as SUMEC) were successfully listed, fully affirming and recognizing SUMEC's firm implementation of the dual-circulation development strategy and the promotion of coordinated development of domestic and foreign trade, which will help the company to keep in line with the high standard rules of international economy and trade and better integrate into the global market.

Three pilot enterprises of domestic and foreign trade integration in Jiangsu

The pilot enterprise work of Jiangsu Provincial Department of Commerce to carry out domestic and foreign trade integration is based on the requirements of the "Notice of 14 Departments including the Ministry of Commerce on Carrying out the Pilot Project of Domestic and Foreign Trade Integration" and the "Notice of the Provincial Department of Commerce on Carrying out the Pilot Enterprise Work of Domestic and Foreign Trade Integration", and is the result of independent declaration by enterprises, local review and recommendation and qualified credit review, which aims to improve the development level of domestic and foreign trade integration of market entities and enhance the ability to make overall use of two markets and two resources.

Three pilot enterprises of domestic and foreign trade integration in Jiangsu

With the strategic positioning of "building a digitalization-driven international industrial chain and supply chain, and becoming a dual-circulation benchmark enterprise in which domestic and overseas markets reinforce each other", SUMEC adheres to the development idea of paying equal attention to import and export and to domestic and foreign trade, focuses on the main business areas, actively promotes the integrated development of domestic and foreign trade, and achieves good results.

Three pilot enterprises of domestic and foreign trade integration in Jiangsu

Three pilot enterprises of domestic and foreign trade integration in Jiangsu

ts technology company gives full play to the advantages of the global industrial chain and supply chain capabilities, focuses on the field of electromechanical equipment and bulk commodities, increases the development of domestic and international markets, simultaneously promotes import, export, domestic trade and other businesses, and constantly explores new business development models integrating domestic and foreign trade.

Three pilot enterprises of domestic and foreign trade integration in Jiangsu

Three pilot enterprises of domestic and foreign trade integration in Jiangsu

Its shipping company continues to strengthen domestic and foreign trade coordination, strengthens quality management, brand building and product innovation, carries out domestic trade business with foreign trade standards, introduces advanced ship technology and experience of foreign trade into the ship market of domestic trade, develops and designs a variety of new ship types for domestic trade, expands the foreign trade market with domestic trade ideas, and promotes the update and upgrading of the superior ship type in foreign trade – the Crown series.

Three pilot enterprises of domestic and foreign trade integration in JiangsuThree pilot enterprises of domestic and foreign trade integration in Jiangsu

Its textile company actively promotes the integration of domestic and foreign trade in home textile business, and successfully obtains the first "Three Same" certification certificate of national textile enterprises, marking that its products in domestic and foreign trade meet the same quality requirements in the same production line according to the same standards, and can meet the needs of both export and domestic markets at the same time.

Based on the new development stage, SUMEC will firmly practice the new development concept, give full play to the demonstration and driving role of pilot enterprises, improve the ability to make overall use of two markets and two resources, promote the dual circulation in which domestic and overseas markets reinforce each other, drive domestic trade and foreign trade together, and make unremitting efforts on the road of building a new development pattern of services!

Established in March 1999, SUMEC International Technology Co. Ltd. is the core backbone of SUMEC Group Corporation, which is subordinate to China National Machinery Industry Corporation (Sinomach). Sinomach is one of the important state-owned backbone enterprises directly managed by the central government and ranked 284th in the world top 500 in 2021.
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