Briefing Session on 'Recognition of Export Performance for Consumables' Held... Guidance on Export Support Policies Including Finance, Insurance, and Taxation

The Busan Port Industry Federation held a briefing session on the recognition of ship supplies export performance on the 17th.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] The Busan Port Industry Federation held a 'Ship Supplies Export Performance Recognition Briefing' on the 17th, attended by representatives of ship supplies suppliers, to guide the procedures for recognizing export performance of ship supplies and government export support policies.

The briefing was attended by about 60 people, including ship supplies suppliers directly supplying to foreign vessels, ship supplies wholesale suppliers, ship repair companies, Korea International Trade Association, Korea Trade Information & Communication, Ministry of Trade, Industry and Energy, Ministry of Oceans and Fisheries, Busan City, and Busan Customs officials.

'Recognition of Ship Supplies Export Performance' is a system that recognizes the supply of ship supplies to foreign vessels as export performance. As a result of continuous requests from the ship supplies industry to the authorities, it has been recognized since January this year.

'Ship supplies' refer to various daily necessities, consumables, and ship parts necessary for vessel operation. Although ship supplies supplied to foreign vessels are similar to exports, they had not been recognized as exports until now, excluding them from various government policy supports such as finance, insurance, and taxation aimed at export companies.

Officials from the Ministry of Trade, Industry and Energy, Ministry of Oceans and Fisheries, Busan City, Busan Customs, Korea International Trade Association, and Korea Trade Information & Communication who attended the briefing stated, "Since the recognition of ship supplies export has been a long-standing wish of the ship supplies industry, we plan to make efforts to establish and expand the use of the ship supplies export recognition system."

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