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China to extend pilot scheme for cross-border e-commerce

Abstract : China will extend its pilot program for cross-border e-commerce retail imports to facilitate trade and open up wider.

Commodities from South Korea are transported to a warehouse under full-time tracking at a cross-border e-commerce supervision center in Qingdao, east China’s Shandong Province, June 3, 2020. (Xinhua/Li Ziheng)

BEIJING, March 22 (Xinhua) — China will extend its pilot program for cross-border e-commerce retail imports to facilitate trade and open up wider.

The country will expand the piloting of cross-border e-commerce retail imports to all cities and regions where pilot free trade zones (FTZs), comprehensive cross-border e-commerce pilot zones, comprehensive bonded zones, demonstration zones on import promotion, or bonded logistics centers are situated, according to a notice issued by six agencies, including the Ministry of Commerce.

Once verified for regulatory requirements, related cities and regions will be approved to run bonded import businesses via e-commerce.

China has so far set up 21 FTZs and 105 comprehensive cross-border e-commerce pilot zones to facilitate its opening-up policy at a higher level.

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to extend pilot scheme for cross-border e-commerce

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