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

31 Mar '21
1 min read
Pic: Shutterstock
Pic: Shutterstock

To facilitate trade and further open up, the Chinese government 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 centres are situated.

According to a notice issued by the country’s commerce ministry, 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.

ALCHEMPro News Desk (DS)

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