Quzhou to build pilot zone for cross-border e-commerce

Quzhou in East China's Zhejiang province recently received State Council approval to build an integrated pilot zone for cross-border e-commerce along with 45 other cities in China.

The move is aimed at exploring innovations in the technical standards, operation flows, supervision models, and information construction of e-commerce trade, payments, logistics, customs clearances, tax refunds and settlements of exchange.

The retail exports of cross-border e-commerce traders in the integrated pilot zone will enjoy exemption from value-added and consumption taxes, and the cities where the integrated pilot zones are located will have the chance to be included as pilot cities for retail imports of cross-border e-commerce. Besides, local companies will be encouraged to jointly establish and share overseas warehouses.

The novel coronavirus pandemic has had a huge impact on the world economy and international trade, but the cross-border e-commerce industry in China has maintained rapid and sustained growth, becoming a highlight of foreign trade.

As an important city along the Belt and Road route, Quzhou boasts a broader market and a stronger business environment in the e-commerce industry. Meanwhile, as the central government rolls out more favorable policies to support the cross-border e-commerce industry, it is a good opportunity for Quzhou to develop its export-oriented economy.

The city will accelerate the implementation of supporting policies to promote construction of the integrated pilot zone, replicate proven measures in building such a zone, cultivate cross-border e-commerce traders, optimize customs clearance procedures for those traders, and guide local foreign trade companies to increase international cooperation.