China's 1st offshore trade service platform opens in Nansha

The Nansha Comprehensive Service Platform for Offshore Trade opened at the 2023 Guangzhou Digital Trade Development Forum, which was organized by the Guangzhou municipal bureau of commerce in Nansha district on Feb 27.

Offshore trade is a new trade pattern that evolved from transnational business corporations. It is characterized by the separation of orders, goods and capital flow.

The platform has built a risk monitoring system for offshore trade and a statistical system that reflects the real economic contribution of offshore trade.

The platform has also built a cross-border digital trade infrastructure that integrates digital trade, financial business and bank-enterprise services through scientific and technological means.

It aims to solve key problems in the offshore trade business, such as authentication difficulties, repetitive verifications, and long business processes which are hard to supervise.

The Nansha Port Area is the largest single port area in South China. It has opened more than 150 foreign trade routes, connecting with more than 100 countries and regions around the world.

The new platform and preferential policies for offshore trade will enable offshore finance to become the new engine for Nansha's export-oriented economy. It will also help Nansha build a "buy global, sell global" work model and gain momentum in international markets.

Nansha holds the 2023 Guangzhou Digital Trade Development Forum. [Photo/WeChat account: nanshafabu]