Ningxia launches new cross-border commodity trading platform

On Nov 25, the 2024 Cross-Border Commodity Trading Direct Access Platform V3.0 was simultaneously launched in 25 countries.

This marks a significant milestone in Ningxia's efforts to achieve seamless online connectivity with Mongolia, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan, and other countries participating in the Belt and Road Initiative (BRI).

This development will facilitate the interconnection of over 100 types of commodities, aiding Ningxia's active integration into supporting the BRI.

The platform is designed to expand the global digital trading and auction model for bulk commodities. It connects 25 countries and 24 ports, enabling online processing of commodity data and transactions.

The platform encompasses international and domestic transportation, customs clearance, warehousing, and testing. It also introduces 24 system functions, including online contracting, regulatory payments, and international business services, which provide enterprises with more efficient, convenient, and secure cross-border commodity trading services.