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Wuhan’s cross border e-commerce pilot area launched

Source: hubei.gov.cn 01/04/2019 05:01:09

(photo source:Hubei Daily)

The China (Wuhan) Cross-border E-commerce Comprehensive Pilot Area was unveiled on January 3, 2019, marking a new stage of cross-border e-commerce in Hubei.

A platform to facilitate the purchase process without VAT-free declaration went online on the same day, which would make enterprises’ operating costs decrease by nearly 20 percent.

In the next three years, a cross-border e-commerce pilot area, featuring with Internet, cross-border trade and integrated services, will be established in Wuhan, along with building distinctive cross-border e-commerce industrial parks at the Wuhan East Lake High-tech Development Zone, the Hankou North Market, the Wuhan New Port and Airport Comprehensive Bonded Zone, etc.

The launch of China (Wuhan) Cross-border E-commerce Comprehensive Pilot Area is expected to fuel modern service industries such as electronic payment, electronic certification and information content services, boosting the high-quality development of Hubei’s export-oriented economy.

(hubei.gov.cn by Zhang Yawei)