14 Oct 2015
Tianjin Becomes Eighth Cross-Border E-Commerce Pilot City
Tianjin was given the green light in September to become the 8th cross-border e-commerce pilot city eligible for conducting bonded import business on the mainland.
As a pilot city, Tianjin has to carry out innovation in two areas. First, policy and business innovation, with efforts devoted to exploring the right system for the development of cross-border e-commerce. Second, informatisation innovation, where action will be taken to capitalise on the e-port coordination mechanism and on platform building to promote business synergy and information sharing between port authorities and e-commerce operators, payment companies and logistics firms, in a move to resolve problems arising from cross-border e-commerce.
Of the four modes of operation of import-export business conducted at cross-border e-commerce pilot cities, “general export”, “bonded export” and “direct purchase import” are already available across the country, while “bonded import” remains the core business of the pilot cities. The advantages of the bonded import mode, namely large quantities, central purchasing and bonded warehousing, are apparent and they help lower the purchasing and logistics costs of the imported products. Under the B2C (business-to-consumer) direct sale mode, the circulation links of imported products are reduced and customs clearance efficiency is raised, thus lowering the prices of products imported under general trade. Also, where customs declaration, inspection, quarantine and product traceability are concerned, the products are monitored all the way and hence their quality can be guaranteed.