A bag of nuts is about CNY 110 in local supermarkets in the United States, but through trading agents, Chinese consumers will have to pay CNY 190. However, it will cost CNY 120 if it is shipped from Hangzhou Export Processing Zone due to cross-border trade e-commerce.
The city launched officially cross-border trade e-commerce service on Wednesday, which is more reliable than trading agents and provides cheaper goods than procurement through traditional imports means. The first goods were cleared under the supervision of the Custom of Hangzhou Economic and Technological Development Area and the quality inspection administration.
The prices of imported goods will be significantly reduced due to decreased import and circulation procedures, said an official with the cross-border trade e-commerce office of Hangzhou Economic and Technological Development Area. Centralized order placement also greatly decreases companies’ procurement and logistics costs.
Purchasing through agents bears more shipping risks as the shipping takes longer time, while cross-border trade e-commerce makes it as fast as buying from domestic e-commerce sites, and changing or refunding is also much faster.
The office revealed that it will establish experience centers, O2O e-commerce stores and set up special pavilions for goods imported from America and Europe, which are all impossible for traditional international trading and agents.
A total of 22 projects have entered the area to provide the service, including those operated by Tmall International and Yintai.com. The projects cover businesses such as network operation, product sales, smart logistics and support services.
Source: Hangzhou Government