Vice Premier Wang Yang Calls for Global Cross-Border E-Commerce Development with Trade Liberalization & Facilitation

[2018-02-27 14:02:02]

According to Xinhua news, on 9 February 2018, Mr. Wang Yang, standing member of the Political Bureau of CPC Central Committee and Vice Premier of the State Council, delivered the keynote speech at the First Global Cross-Border E-Commerce Conference held in Beijing, China.

Mr. Wang pointed out that, with cross-border e-commerce as the fastest-growing mode of trade in this internet era, the Chinese government keeps innovating in China’s development mode, consolidating its infrastructure and improving its management policies and risk control so as to promote cross-border e-commerce standardization and development with Chinese characteristics.

According to Wang, as cross-border e-commerce is bringing new opportunities to make an open world economy, the international community should jointly ensure the sustainability of cross-border e-commerce in a proactive, inclusive and collaborative approach, as follows:

(1) Open domestic markets to each other and, on the basis of risk control, minimize the barriers to market access, thus promoting trade liberalization and facilitation;
(2) In the principle of co-construction and sharing, build the regulatory standards that are binding on all participants, and optimize the standards in practice;
(3) Improve the cooperation and coordination mechanism with mutual exchange of information, mutual recognition of regulations and mutual assistance of enforcement, such as “Single Window", thus breaking the "isolation” of information;
(4) Jointly carry out the "Belt and Road" initiative by means of interconnectivity and partnership, helping the underdeveloped countries foster cross-border e-commerce professionals and narrow the "digital gap".

This Conference, co-organized by World Customs Organization and General Administration of Customs of China, drew in more than 1,000 delegates of Customs authorities, government agencies, international organizations, business circles and academic circles from 125 countries or regions.
Source: ETCN