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Ningbo completes first cross-border e-commerce B2B order in Zhejiang

Updated:2020-07-02 (chinadaily.com.cn)

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A total of 750 ergonomic products from Loctek (Ningbo) International Trade Co Ltd were loaded onto ships bound for the United States on July 1. 

This is the first B2B (business to business) cross-border e-commerce export order ever carried out by Ningbo Customs in Zhejiang.

The move comes after the General Administration of Customs announced that starting from July 1 it will initiate cross-border e-commerce B2B export trials at its 10 affiliated branches across the nation in cities such as Beijing, Tianjin, and Ningbo. 

"As a result, cross-border e-commerce exporters can convert many of the goods they export through general trade to a cross-border e-commerce B2B model," said a head official at Ningbo Customs.

Previously, only the cross-border B2C (business to customer) model was included in customs statistics on cross-border e-commerce exports. However, B2B exports that account for a larger share of cross-border e-commerce trade cannot be managed in accordance with the current cross-border e-commerce policy due to regulatory restrictions, according to Chen Lingling, an employee at Loctek.

The new policy allows enterprises to enjoy policy dividends in a timely manner, he said, revealing that all online orders the company received during the Canton Fair this year can be cleared through the new cross-border e-commerce supervision model.

Song Xiaofeng, vice president of Amazon China, said that separating cross-border e-commerce B2B trade from general trade will enable enterprises to benefit from cross-border e-commerce preferential policies such as cash rewards and tax exemptions.