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PRC to raise support for FTZs, promote cross-border e-com

10
Jul '19
Pic: Shutter Stock
Pic: Shutter Stock
China will step up efforts to support pilot free trade zones (FTZs) to deepen reforms and facilitate cross-border e-commerce. The decision was taken at a State Council executive meeting chaired by Premier Li Keqiang recently, according to a Chinese government portal. The pilot FTZs will alleviate administrative burdens, improve services and prompt innovation.

Meanwhile, various measures will be unveiled to accelerate the development of cross-border e-commerce to propel upgradation of the industry, unleash the market potential, boost the logistics sector and creates jobs, an official statement said.

With more comprehensive cross-border e-commerce pilot zones to be added, the country will streamline the administrative procedures for taxing related businesses and enhance services.

In addition, the meeting decided to strengthen the protection of intellectual property in the cross-border e-commerce industry and the crackdown on counterfeiting and infringement. (DS)

Fibre2Fashion News Desk – India


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