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A Picture to Know Cross-Border E-Commerce Import Retail Policy
2018-11-22 17:16  Click:369
 On the 21st of November, Premier Li Keqiang chaired the State Council executive meeting and decided to continue and improve the cross-border e-commerce retail import policy and expand the scope of application, and expand the opening to stimulate the consumption potential. Global Foodmate has reviewed the changes in cross-border e-commerce retail import policies and the latest policy contents in recent years in the form of long picture. Please the below picture:

Interpretation of Cross-Border E-Commerce Retail im<em></em>port Supervision policy

As a new international trade method, a new trading model and a new economic growth point, cross-border e-commerce have huge market potential and vitality. With the improvement of the national e-commerce operating environment and the introduction of relevant support policies, it provides greater opportunities for the development of cross-border e-commerce.Global Foodmate's in-depth interpretation of China's cross-border e-commerce:

 

1

The overall situation of cross-border e-commerce development in China

 

According to the monitoring data of the E-Commerce Research Center, the scale of cross-border e-commerce transactions in China in 2008 was 8.06 trillion yuan, a year-on-year increase of 20.3% has been archived. Cross-border e-commerce B2B transactions accounted for 85.2%, cross-border e-commerce B2C transactions accounted for 14.8%, China's cross-border e-commerce in-depth development, in B2B, B2C, and other directions have shown an active development trend, industrial scale and radiation The field of driving continues to expand.

 

2

Opportunities and challenges of cross-border e-commerce in China

 

 

Challenges

1) China has not yet established a sound cross-border e-commerce regulatory policy system, which has restricted the expansion of cross-border e-commerce business to a certain extent;

2) With the rapid development of cross-border e-commerce in China, major trading partners have successively introduced policies restricting the development of cross-border e-commerce in order to protect their national interests.

 

Opportunities

1) “One Belt, One Road” cross-border e-commerce will flourish. According to the statistics of the General Administration of Customs, the total value of China's imports and exports in the countries along the “One Belt, One Road” reached 737 trillion yuan in 2017, an increase of 17.8% over the same period of last year. The growth rate was 3.6 percentage points higher than the national foreign trade growth rate.

2) User consumption upgrades have higher requirements for cross-border e-commerce and more emphasis on improving the quality and happiness of life or living standards. Consumers no longer only pay attention to the price when purchasing goods, but will consider the products comprehensively, paying attention to quality, safety, and fashion trends.

3) The cross-border e-commerce platform began to integrate high-quality goods at home and abroad, fully increase the richness of platform products, and provide high-quality goods at home and abroad for users with different needs.

4) The cross-border e-commerce platform will generally adopt the “bonded import” model, which can effectively solve the pain of cross-border e-commerce logistics that are difficult to track, slow customs clearance, and difficult to return.

 

3

Global Foodmate Analysis and Recommendations

 

The decision of this meeting is undoubtedly a great news for cross-border e-commerce import enterprises. For special foods such as infant formula, special medical formula, health food, etc., it is subject to market supervision through general trade. The registration period of the department, etc., has a long period of time; the resolution of this meeting continues to be clear. importing such products through cross-border e-commerce does not require registration and filling. According to the management of personal use items, it means that the food imported by cross-border e-commerce do not necessary to have the Chinese label.  This policy does not specify the timeline limit node at the end of the transition period, which will make it easier and faster for cross-border e-commerce retailers to import special foods. Enterprises should seize the opportunity to use the policy dividend to gain more benefits; at the same time, they should pay close attention to Cross-border e-commerce regulatory policy changes, timely adjustment of production and operation strategies to ensure compliance and reduce risks.