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CHINA AND THE RCEP:
Guangzhou Becomes First City
to Issue Special Cross-Border
E-Commerce Measures
By Qian Zhou, China Briefing, Dezan Shira & Associates
Guangzhou’s measures to promote cross-border e-commerce is the first such move in China
where special policies have been rolled out to help the local business community benefit from the
Regional Comprehensive Economic Partnership, when it comes into effect.
On March 30, the Guangzhou Municipal Bureau According to China’s commerce ministry, all
of Commerce published Several Measures signatories to the RCEP have made clear that they
for Guangzhou to Grasp the Opportunity of will strive to complete ratification within the year to
Regional Comprehensive Economic Partnership expedite its enactment by January 1, 2022.
(RCEP) to Promote the Innovative Development What do the new measures say?
of Cross-Border E-Commerce (CBEC) (the Several To seize the opportunity of the RCEP, accelerate
Measures). This makes Guangzhou the first city the innovative development of cross-border
in China to issue special policies to help the local e-commerce, and foster new drivers of foreign trade,
business community benefit from the RCEP – when Guangzhou has proposed to address the following
it enters into force. five aspects:
RCEP is the largest free trade agreement in history, • Optimize the business environment for CBEC
which consists of 15 countries – 10 member states of the • Foster the main market players
Association of Southeast Asian Nations (ASEAN), China, • Strengthen innovation capacity
Japan, South Korea, Australia, and New Zealand. • Expandinternationalmarketingnetwork
By far, Thailand, China, and Singapore have ratified • Enhance the training of professionals
the RCEP agreement. Once ratified by three-fifths of To optimize the business environment for CBEC,
the 15 signatories – namely six ASEAN countries and
three non-ASEAN countries, the RCEP the Several Measures propose the
agreement will enter into force below policies, among others:
in 60 days.
CHINA AND THE RCEP:
Guangzhou Becomes First City
to Issue Special Cross-Border
E-Commerce Measures
By Qian Zhou, China Briefing, Dezan Shira & Associates
Guangzhou’s measures to promote cross-border e-commerce is the first such move in China
where special policies have been rolled out to help the local business community benefit from the
Regional Comprehensive Economic Partnership, when it comes into effect.
On March 30, the Guangzhou Municipal Bureau According to China’s commerce ministry, all
of Commerce published Several Measures signatories to the RCEP have made clear that they
for Guangzhou to Grasp the Opportunity of will strive to complete ratification within the year to
Regional Comprehensive Economic Partnership expedite its enactment by January 1, 2022.
(RCEP) to Promote the Innovative Development What do the new measures say?
of Cross-Border E-Commerce (CBEC) (the Several To seize the opportunity of the RCEP, accelerate
Measures). This makes Guangzhou the first city the innovative development of cross-border
in China to issue special policies to help the local e-commerce, and foster new drivers of foreign trade,
business community benefit from the RCEP – when Guangzhou has proposed to address the following
it enters into force. five aspects:
RCEP is the largest free trade agreement in history, • Optimize the business environment for CBEC
which consists of 15 countries – 10 member states of the • Foster the main market players
Association of Southeast Asian Nations (ASEAN), China, • Strengthen innovation capacity
Japan, South Korea, Australia, and New Zealand. • Expandinternationalmarketingnetwork
By far, Thailand, China, and Singapore have ratified • Enhance the training of professionals
the RCEP agreement. Once ratified by three-fifths of To optimize the business environment for CBEC,
the 15 signatories – namely six ASEAN countries and
three non-ASEAN countries, the RCEP the Several Measures propose the
agreement will enter into force below policies, among others:
in 60 days.
