The upgrade of euro trading orders at Alibaba International Station helps small and medium-sized foreign trade merchants to do a good job in the winter procurement season

The global epidemic has repeatedly impacted, the international logistics capacity is insufficient, the cross-border trade of domestic small and medium-sized foreign trade enterprises is facing serious challenges, and the order acquisition and shipment performance have different degrees of impact.

Recently, Alibaba International Station Cross-border Supply Chain officially launched the second "December Cross-border Trade Shipping Festival". The shipment festival will launch various preferential policies for foreign trade enterprises such as order service fees, logistics, supply chain finance, etc., to help small and medium-sized foreign trade enterprises to benefit from the service supply chain and find efficiency from the whole link.

"Collect with peace of mind, receive goods with worry." It is the main purpose of the Ali International Station Shipping Festival.

Since 2021, the global cross-border logistics container freight rate has increased by 5-10 times, the air freight rate has increased by 21%, which is nearly 4 times higher than before the epidemic (data source: CICC Research Department), and the global container liner punctuality rate has fallen by more than 50% compared with before the epidemic, reaching a historical low (data source: Shanghai Shipping Exchange, Alibaba International Station Platform). During the "December Cross-border Trade Shipment Festival", Alibaba International Station Cross-border Supply Chain will cooperate with internationally renowned logistics service providers and world-leading shipowner companies to launch 8 national special lines with a reduction of 50 yuan per order; 19 worry-free lines with full rebate points; China-Europe railway lines with a single discount of 100 yuan per single line; and a reduction of 150 yuan per single Chinese and American fast ship line. Help foreign trade merchants to provide more competitive logistics services in the environment of rising market logistics costs to ensure the logistics experience.

The fluctuation of the exchange rate also brings visible loss of revenue to foreign trade merchants, which is one of the long-term pain points of small and medium-sized foreign trade merchants. According to data released by the Stable Global Banking Institute for Financial Telecommunication (SWIFT) in June 2021, the euro has surpassed the US dollar to become the world's most important payment currency (39.03%).

In view of this, in order to better help small and medium-sized foreign trade merchants to do online transactions in the winter procurement season. In December, alibaba's international cross-border supply chain was upgraded for euro transaction orders, realizing the functions of euro denomination, payment and settlement of online orders, supporting sellers to withdraw cash in euros without exchanging euros into US dollars, reducing exchange costs.

It is understood that during the "December Cross-border Trade Shipment Festival", merchants can enjoy preferential treatment such as Yidatong agent export, market procurement export, self-operated export order service fee of 50%, business loan interest-free, letter of credit financing and other preferential treatment.

At the same time, from December 7th to 30th, the December Cross-border Trade And Shipment Festival National Tour Forum will be launched in Guangzhou, Qingdao, Xiamen and other cities to explain digital supply chain services for local merchants and better help merchants to perform their contracts efficiently and cost-effectively.

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