Nandu News reporter Feng Yunqing "Through this exchange meeting, we hope to bring medical technology that can predict severe illness and even cancer to the UNITED Arab Emirates, and then further radiate the entire Middle East market to help cure pre-existing diseases and reduce the burden on families and society." Sheng Dexi, CEO of Shanghai Miyin Big Data Technology Co., Ltd., told reporters that the company's development of the market in the countries along the "Belt and Road" has just started, and this time he came to the meeting in the hope of borrowing the platform to make the company's intelligent health big data engine and products better go to sea.
On the afternoon of January 12, the Dubai World Expo China Pavilion Guangdong Activity Week hosted by the Guangdong Provincial Council for the Promotion of International Trade was held in the Global Emerging Markets Cross-border E-commerce Exchange Conference, with the theme of "Empowering Cross-border New Formats, Mutual Integration and Benefiting the World", which was held in a combination of online and offline.
The scene of cross-border e-commerce exchange meetings in emerging markets around the world. Photo courtesy of Guangdong Provincial Council for the Promotion of International Trade.
More than 70% of the country's cross-border exports come from the Pearl River Delta
In recent years, cross-border e-commerce has reached more and more commodity suppliers and consumers by virtue of digitalization, superimposed on the country's policy dividends, and cross-border e-commerce has ushered in a golden period of rapid development, which has become a new momentum and important support for China's stable foreign trade.
Guangdong's cross-border e-commerce import and export volume has ranked first in the country for seven consecutive years, from 22.796 billion yuan in 2016 to 172.646 billion yuan in 2020, with an average annual growth rate of 65.9%. In 2021, more than 30,000 enterprises in Foshan sold domestic goods to the world through cross-border e-commerce, and the volume of export orders increased by 70%; in Dongguan, the cumulative import and export volume of cross-border e-commerce has exceeded 100 billion yuan; at the Guangzhou Baiyun Airport Port, the cross-border e-commerce business model continues to lead the national airport port; in Shenzhen, the total amount of cross-border RMB settlement in 2021 exceeded 3 trillion yuan for the first time, and a large number of cross-border e-commerce leading enterprises also came into being, 70% of the country The above cross-border exports are sold to all over the world through the Pearl River Delta region.
Cui Shuang, vice president of the Guangdong Council for the Promotion of International Trade, said in his speech that with the continuous development of support policies and trade customs clearance facilitation, it is expected that the development of cross-border e-commerce in China will maintain a rapid growth momentum in the future. In the next step, the Guangdong Provincial Council for the Promotion of International Trade will hold a series of economic and trade activities to support the high-quality development of cross-border e-commerce, build more platforms for dialogue and exchange, and at the same time, provide professional counseling for cross-border e-commerce enterprises, help enterprises identify and prevent compliance risks, improve compliance management levels, and implement cross-border e-commerce boosting plans, integrate resources from all parties, and strive to create a high-quality cross-border e-commerce product docking platform to achieve the aggregation and sharing of ecological resources.
In a video message, Dubai Investment And Development Agency CEO Fahad Ghavi said that emerging countries have been marked as "hot spots" for cross-border e-commerce, China is considered a pioneer in the digitization of global foreign trade, and the "Belt and Road" initiative has paved the way for strengthening cooperation with other economies. It is expected that the cooperation between Dubai and Guangdong in the field of cross-border e-commerce will bear fruitful results.
Expert: Companies should conduct internal compliance investigations as early as possible
Wang Jian, professor of the School of International Business and Economics of the University of International Business and Economics and director of the APEC Cross-border E-commerce Innovation and Development Research Center, believes that the regional advantages of Guangdong's cross-border e-commerce development are remarkable, and the medium-term planning is clear and grand, and it is recommended to promote innovative development from five aspects: optimizing the port business environment, cultivating innovative subjects, strengthening independent innovation capabilities, expanding international marketing networks, and strengthening talent training.
Wang Jian, professor of the School of International Business and Economics of the University of International Business and Economics and director of the APEC Cross-border E-commerce Innovation and Development Research Center, delivered a speech. Photo courtesy of Guangdong Provincial Council for the Promotion of International Trade.
Wang Jian said that independent stations are one of the important choices for further enlargement and strength after the development of enterprises to a certain scale. By establishing independent stations, it is conducive to the construction of ecological chains and the establishment of independent customer groups.
"Through the survey, more than 80% of companies plan to invest heavily in brand and product innovation in the future, which is a very good signal. In the future, the development of enterprises should also be integrated, not only to carry out business on one platform, but also to multi-channel, and even to establish their own ecosystem. Wang Jian said.
In addition to the independent station, compliance issues were also a hot topic of discussion among the participants on the day, which is a challenge for almost all companies trying to operate internationally. Sidley Saidheed said, "It is not enough to have leading technology, each country will have different requirements, how can we find the best way to avoid these legal risks?" There may be many minefields we face, and I hope that the government will support us more so that we can better go out. ”
Feng Xiaopeng, a partner at King & Wood Mallesons, also believes that only by complying with international operations can cross-border e-commerce companies better grasp opportunities. Feng Xiaopeng suggested that enterprises should carry out internal compliance investigations and compliance adjustments as soon as possible, achieve compliance with business models and export models, actively communicate with local tax bureaus and foreign exchange administrations, and clarify the ways and processes for applying for tax exemptions, tax refunds and foreign exchange receipts. At the same time, it is necessary to design and implement the supply chain compliance system, including supplier management, logistics quality control, warehousing and logistics management, customs clearance risk control, etc.
"Enterprises should also design a risk isolation system to control the legal risks brought to the company by suppliers, freight forwarders and other partners who violate laws and regulations." In addition, compliance under existing policy and institutional conditions can be achieved by setting up overseas subsidiaries to build overseas structures. Feng Xiaopeng said.