Forwarding, Freight News

U-freight backs call for virtual free trade zones

[ September 14, 2016   //   ]

U-Freight Group chief executive, Simon Wong, has welcomed a call by the boss of online retailer Alibaba Group for an electronic world trade platform to make it easier for small and medium-sized enterprises to expand. The call was made recently by Jack Ma, Alibaba Group’s executive chairman.
Wong agrees that e-commerce can significantly reduce costs for smaller firms and also ease access to customers and that an electronic platform would give then a transparent and open platform to sell their goods and services globally.
In Ma’s vision, businesses would create hubs for e-commerce and governments would create virtual free trade zones for small businesses. The eHubs would allow small businesses in one country to sell to consumers in another, with low or no import duties, speedy customs clearances and better access to logistics.
U-Freight has already been qualified by China Customs and CIQ as a licensed Cross-border E-Commerce Enterprise, as well as a Cross-border E-Commerce Logistics Service Provider.
Wong said: “What Mr Ma is proposing is a platform that can lower the threshold and enable more people around the world to conduct trade by reducing barriers.”