Approval of 5 New CBEC Pilot Program Cities

From January 1st, 2018, China will put into effect new policy to duplicate the vigorous growth of cross border e-commerce (CBEC) achieved in the past through the, “earlier pilot program,” cities.

The National Development and Reform Commission, Ministry of Finance, General Administration of Customs, Administration of Taxation, Administration for Industry & Commerce, General Administration of Quality Supervision, Inspection and Quarantine, Food and Drug Administration have approved this policy for the development and reformation of trade. The policy expands beyond the set limits for Hefei, Chengdu, Dalian, Qingdao, and Suzhou. Soon the Chinese authorities will also draft new legislation to supervise the CBEC importation and aid the smooth transition of business.