Events

Belt & Road Trading Platform Launched at Yingkou

2019-9-12 15:07:15

On 30 August, the Belt & Road (B&R) Trading Platform was launched at Yingkou, Liaoning Free Trade Zone. With global language, marketing, and e-commerce coverage, the Platform will help businesses with its expert committee of seasoned traders. Committed to increasing sales and reducing costs for exporters, the Platform is yet another measure of Yingkou for greater B&R development and opening up.

Today, 90% of international orders are made online. However, only 7% below of Yingkou exporters have such international access. To this end, the Yingkou Council for the Promotion of International Trade (CPIT) led in building the Platform based on the innovation of the Yingkou Free Trade Zone, to provide businesses with a one-stop access service. The Platform is expected to improve exporters’ efficiency, develop the city’s export-oriented economy, and expand opening up.

Yingkou sits at the intersection of the Northeast Asia Economic Circle and the Bohai Economic Rim where the Liaoning Coastal Economic Belt and the Shenyang Economic Zone overlap. An important link on the B&R, Yingkou connects the overland and maritime routes of the China-Mongolia-Russia Economic Corridor, and starts the eastern route of the Liaoning-Manzhouli-Europe Eurasian Land Bridge. This gives Yingkou the unique advantage of geographic connectivity.

Included in national strategies such as the B&R initiative, Northeast China Revitalization, and the Liaoning Coastal Economic Belt, Yingkou is home to its Free Trade Zone, Comprehensive Bonded Zone, National Economic Development Zone, and High-Tech Zone. Yingkou’s export-oriented growth and Northeast China could be hugely benefited from the B&R progress and greater opening up.

The B&R Trading Platform can directly connect businesses with foreign clients—a true saver of time and cost. The Platform’s all-round services make export a smooth journey.

Available in seven languages, the Platform also has an all-language AI and human translation and customer service support which provides 7*24 online services for Chinese and foreign exporters. The Platform promotes companies with its comprehensive marketing updated on Facebook, Google, and other major social media networks. The expert committee consisting of seasoned traders will also advise companies every step of the way.

Zhang Dong, Deputy Secretary General of the Yingkou Government and Deputy Executive Director of the Management Committee, Yingkou, Liaoning Free Trade Zone, expressed the following expectations in his speech:  CPIT will seize the opportunity, grow the Platform, introduce major business powerhouses with unique characteristics, improve the regional trade mix, and build a demonstration base of next-level trade; apply modern marketing philosophies and technologies to set the Platform apart; strengthen the Platform with multidimensional risk management consisting of credit collection and evaluation, documentation management, and risk warning.

At the launch ceremony, Liaoning Agricultural Technical College and the Management Committee signed a talent introduction agreement; Best Express and the Guozhu Supply Chain Group signed a cross-border logistics agreement; Beijing Changqing International Investment Co., Ltd and Yingkou Aojie Special Auto Manufacturing Co., Ltd signed a M&A agreement. In addition, CPIT designated four companies including the Liaoning Tungsheng Group as its deputy directors, six companies including the Yingkou Branch, Bank of China, as council members, and eight companies including the Liliwotu Liaoning Trading Company as members.