Last year Chinese e-commerce giant Alibaba inked an agreement with Belgium to open its first Electronic World Trade Platform (eWTP) in Europe with the aim of promoting long-term cross-border trade
China and the EU are ranked as the world’s two largest exporters but sit third and fifth on the table for global imports. The EU’s trade with China hit a 10-year high last year. Exports to China hit €210 billion, up from €78 billion in 2008, while imports reached €395 billion compared with €215 a decade earlier.
©Awex. Pierre-Yves Jeholet, Vice-Président of Walloon government, and Mr. Jinping He, Vice Governor of Henan Province, launch the new Europe-China block train route between Liège (Belgium) and Zhengzhou (China).
According to data, the EU now has a trade deficit of €185 billion with PRC and now Beijing is also the EU’s second largest export partner, behind the US. That’s why both parties are promoting cross-border in both directions. An example of how China and EU could cooperate tighter due to create better environment for foreign trade was the agreement between Alibaba and Belgium government to open in the European country Chinese e-commerce giant first Electronic World Trade Platform.
Cainiao, the logistics arm of Alibaba, and Liège Airport also signed a contract to lease a 220,000-square-meter area to build a world-class smart logistics hub at the airport.
The initial investment will be 75 million euros, with the first phase of the facility planned to commence operations in early 2021. The Liège smart hub is expected to enhance overall logistics efficiency and help small- and medium-sized enterprises (SMEs) better manage their exports especially with the surge in global e-commerce.
©Cifnews雨果网. The first edition of the EU CBEC FORUM will focus on the best ways to engage with China in the Cross-Border E-commerce context.
In addition, the government of Belgium and Alibaba will work closely together to introduce new technologies that will promote the digitization of customs procedures and the more efficient clearance of goods, which will be crucial for global trade, in particular for SMEs.
Now Belgium is ready to host the first EU Cross border E-commerce Forum. EU CBEC Forum will focus on the best ways to engage with China in the Cross-Border E-commerce context, in order to fully take advantage of the opportunities offered by both Europe and China. EU CBEC Forum will focus on the best ways to engage with China in the Cross-Border E-commerce context, in order to fully take advantage of the opportunities offered by both Europe and China.
This event, launched thanks to the cooperation between Cifnews雨果网 and AWEX, wants to become the first and most prominent platform on cross-border e-commerce in Europe where all the players can meet and exchange ideas, find new partners, share experiences and grow their network in this fast-changing global environment.
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