On September 5, the two-day G20 summit was successfully concluded in The G20 has concluded Hangzhou. Against the backdrop of the general slowdown in global economic development. It not only triggered the continued rise of global cross-border e-commerce. But also brought great benefits to the development of global cross-border e-commerce.
In the past year, the growth rate of global trade has gradually slowed down, and the growth rate of China’s cross-border e-commerce exports has also declined, but its growth rate is still higher than the growth rate of ordinary goods trade imports, and The G20 has concluded the e-commerce penetration rate in China’s import and export trade continues to remain high. As an important “online Silk Road”, cross-border e-commerce plays an indispensable role in the development of global trade linkage. The G20 summit focused on the promotion of global trade and investment and world connectivity, which undoubtedly brought new benefits to the cross-border e-commerce market.
What is the intrinsic connection between the G20 Summit and cross-border e-commerce?
In recent years, global trade development has entered israel whatsapp number data a downturn. With trade growth rates lower than the world economic growth rate for five consecutive years. The multilateral trading system has also fallen into trouble, and the WTO Doha Round negotiations are struggling. While traditional trade has fallen The G20 has concluded into a low ebb, cross-border e-commerce is developing rapidly. Therefore, promoting global trade growth is an important topic of the 2016 Hangzhou G20 Summit.
Cross-border e-commerce is building a free, open, universal and inclusive global trade platform
On this platform, hundreds of millions phone number library of consumers can buy globally. And small and medium-sized enterprises can sell globally, truly realizing global connection and global linkage. It can be foreseen that in the future. Cross-border e-commerce will connect the world and become the main form of global trade in the future.
What good news can the G20 bring to cross-border e-commerce?
As the host of the G20 Hangzhou Summit, China has called for trade to be discussed on an equal footing with fiscal and financial policies.
At the trade ministers’ meeting held in July this year
All parties reached a consensus on the G20 Global Trade Growth Strategy. Which established seven major cooperation pillars, including reducing ja phone number trade costs. Promoting trade in services, and enhancing trade financing. These pillars will actually promote global trade growth. For example, the early implementation of the Trade Facilitation Agreement is expected to reduce global trade costs by 15%.
