Under the current severe and complex foreign trade development environment, new foreign trade formats such as cross-border e-commerce and overseas warehouses have become significant drivers of foreign trade growth. According to data from the General Administration of Customs, China’s cross-border e-commerce import, and export (including B2B) in 2022 was 2.11 trillion yuan, a year-on-year increase of 9.8%, which was 2.1 percentage points higher than the overall foreign trade growth rate.

Recently, the Central Committee of the Communist Party of China and the State Council issued the “Outline for Building a Quality Powerful Country” and proposed to accelerate the development of new foreign trade formats such as overseas warehouses. The development of new forms of foreign trade such as cross-border e-commerce and overseas warehouses can not only help companies reduce costs, but also help companies deploy their products and brands globally, break through the bottleneck of global free trade, and help companies obtain more foreign trade orders. Expanding the international market will play an active role in stabilizing my country’s foreign trade and promoting the upgrading of foreign trade.

Director of the Foreign Trade Department of the Ministry of Commerce, Lee, said at the press conference of the State Council Information Office on February 2 that the further development of new formats such as cross-border e-commerce and overseas warehouses should be promoted, and digital means should be fully utilized to tap trade potential and drive the export of small, medium and micro foreign trade enterprises. The executive meeting of the State Council held on January 28 pointed out that the further development of cross-border e-commerce and overseas warehouses should be promoted.

As for how to further promote the development of new foreign trade formats, experts suggest that, on the one hand, we should strengthen the coordination between the government and enterprises, and give full play to the active role of market players in the development of new foreign trade formats; on the other hand, we must implement systematic and precise policies, such as customs supervision. Support enterprises in the construction of overseas warehouses according to the import and export characteristics of various countries in terms of finance, taxation, talent, and international cooperation.

Based on strong and effective strategic guidance and policy support, TouchDisplays has always insisted on multi-level and all-around participation in the reform and development of the foreign trade industry in Southwest China. Continuously optimize the export delivery process, and deliver each product to customers promptly, efficiently, and safely.

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