The Electronic World Trade Platform (EWTP) is an initiative that seeks to promote efficient policy and business environment for cross-border e-commerce. It was launched in Hangzhou, Zhejiang in 2019, with a mission to incubate eTrade rules, including B2B and B2C development, to foster small and medium-sized enterprises’ participation in global value chains. The program aims to simplify regulations and customs processes, lower tariffs, harmonize taxation, develop internet and logistics infrastructure, and facilitate the flow of goods, finance, and data.
With the rise of e-commerce, cross-border trade has become an essential part of the global economy. However, businesses face various barriers such as regulations, customs procedures, and logistics issues when it comes to conducting cross-border e-commerce. EWTP addresses these issues by incubating eTrade rules that promote a more efficient policy and business environment for cross-border e-commerce.
Assessing the Social and Economic Value of eTrade
EWTP aims to assess the social and economic value of eTrade in fostering small and medium-sized enterprises’ participation in global value chains. The program identifies and shares best practices for the development of efficient infrastructures such as cross-border eTrade hubs and experiment zones, smart logistics, credit payment, and technical assistance for emerging markets, with a view to influencing policy making and promoting inclusive eTrade.
Simplifying Regulations and Customs Processes
One of the significant challenges in cross-border e-commerce is navigating through the various regulations and customs processes. EWTP aims to simplify regulations and customs processes by incubating rules for the development of eTrade in terms of industry standards and rules. By doing so, the company hopes to promote a more efficient policy and business environment for cross-border e-commerce.
Harmonizing Taxation and Lowering Tariffs
Harmonizing taxation and lowering tariffs are crucial in promoting cross-border e-commerce. EWTP aims to lower tariffs and harmonize taxation to promote a more favorable policy environment for cross-border e-commerce. The company recognizes the importance of providing businesses with the necessary incentives to expand their markets, both domestically and internationally.
Conclusion
EWTP is an initiative that seeks to promote efficient policy and business environment for cross-border e-commerce. The program incubates eTrade rules to foster small and medium-sized enterprises’ participation in global value chains. By simplifying regulations and customs processes, harmonizing taxation, and lowering tariffs, the company aims to promote a more favorable policy environment for cross-border e-commerce. With a view to influencing policy-making and promoting inclusive eTrade, EWTP is paving the way for businesses to expand their markets both domestically and internationally.
Website: https://www.ewtp.org/
Facebook: https://www.facebook.com/eWTPcom
LinkedIn: https://www.linkedin.com/company/ewtp
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