Yiwu new market model brings new opportunities

                  Through the implementation of the reform of classified customs clearance, we have fully implemented the automation and paperless customs declaration for the examination of documents and the release of goods, and realized round-the-clock release of goods, the average customs clearance time for export commodities was shortened to less than one hour. In addition, not long ago, Yiwu also aimed at“Small and small batch” products, upgraded the market procurement trade method, and introduced the pre-declaration inspection and supervision model, that is, if the market purchases the export of a single commodity and the value of the goods does not exceed US $1,000 or the weight does not exceed 50 kilograms, “Small amounts and small batches” may be applied, implement automatic inspection and Quarantine Audit, rapid issuance of electronic ledger.

               At present, more than 97.5% of small-amount and small-batch products can be examined through the centralized single link to achieve a rapid order. In the first half of this year, Yiwu exported 181.00 billion yuan through market procurement trade, up 19.1 percent year on year and accounting for 76.2 percent of Yiwu’s total export value.

               From“Products to sea” gradually upgraded to“Brand to sea”. In June this year, Yiwu launched the“Brand going to sea” season, through the formation of brand going to sea alliance, held Yiwu Top 10 brand selection, organized a number of foreign business fair, launched Morocco, Thailand, South Korea and other marine exhibitions and a series of activities to help enterprises into the broader international market.