Foreign Trade in Yiwu bucked the trend

“World Commodity Capital” Yiwu, why can overcome the adverse effects such as market weakness, to achieve stable and positive foreign trade development? What’s his new move?

Aware of everyone’s difficulties, the Yiwu municipal government took the lead in launching a digital trade integrated service platform for Yiwu small commodity city to guide merchants to change their business methods and expand procurement resources at home and abroad, at the same time to provide digital international warehousing, logistics, payment, booking and other trade services.

The platform can solve the problems of production design, display trade, trade performance, customs inspection and foreign exchange tax, and financial credit, etc. . So far, the Yiwu small commodity city digital trading platform has been living in more than 60,000 physical stores, 2.1 million registered buyers.

At the same time, Yiwu has also organized departments of Commerce, taxation, customs and finance to enter enterprises, reduce or waive rents, strengthen financial assistance, and create a sound business environment to protect smes and micro enterprises.

Supported by a series of support measures, Yiwu’s imports and exports totaled 183.14 billion yuan in the first five months of this year, an increase of 43.7 percent over the same period last year.+