Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
LHASA, May 11 (Xinhua) — A new cross-border e-commerce industrial park opened in Lhasa, capital of southwest China’s Xizang Autonomous Region, on Friday as part of efforts to deepen economic and trade ties with South Asia, local authorities said.
The industrial park was designed as a comprehensive platform for product display, warehousing, logistics, customs clearance and financial settlement, the city’s Commerce Department said.
The 16,000 square meter park is already home to 12 cross-border e-commerce companies.
The goods are reportedly first consolidated in two major domestic trading hubs, Guangzhou and Yiwu, before being routed through Lhasa and shipped to an 1,800-square-meter overseas warehouse in Nepal.
The overseas warehouse has reduced delivery time from 60 days by sea to just 20 days. Logistics efficiency has increased significantly and overall costs have been reduced, giving companies a competitive advantage when entering South Asian markets.
The park will attract more businesses in the future and facilitate the flow of goods imported from South Asia, the city’s Commerce Department said.
The project is part of China’s broader efforts to strengthen ties with South Asia. Official data showed that trade between China and South Asian countries will reach nearly $200 billion in 2023, double the level in 2013. -0-