To launch fully integrated online system for trading, customs declaration and payment settlement with Globex Global Sources and Shenzhen Globex e-Services Inc., an integrated e-commerce service provider, are planning to co-develop a fully integrated electronic solution to facilitate more efficient cross-border trade between mainland China-based exporters and overseas buyers. As an integrated system, the new service aims to include:
- Electronic customs declaration and clearance
- Full integration of customs, banking and shipment information
- The completion of tax refund applications directly to the exporter's account
Participating buyers and sellers would gain visibility over all stages of the trade process, including payment, product inspection and shipment status.
Expected to launch in early 2017, the service is to be made available through the Global Sources website to Global Sources' community of buyers and suppliers and is designed to support B2B buyers who require rapid delivery times for ready-to-order products.