The China (Nanning) Comprehensive Cross-Border E-Commerce Pilot Zone will begin operating on Dec 15 to promote electronic trade with ASEAN, according to the Department of Commerce of Guangxi Zhuang Autonomous Region.

This news follows the State Council's decision in July to establish a third set of pilot zones for cross-border e-commerce across 22 cities, including Shenyang, Harbin, Nanchang, Wuhan, Nanjing and Zhuhai. 

The Nanning pilot zone is expected to pioneer business-to-business (B2B) technological standards in trade, payment, logistics, customs clearance, tax refunds, and exchange settlements, as well as in business procedures, supervision and information practices.

Launch ceremony of the China (Nanning) Comprehensive Cross-Border E-Commerce Pilot Zone. [Photo/nnnews.net]

It is also expected to accelerate innovation in institutions, management and service, as well as improve institutional systems, thereby promoting the healthy development of the sector. Its experiences and practices will be replicated and promoted elsewhere in the country.

Nanning was designated as one of 21 E-Commerce Demonstration Cities in December 2011, which puts its foreign trade growth on a fast track. In the first half of this year, the city handled more than 1.35 million contracts and $9.17 million in exports and imports.