Experts on regional expansion, cross-border e-commerce product selection, foreign exchange collection, and settlement and logistics from Amazon visited the Cross-border E-Commerce Industrial Park in Chongqing's Dazu District on April 28.

Experts on regional expansion, cross-border e-commerce product selection, foreign exchange collection, and settlement and logistics from Amazon visited the Cross-border E-Commerce Industrial Park in Chongqing. (iChongqing/ Vivian Yan)

They had a meeting with over 50 small hardware manufacturing enterprises, foreign trade enterprises, and domestic e-commerce enterprises in the park. They shared opportunities on selling made-in-Chongqing small hardware products on the global market.

At the meeting, Liao Chenyu, founder of Chongqing Yijing Technology Co., Ltd., shared foreign exchange collection and settlement solutions designed for sellers on cross-border e-commerce platforms such as Amazon.

Meanwhile, Liu Qidong, General Manager of Shenzhen OKS, shared various cross-border logistics transportation modes for cross-border e-commerce and offered targeted suggestions for cross-border logistics options for different sellers.

This year, Chongqing will advance cross-border e-commerce upgrading, accelerate the cultivation of cross-border e-commerce entities and guide traditional manufacturing enterprises, foreign trade enterprises, and domestic e-commerce enterprises to obtain orders and expand markets through cross-border e-commerce channels and realize transformation and upgrading.

In order to build a cross-border e-commerce characteristic industrial belt and promote the mode combining the industrial belt and cross-border e-commerce, Chongqing will select competitive industries including glasses, hardware, auto accessories, mechanical tools, textiles, and clothing and carry out special resource matchmaking activities with popular cross-border e-commerce platforms at home and abroad such as Alibaba.com, thereby advancing industries to go global together.

Chongqing will advance industries to go global together. (Photo/ Chongqing Municipal Commission of Commerce)

The number of cross-border e-commerce enterprises that have been put on record in the city has exceeded 500, indicating a skyrocketing growth in cross-border e-commerce imports and exports.

From 2016 to 2020, Chongqing's total cross-border e-commerce import and export value maintained an average annual double-digit growth rate. In 2020, the city's total cross-border e-commerce import and export value reached 7.81 billion yuan (about 1.21 billion U.S. dollars).

Notably, the average annual growth rate of cross-border e-commerce retail (B2C) imports volume reached 21.93%, and theB2C retail imports volume ranked first in the central and western regions. In the first quarter of 2021, Chongqing's cross-border e-commerce import and export value hit 2.53 billion yuan, registering an increase of 49.9%.

Next, Chongqing will organize a series of activities such as forums, salons, and special training to strengthen cooperation between cross-border e-commerce platforms and Chongqing's cross-border e-commerce characteristic industrial belt.

By guiding traditional manufacturing enterprises, foreign trade enterprises, and domestic e-commerce enterprises to obtain orders and expand markets through cross-border e-commerce channels, Chongqing strives to advance branding, enhance the visibility of "Made in Chongqing" around the world and expand cross-border e-commerce exports volume.