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Global Sources, Globex deal for cross-border trading, payment settlement online system launch

Wednesday 28 December 2016 | 10:14 AM CET

Global Sources, a B2B media services company, and Shenzhen Globex e-Services Inc., an integrated ecommerce service provider, have partnered to co-develop an integrated electronic solution to facilitate cross-border trade between mainland China-based exporters and overseas buyers.

Expected to launch in early 2017, the service will 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.

As an integrated system, the new service aims to include electronic customs declaration and clearance, full integration of customs, banking and shipment information, as well as completion of tax refund applications directly to the exporter's account.

Participating buyers and sellers wil gain visibility over all stages of the trade process, including payment, product inspection and shipment status.

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