Vice-Premier Wang Yang on May 27 called for closer cooperation between the customs authorities of countries along the new Silk Road to allow more efficient trading procedures and cross-border e-commerce activities.
The Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives were put forward by President Xi Jinping in 2013, with the purpose of rejuvenating the two ancient trading routes and further opening up the markets.
“Even though the economic growth of many countries along the routes remains slow under current global economic conditions, they should continue to develop new business growth points and oppose trade protectionism,” Wang told a forum held on Wednesday in Xi’an for heads of customs administrations from countries likely to be involved.
To facilitate more trade, Wang said China will improve its ability to combat cross-border smuggling activities and continue to support international logistics, customs clearance, trans-shipment cargo and multi-model transportation, as well as establishing the most efficient supervision model possible for cross-border e-commerce activity.
The Silk Road Economic Belt is to be established along the ancient Silk Road trade route, stretching northwest from China’s coastal area through Central Asia, the Middle East and on to Europe.
The 21st-Century Maritime Silk Road is designed to go from China’s coast to Europe through the South China Sea and the Indian Ocean in one route, and from China’s coast through the South China Sea to the South Pacific in the other.
Keen to cut customs clearance costs and improve efficiency, 10 customs departments from nine Chinese provinces and autonomous regions along the two trading routes have signed a cooperation agreement on integrating regional customs clearance procedures.