APEC cross-border e-commerce workshop concluded successfully

The 2nd APEC Cross-Border E-Commerce Training Workshop (APEC CBET II), hosted by Ministry of Commerce, People’s Republic of China, supported by DHgate, Hong Kong, China, Indonesia, Peru, and Russia co-sponsoring, was successfully concluded in Beijing. Celebrity guest speakers, including famous scholars and experts, senior executives from trade associations and private sectors, shared unparalleled insights and experience in developing the digital economy. Government officials from more than 10 APEC economies, including Canada, Japan, Singapore, Thailand, and others, as well as multiple ministries and departments of PRC and other representatives, a total of more than 150 people, participated in the workshop, said a press release.

A broad spectrum of topics, including challenges and opportunities of global trade, the APEC digital economy integration, trends of cross-border e-commerce, trade policies of improving the efficiency and management of supply chain, and reopening borders initiatives.

Meanwhile, it also focuses on execution, from public policymaking, standard operation, innovative technology adoption, cross-border payments, financial loans, logistics construction, a new style of e-commerce, to the latest marketing trends. Mr. Song Yang, Director of Department of International Trade and Economic Affairs, Ministry of Commerce, said in his closing remarks, “This workshop identified precious takeaways of policy recommendations for boosting e-commerce and digital trade for the region in the context of the pandemic, which will profoundly benefit and shape APEC’s future discussions in this regard.”

According to a World Economic Forum report, the total global trade shrank by 8.9% in 2020, marking the worst recession since the 2008 financial crisis.