China wants to expand e-commerce trade with Australia


China wants to expand e-commerce trade with Australia
  1. China wants to expand e-commerce trade with Australia
    theage.com.au
    China has declared it wants to level the playing field for Australian and Chinese companies selling products online, on the eve of Chinese Premier Li Keqiang's arrival to…
    Football

China has declared it wants to level the playing field for Australian and Chinese companies selling products online, on the eve of Chinese Premier Li Keqiang's arrival to Australia.

In a move that surprised the Australian business community in China, Chinese authorities appeared on Tuesday to have stepped back from tighter regulation of the booming online trade in Australian vitamins and baby food products.

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A statement issued by China's Ministry of Commerce said low-value products imported for personal use through e-commerce would be considered as a separate category. This is seen to remove labelling and registration requirements.

The move sent the shares of big Australian players rocketing which Blackmores (up 13.3 per cent), Bellamy's (up 14.66 per cent) and a2 Milk (up 4.88 per cent) all enjoying healthy gains.

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China's vice minister for foreign affairs, Zheng Zeguang, said in Beijing on Tuesday that China was "committed to a greater level playing field and promoting the sound development of retail imports in cross-border e-commerce".

He noted both China and Australia had seen rapid development in e-commerce.

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"This is new momentum and we should well utilise and better guide it," he said.

"Australian friends are very keen about this field and so are the Chinese business community.We are willing to expand cooperation with Australian companies in cross-border e-commerce," he said.

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