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WTO to help promote SME development through e-commerce

(People's Daily Online)    18:26, December 22, 2017

The World Trade Organization (WTO) will help small- and medium-sized enterprises (SME) to better seek overseas development through e-commerce, according to a statement made by the organization, guancha.cn reported on Dec. 21.

The organization is to cooperate with the Electronic World Trade Platform (eWTP), an e-commerce platform proposed by China’s e-commerce giant Alibaba.

Statistics by China’s Ministry of Commerce shows that China’s cross-border e-commerce trade volume now accounts for about 17 percent of its exports and imports, and is expected to continue to rise in the future..

Against the backdrop of rapidly-developing e-commerce at home and abroad, the WTO aims to seek deeper cooperation with SMEs through e-commerce platforms.

In addition, eWTP can help solve problems regarding infrastructure in SME development, including transactions, payment, and logistics.

For example, the platform’s first overseas pilot zone was launched in Malaysia this September, successfully helping the locals sell their products to Poland and other countries.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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