The official website of the China (Yunnan) Pilot Free Trade Zone (FTZ) is launched at an inauguration ceremony of the FTZ in Kunming, southwest China's Yunnan Province, Aug. 30, 2019. (Xinhua/Hu Chao)
BEIJING, Sept. 8 (Xinhua) – Kunming area of China (Yunnan) Pilot Free Trade Zone (FTZ), or Yunnan FTZ, located in southwest China's Yunnan province, saw its cross-border e-commerce trade stood at 6 million transactions in the first eight months of the year, with trade value amounted to 60 million U.S. dollars, according to Yunnan Daily on Tuesday.
It is noted that the Kunming area was approved by the customs to launch a cross-border e-commerce business in November 2020. Since the beginning of this year, the local customs in Kunming have registered a daily average of nearly 40,000 cross-border e-commerce transactions, of which the highest daily record stood at 360,000 transactions.
By far, 48 cross-border e-commerce enterprises have opened business in the Kunming area, operating import trade of milk powder, cosmetics, daily necessities and other commodities imported from Thailand and Sri Lanka.
Meanwhile, the export cross-border e-commerce trading partners of the enterprises in the area are from Thailand, Myanmar, Vietnam, and Pakistan, and the exported commodities include daily necessities, mobile phone parts, and clothing.
According to Kunming Huimei Cross-border E-Commerce Co., Ltd., a local company engaged with cross-border e-commerce business in the Kunming area, the company realized 4.68 million cross-border e-commerce transactions worth 51.09 million U.S. dollars from January to August this year.
Inaugurated on August 30 in 2019, the Yunnan FTZ covers Kunming area, Honghe area and Dehong area. It will focus on cross-border economic cooperation and strive to build itself into China's open front to South Asia and Southeast Asia.
(Edited by Jiang Feifan with Xinhua Silk Road, firstname.lastname@example.org)