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Central People Government of People Re : Chinese city launches new China-Europe freight train route

Chinese city launches new China-Europe freight train route

Multilateral agreement takes effect, 10-30% decline seen in Asia-Pacific transaction costs: UN

SOURCE / ECONOMY By Chi Jingyi Published: Feb 21, 2021 08:53 PM Aerial photo taken on Aug. 5, 2020 shows the Chengdu International Railway Port in Chengdu, capital of southwest China s Sichuan Province. (Xinhua/Liu Kun)A new international agreement promoting paperless trade officially took effect on Sunday, which analysts said will further leverage advantages of China s huge market and provide broader market opportunities for all Asia-Pacific members. The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, a UN treaty deposited with the Secretary General of the United Nations, consists of 25 articles, mainly covering a trade facilitation policy framework, cross-border paperless trade facilitation, and cross-border mutual recognition of trade data and documentation in electronic form.

Cross-border e-commerce gains traction aboard China-Europe freight trains | Hellenic Shipping News Worldwide

Cross-border e-commerce gains traction aboard China-Europe freight trains Residents of Chengdu, a city in southwest China known as a major habitat for giant pandas, are able to feast their eyes on products from nearly 40 countries during the Spring Festival holiday. Located in northeast Chengdu, the Chengdu International Railway Port has set up a cluster of pavilions to showcase and sell choice overseas products, ranging from French wines to German beers and Italian coffee. Most of the goods were imported via the China-Europe freight trains, a rail connectivity project initiated by China to boost exchanges with European countries. The Chinese New Year shopping tradition has led many locals to flock to the shopping cluster next to the freight rail, in search of variety and great deals.

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