Global Sources and Globex to Launch Integrated Export System

Sourcing marketplace Global Sources has partnered with Shenzhen Globex e-Services to develop a new cross-border trade system for China-based exporters.

The new service aims to include:

  • Electronic customs declaration and clearance.
  • Full integration of customs, banking and shipment information.
  • The completion of tax refund applications directly to the exporter's account.

Participating buyers and sellers would gain visibility over all stages of the trade process, including payment, product inspection and shipment status.

Expected to launch in early 2017, the service is to be made available through the Global Sources website. It is designed to support B2B buyers who require rapid delivery times for ready-to-order products.

Craig Pepples, Global Sources' CEO, said: "We are committed to supporting the increasingly rapid pace of global trade. Buyers can now use our website to distinguish between products available for OEM manufacture and those available for immediate resale in physical stores or through online sales channels. Our planned new service enables our buyers to take the next step and conclude a transaction for ready-to-order products, vastly shortening their time to market."

Oliver Wu, General Manager of Shenzhen Globex e-Services Inc., said: "We are excited to announce this planned partnership with Global Sources, a leading facilitator for global trade over the past 45 years. Our comprehensive e-commerce services, combined with Global Sources' integrated export marketing offering, aim to provide buyers and suppliers with a more effective and efficient process to conduct trade."

Source: Global Sources

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