Suzhou Industrial Park fully launched cross-border e-commerce import & export business on June 29, marking a marked improvement in the functions of SIP Integrated Free Trade Zone, and a new breakthrough in SIP's experimental work on trade diversity.

The launch of cross-border e-commerce import & export business gives a fresh impetus to enterprises in SIP Integrated Free Trade Zone to tap the sources in domestic and international markets. At present, quite a few international and national online retailers are optimistic about the development of trade functional area in SIP, and so far, Suning, JMEI and LightInTheBox have opened branches here.

SIP has been working hard to realize comprehensive import & export trade business since it delivered Jiangsu's first cross-border e-commerce cargo in December 2013. As the result of its persistent efforts, SIP Integrated Free Trade Zone, together with Chongqing Lianglu-Cuntan Free Trade Port Area, was officially approved by the State Council in September 2014 to try out new tax policies to promote trade diversity, and the trade functional area of the Zone was approved by the superior organ of customs to carry out exhibition & transaction of bonded goods and cross-border e-commerce import & export trade. On April 15 this year, the trade functional area started operation after the inspection and acceptance by General Administration of Customs of the PRC, Ministry of Finance, and State Administration of Taxation. And on May 11, the first goods was successfully cleared in the Zone since the country launched trade diversity on a trial basis, and on the same day, SIP Customs approved and issued the trade functional area's first e-account.