Qingdao WCNA helps enterprises expand overseas

Qingdao West Coast New Area (Qingdao WCNA) of Shandong province has always been striving to help enterprises expand their business abroad. Recently, after completing customs supervision and clearance procedures, Qingdao Bright Moon Seaweed Group Co efficiently shipped a total of 75 metric tons of brown algin, which was the 575th batch of seaweed products exported by the company this year.

In order to further release policy dividends and promote the efficiency and quality of foreign trade, Qingdao WCNA has actively carried out the authentication of Authorized Economic Operators (AEO) since January, which allows for easier and faster processing procedures by customs.

At the same time, Qingdao WCNA has established a growing number of e-commerce platforms to provide precise services for enterprises. Presently, Qingdao WCNA has created a cross-border e-commerce industrial belt integrating industries such as tires, home appliances, biomedicine and pet food by giving full play to the driving effect of leading enterprises in various industries, including Qingdao Bright Moon Seaweed Group Co, which has achieved a substantial increase in cross-border e-commerce export trade.

As such favorable measures are being implemented, fruitful results have been yielded. In the first three quarters of this year, the gross domestic product of Qingdao WCNA reached 343.68 billion yuan ($49.22 billion), up 5.3 percent year-on-year, which is 1.2 percentage points higher than the rest of Qingdao combined.