Shandong: To Become An Important Port For Cross-Border Electricity Suppliers Across The Country

Recently, the first batch of maritime cross-border e-commerce seaexpress export goods launched by China Post Express Logistics Limited by Share Ltd Shandong branch and South Korea postal service successfully pferred to Inchon, South Korea, and successfully cleared customs and delivery. The export process was unobstructed, marking the first batch of China and South Korea's cross border electricity supplier export goods test successfully.

Shandong post express logistics company will make use of

Qingdao, Yantai, Weihai post port channel resources and convenient customs clearance policy, through the provision of a package of customs clearance, tax rebate, pportation, delivery and other quality services, promote

The development of enterprises and postal courier logistics enterprises will promote cross-border export trade and build Shandong into a cross-border electricity supplier across the country.

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According to the Ministry of industry and commerce, the Ministry of industry and Commerce of Korea announced the "import and export trend of February" (provisional value of Customs Statistics in from February 1st to 29th) according to the Ministry of industry and Commerce resources of South Korea. The export volume of South Korea in February this year was about $36 billion 420 million, a decrease of 12.2% compared with (2015) in the same month, and the import amount of about $29 billion 20 million, which also decreased by 14.6% compared with the same month last year. The trade surplus was about 7 billion 400 million US dollars, showing a trade surplus record for 49 consecutive months.

In February this year, the 13 major export items of Korea (the Provisional Statistics for customs statistics in from February 1st to 29th), except for computers, wireless communications machinery and general machinery exports increased by 6.2%, 2.8% and 2.4% respectively, the remaining items showed a decline. Fiber, auto parts, steel, stone oil chemistry, automobiles, semiconductors, household appliances, plane display devices, petroleum products and ships, respectively, declined 0.1%, 2.1%, 2.9%, 6.4%, 9.3%, 12.6%, 13%, 13%, 13% and 13%.

According to local media reports, the Korean economy has been in a downturn for 14 months as the export volume of Korea has been decreasing for a period of two months. The main reason is that the recovery of the advanced countries is slow and the international oil prices have continued to fall. In addition, the demand for the main export items in the global market is reduced, and the excessive concentration of competitive industries is also an influencing factor.

In addition, some experts pointed out that the government's initiative to expand the consumer market in mainland China through the use of the Korean Free Trade Agreement (FTA), and the new export strategy to integrate new markets with information and communication technology (ICT) and virtual reality (VR), may need to be revised.