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The State Council approved! "World Supermarket" will open a new round of international trade reform.The plan points out that Yiwu should be supported to deepen the reform of key areas and key links, try first and foremost in improving the market procurement trade mode, promoting the innovation and development of import trade, giving full play to the functions of comprehensive bonded areas, and promoting the improvement of cross-border e-commerce rules, and strive to solve deep-seated institutional and institutional problems, strengthen the construction of domestic and foreign trade integration standards, promote cooperation along the Belt and Road, innovatively support the high-quality development of China-Europe trains, explore experience for China to change its trade development mode, accelerate the construction of a trade power, and expand domestic and international markets.On December 11th, the General Office of the State Council issued a letter agreeing to the Overall Plan for Deepening the Comprehensive Reform of International Trade in Yiwu City, Zhejiang Province (hereinafter referred to as the "Plan"). This means that Yiwu will usher in a new round of international trade reform.

On December 11th, the General Office of the State Council issued a letter agreeing to the Overall Plan for Deepening the Comprehensive Reform of International Trade in Yiwu City, Zhejiang Province (hereinafter referred to as the "Plan"). This means that Yiwu will usher in a new round of international trade reform.It is reported that from January to September 2024, the transaction volume of new cross-border payment business of "Yi Pay Yiwu Pay" exceeded 20 billion yuan.Yiwu's international trade reform began in 2011, and Yiwu is also the first pilot city of comprehensive international trade reform approved by the State Council. Subsequently, Yiwu made a series of reform breakthroughs in key areas and links of international trade, which provided useful experience for promoting the transformation of the national foreign trade development mode and building an open economic system. Among them, the "market procurement" trade method initiated by Yiwu provides a simple and efficient system for the export of small commodities, which has been replicated and promoted in 39 cities across the country and has become an important measure for the steady growth of foreign trade.

As the world's largest small commodity distribution center, Yiwu market radiates to 233 countries and regions, with an average of 30 million express deliveries sent from here every day, which is related to the development of 2.1 million small and medium-sized enterprises and the employment of 32 million industrial workers.The State Council approved! "World Supermarket" will open a new round of international trade reform.According to local media reports, in this deepening of international trade reform, Yiwu will accelerate the breakthrough in "buying the world" and deepen the iteration in "selling the world". At the same time, focus on digital trade, do a good job of "platform building+market cultivation+model innovation", and comprehensively promote the digital upgrading of the four core elements of "people, goods, markets and chains".