ID :
378133
Mon, 08/24/2015 - 16:47
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China proposes creating Internet trade hub in Russia's Pacific port of Vladivostok

HARBIN, August 24. /TASS/. The government in the Heilongjiang province in northeast China has proposed creating an Internet trade logistics hub on the territory of Russia’s free port of Vladivostok, a local government official said on Monday. "We want to create a logistic hub in the free port of Vladivostok and we’ll offer this project at the EXPO fair in Harbin," the official said. The hub is expected to process goods and purchases ordered through the Internet from the territory of China. Today, postal dispatches are processed in the logistics hubs in Yekaterinburg, Blagoveshchensk, Moscow and Novosibirsk. Considering that the hub will be located on the territory of the free port, customs clearance of goods will be based on a simplified procedure. "The customs duty will be paid when the goods leave the free zone," the Heilongjiang province official said. Internet trade between Russia and China has been observed to grow by about 30 per cent annually in the past few years and the Internet industry expects further growth amid the refusal of Russian Internet stores to work with European partners over the ruble’s sharp depreciation. Internet trade between Russia and China may reach $36 billion in 2015, Internet market participants say. Russian President Vladimir Putin signed a law in July on creating the free port of Vladivostok. The document will come into force on September 12. The free port will comprise all the sea ports in the south of the Primorye Territory on the Russian Pacific coast, Knevichi airport and railway links. The free port will allow companies to bring goods into Russia for their further export through the Vladivostok port terminals actually without customs clearance. Read more

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