Global Sources to Co-Develop New Trading Solution with Globex

Global Sources said Wednesday it is planning to co-develop a fully integrated electronic solution with Shenzhen Globex e-Services to facilitate more efficient cross-border trade between mainland China-based exporters and overseas buyers.

The new service will feature electronic customs declaration and clearance, full integration of customs, banking and shipment information, and the completion of tax refund applications directly to the exporter’s account. Financial terms of the deal weren’t provided.