Shanghai Free Trade Zone - New Offshore Trade Policies

2020-06-19 11:13:28

Offshore trade refers to a trade model in which the goods are transported directly from the exporting country to the importing country without entering the border of the country where the contracts, payments, logistics, insurances, financial arrangements, as well as other trading documentations are processed and administrated. The Shanghai Free Trade Zone Offshore Trade Service Center was officially launched in April 2020, with more and more companies engaging in offshore trade expected to set up as a legal entity in the zone or move their regional headquarters, such as Volvo CE.

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