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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, Zhejiang, known as the "world supermarket", is the largest small commodity distribution center in the world. Among them, Yiwu State-owned Commodity City (600415) is the main operator of Yiwu market.

According to the plan released by the State Council this time, in order to deepen the international trade reform in Yiwu, we should consolidate and apply the reform achievements in time, summarize and refine the effective experience and practices, form the system norms when conditions are ripe, copy and popularize them, and adjust and improve the measures that fail to meet expectations in time.Yiwu market is associated with 2.1 million small and medium-sized enterprises nationwide.In the new round of international trade reform in Yiwu, the National Development and Reform Commission will take the lead in providing guidance services, work with relevant departments in the State Council to implement the tasks according to the division of responsibilities, actively support Yiwu City in Zhejiang Province to deepen the comprehensive reform of international trade in accordance with relevant state regulations, strengthen overall coordination and guidance and evaluation, and help solve the difficulties and problems encountered in the implementation of the plan.

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.Yiwu market is associated with 2.1 million small and medium-sized enterprises nationwide.After years of operation and accumulation, Yiwu market has formed an industrial cluster in the field of small commodity circulation, which has collected a large amount of information and data such as trading, customs declaration, logistics and foreign exchange settlement, and explored new business models through multiple application products.