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Shanghai FTZ launches online shopping portal

Updated: 2013-11-19 21:04
By SHI JING in Shanghai ( chinadaily.com.cn)

After more than a month of testing, the cross-border e-commerce platform of the China (Shanghai) Pilot Free Trade Zone started its dry run on Monday.

A total of 101 products are now being sold through Buyeasi.com, with prices around 30 percent lower than in stores, almost as low as those offered by online shopping agents based overseas.

The FTZ platform requires that tariffs be added to sale prices, with tariff rates varying according to product category. For example, the tariff imposed on bags is 10 percent, while that for cosmetics is between 30 and 50 percent.

Products on Buyeasi.com fall into two main categories. The FTZ product category mainly includes well-known luxury items, such as bags, belts and fashion accessories. These products make use of warehousing and bonded regulations in the FTZ, and products are delivered to customers from the FTZ warehouses.

Buyeasi also sells skincare products supplied directly from overseas. Customers who purchase such products via the portal will receive their package direct from the overseas supplier within three or four days.

 

 
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