LINE

    Text:AAAPrint
    Economy

    Cross-border zone for pet foods to help meet buoyant demand

    1
    2017-03-28 08:28China Daily Editor: Mo Hong'e ECNS App Download
    A woman holds her pet while choosing goods at a show in Zhengzhou, Henan province. (Photo/China Daily)

    A woman holds her pet while choosing goods at a show in Zhengzhou, Henan province. (Photo/China Daily)

    The domestic pet food market is expected to grow at an annual rate of more than 30 percent to reach 150 billion yuan ($21.84 billion) by 2020, making it the world's third-largest.

    The expectations follow a market transaction surge to 53.5 billion yuan in 2016 from 19.32 billion yuan in 2013.

    Riding this boom, Hangzhou, Zhejiang province, inaugurated the country's first cross-border pet industry experimental zone in the city's Jianggan district on Monday.

    The experimental zone will pilot reforms on the approval and regulation of cross-border pet food imports, explore the introduction of national standards for the industry and promote the exportation of domestically made products.

    To date, nearly 30 enterprises-including cross-border e-commerce sites such as Tmall, Kaola and Beibei, and related logistics and warehousing companies-have established their presence in the experimental zone, said Li Yuan, deputy head of the district.

    The zone enables one-stop services and aims to put in place open, transparent and smart pet food import channels and regulatory policies, he added.

    Huisen Pet Food Trading Co provides agency services for foreign pet food producers applying for import certificates. It also plans to engage in pet food imports in the future. The company has received many inquiries and helped several foreign companies prepare application materials since settling in the zone in December.

    "The cost of all the procedures stands at about 50,000 yuan. The time for handling applications for import certificates has shortened from one year to 180 days, and even three months in some cases," said Ni Guoping, general manager of the company.

    Currently, pet food imports mainly come from two channels, the traditional channel of general trade and overseas purchase agents, or WeChat store owners who are in a gray regulatory area, according to Xing Yue, deputy general manager of cross-border e-commerce site Tmall Global.

    The channels available to meet buoyant demand are limited and there is a need to bring the gray channels of cross-border pet food shopping into the sunlight, she said.

    At the inauguration ceremony, Tmall Global signed a strategic cooperation agreement with Jianggan district's Qiantang Smart City.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 沁源县| 民乐县| 济宁市| 甘泉县| 佛冈县| 锦州市| 澄江县| 鄂托克旗| 荥阳市| 赞皇县| 和硕县| 清水河县| 浮梁县| 将乐县| 长沙市| 巫溪县| 库伦旗| 张家川| 宁津县| 昌图县| 东安县| 玉田县| 扶风县| 渭源县| 水城县| 资溪县| 绍兴县| 龙海市| 玉树县| 永州市| 舟山市| 宜川县| 仙游县| 南江县| 容城县| 广德县| 永善县| 镇安县| 屏边| 淮安市| 唐河县|