“离岸通”平台正式启动 - 2021年10月22日

A platform to facilitate offshore trade called “Free Offshore Trade” was established in the Shanghai Waigaoqiao Free Trade Zone recently, one of its latest endeavors to promote offshore trading.

Offshore trade, or documentation processing trade, refers to a trade model in which the goods are transferred directly from the exporting country to the importing country without entering the border of a middle country where contracts, payments, logistics, insurances, financial arrangements, as well as other trading documentations are processed.

The development of offshore trade is beneficial for Shanghai to play a bigger role in global finance and become an international trade hub.