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The State Council approved! "World Supermarket" will open a new round of international trade reform.The State Council approved! "World Supermarket" will open a new round of international trade reform.

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, 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.

Yiwu's international trade reform began in 2011, and Yiwu is also the first pilot city of comprehensive international trade reform approved by the State Council. Subsequently, Yiwu made a series of reform breakthroughs in key areas and links of international trade, which provided useful experience for promoting the transformation of the national foreign trade development mode and building an open economic system. Among them, the "market procurement" trade method initiated by Yiwu provides a simple and efficient system for the export of small commodities, which has been replicated and promoted in 39 cities across the country and has become an important measure for the steady growth of foreign trade.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.