What is eWTP? eWTP Review, Features

eWTP is the world electronic trade platform.

About eWTP

The electronic World Trade Platform (eWTP) is an initiative led by the private sector and co-sponsored by all stakeholders, which aims to foster electronic trade rules through public-private collaboration and create a more effective and efficient policy and business environment for the development of cross-border electronic trade (eTrade).

propose

The 2016 Boao Forum for Asia Annual Conference entered its second day. At noon on March 23, 2016, Jack Ma, Chairman of the Board of Directors of Alibaba Group, appeared in Boao to attend a luncheon with the theme of "e-WTP: Global Trade Rules in the Internet Age", calling on the world to establish an e-WTP (Electronic World Trade Platform) platform.

In the first half of 2016, Jack Ma has visited more than 30 countries and regions to discuss e-WTP. He has promoted countries around the world to support small and medium-sized enterprises in terms of 24-hour customs clearance and tax incentives. Jack Ma also said that e-WTP has been included in the G20 policy recommendations, and will also propose the initiative to the 20 leaders of the G20 during this G20 meeting.

Purpose

By building a global infrastructure, we help developing countries and small and medium-sized enterprises participate in globalization, allowing consumers to "buy, sell, pay, transport and travel globally" on this platform.

At the same time, we should use the power of the Internet and technology to establish a new platform for cooperation among the government, the private sector and enterprises, so that small and medium-sized enterprises around the world can have a platform that truly belongs to them and can trade freely, fairly and openly. This should be driven by business and truly set up a set of solutions to problems for small businesses, problems for young people’s employment and problems for small businesses.

Influence

e-WTP can significantly reduce trade costs and lower the threshold for SMEs to participate in the global value chain. In addition, its online payment tool will provide a fast payment method, which will have a positive impact on the cash flow and working capital of SMEs. Therefore, if this model is well implemented, it will be applied to more developing countries and least developed countries.