Arab Today, arab today ningxia to develop sinoarab cross border ecommerce
Last Updated : GMT 21:30:17
Arab Today, arab today
Arab Today, arab today

Ningxia to develop Sino-Arab cross border e-commerce

Arab Today, arab today

Arab Today, arab today Ningxia to develop Sino-Arab cross border e-commerce

Ningxia to develop Sino-Arab
Beijing - XINHUA

Ningxia SRP Group and Bank of China Ningxia Branch have signed a strategic cooperation agreement to develop Sino-Arab cross border e-commerce in the Ningxia Hui Autonomous Region.

According to the agreement, Ningxia SRP Group is committed to providing financial services for domestic e-commerce trade while Dubai International Financial Center (DIFC) will serve for merchants and consumers outside China.

Bank of China Ningxia Branch will be responsible for overseas RMB payment, real-time currency exchanges and reducing exchange rate risks and settlement costs.

The agreement aims at adding a new channel for Sino-Arab cross border trade and hails Ningxia as the new start of Sino-Arab e-commerce cooperation.

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