Cross-border trade specialist Hurricane Commerce has joined forces with leading UK-China business organization ELI Holdings, with the companies signing an agreement to work together to help Chinese firms involved in international e-commerce.
Hurricane provides businesses with a range of solutions including data enhancement, product classification, duty and tax calculation, prohibited and restricted goods screening and denied parties screening.
The company says its services are in demand as postal operators, carriers, retail merchants, marketplaces and platforms are forced to meet increasing global regulations. For example, the US STOP Act (Synthetics Trafficking and Overdose Prevention) requires all mail parcels to have complete and valid advanced electronic data (AED) to pass through US customs.
The UK has also removed the VAT exemption on e-commerce packets containing low-value items, with the EU following suit on July 1, while, on March 15, the implementation of ICS2 will require postal operators to provide entry summary declarations before parcels can pass into or through the EU.
Martyn Noble, chairman and CEO of Hurricane Commerce, commented, “We are excited to have formed a partnership with ELI Holdings. ELI has been enabling businesses in China and the West to trade successfully for over 25 years. We will be working with James Wang and the ELI team to enable companies and organizations involved in Chinese e-commerce to capitalize on the many opportunities available while also successfully meeting the challenges of a fast-moving regulatory environment.”
Wang, chairman of ELI Holdings, added, “Together, our two companies can offer businesses the required technology, knowledge and skills to succeed in the complex world of global cross-border trade.”
In addition to the agreement, the two companies also launched the China Europe eCommerce and Logistics Club (CEELC), which aims to bring together senior leaders from both sectors to create business opportunities and share best practices.
