the topic of RECP has been very hot these two days. After all, it is a free trade agreement with the largest population, the largest economic aggregate and the largest trade volume in the world.
many sellers' friends still don't know the definition of RECP. Generally speaking, it is a big" circle of friends "dominated by ASEAN countries , similar to the current EU and NAFTA, but larger and more open than them
What does the establishment of RECP mean for our cross-border e-commerce merchants, especially sellers in overseas warehouses? Five new changes
1. Benefit all links of the cross-border e-commerce chain
for example, for postal parcels whose prices have been increasing in 2020, the risk of tariff collection on postal parcels will be greatly reduced or even eliminated within the scope of the agreement countries of RECP
at present, small postal parcels are still the main logistics mode of many small and medium-sized sellers and one of the logistics combinations of large sellers. For many small goods, small postal parcels are still a more economical material flow mode.
2. It is conducive to the deepening of RMB internationalization.
this year, the RMB continued to rise and appreciated sharply against the US dollar, reaching a new high of 6.5 at one time. For our cross-border e-commerce sellers engaged in foreign trade, we usually purchase goods in RMB, and our income is in foreign currencies such as US dollars. In the process of one in and one out, if the US dollar depreciates, we will get less RMB after foreign exchange settlement.
after the emergence of RECP, due to the strength of China's manufacturing industry and the volume of export trade, the penetration rate of RMB will continue to strengthen within RECP and become a strong organization to promote the internationalization of RMB. Choosing people's currency for pricing transactions and savings currency will help cross-border e-commerce reduce exchange rate losses.
3. Short distance trade cooperation will continue to improve.
the biggest bottleneck of cross-border e-commerce in 2020 lies in the soaring price of head logistics and the congestion and explosion of delivery at the end of the journey. In particular, Amazon sellers using FBA overseas warehouse have been restricted from warehousing twice, resulting in the lack of stock in stores, affecting the income and store score.
in the future, the uncertainty and high transportation costs caused by long-distance trade will still exist. Relatively speaking, the risk of short-distance cooperation is more controllable. Within the RECP, both transportation distance, market fluctuations, policy changes and epidemic prevention and control will be in a relatively stable trend.
4. Omnipotent service providers are more popular.
" you can't put your eggs in one basket " This year, many sellers have personally experienced the truth of. In 2021, the development of multi e-commerce platforms, multi national markets and multi logistics channels will become something that many sellers must consider. The uncertain risk brought by a single platform can easily lead to the annihilation of the whole army
the all-round big service providers have performed well this year. They generally integrate multiple services such as logistics, warehousing, finance and supply chain. In the same platform or country, they will set up multiple logistics lines, warehouse groups and other options, which greatly reduces the risk of sellers going to sea. It is better to enjoy the cool under the big tree and the big ship is more resistant to the storm. This is also one of the reasons why service providers have increased capitalization and created competition barriers in recent years.
5. The future of new technological change has come.
before, we discussed the concepts of AI, live broadcasting, drainage and so on, as if the relationship with cross-border e-commerce was not very urgent, but in 2020, all these have come in advance, and change is eternal.
e-commerce, telecommuting, video conferencing, online decision-making and live delivery will become the standard configuration of the cross-border e-commerce industry in the future. Even RECP is actually signed in a relatively short time through a new way of online video, which greatly saves the cost of manual travel and schedule, and makes everything more online.
in the future, the operation of overseas warehouses will enter a more intelligent, systematic and differentiated development stage. This labor-intensive industry will transform into an intelligent digital industry in the future.
in short, the establishment of RECP is a good day for sellers in ASEAN. For sellers whose market is mainly in Europe and America, you can observe and prepare first. ASEAN has become China's largest trading partner. The opening of this new market will be a fertile land in the future.