Cross-border trade specialist Hurricane Commerce has joined forces with leading UK-China business organisation ELI Holdings.
Hurricane and ELI signed an agreement to work together to help Chinese companies involved in international eCommerce.The partnership was agreed during a prestigious event at The Swan in Tetsworth, Oxford, attended in person or virtually by senior Chinese delegates from the worlds of eCommerce, logistics and government.
Hurricane, which was founded in 2016, 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. Its services are in demand from customers around the world, including postal operators, carriers, retail merchants, marketplaces and platforms, all of whom are having to meet increasing global regulations.
Among the regulations is the US STOP Act which requires all mail parcels to have complete and valid advanced electronic data (AED) to pass through US customs. The UK has also removed the exemption from VAT on eCommerce 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, said: “We are excited to have formed a partnership with ELI Holdings. We will be working with James Wang and the ELI team to enable companies and organisations involved in Chinese eCommerce to capitalise on the many opportunities available while also successfully meeting the challenges of a fast-moving regulatory environment.”
James Wang, Chairman of ELI Holdings, said: “ELI is delighted to have agreed this important partnership with Hurricane Commerce. 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 between Hurricane and ELI, the two companies also launched the China Europe eCommerce and Logistics Club (CEELC). The club brings together senior leaders from both sectors to create opportunities and share best practices.