A free-trade-zone project in Thailand, launched in 2018 by Alibaba Group Holding while company founder Jack Ma was still CEO, has finally started trial operation.
The digital hub in the so-called Eastern Economic Corridor – a special economic zone made up of three provinces in eastern Thailand – is part of the electronic World Trade Platform (eWTP), a multinational initiative backed by Ma to promote global trade.
It is expected to allow Thai consumers to receive their e-commerce purchases from China in three days, down from the current 10 days.
The initiative soon gained the endorsement of the Chinese and overseas governments
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