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CDC Software’s TradeBeam Cloud Solution Used For The Chinese Government’s China Free Trade Area Service Network

Stocks in this article: CDCS CHINA

CDC Software Corporation (NASDAQ: CDCS), a hybrid enterprise software provider of on-premise and cloud deployments, announced today that China International Electronic Commerce Center (CIEEC), an affiliate of the Ministry of Commerce of the People’s Republic of China (MOFCOM), is using its CDC TradeBeam global trade management software-as-a-service (SaaS) solution for the China Free Trade Area Service Network.

The China Free Trade Area Service Network is hosted by MOFCOM and managed by CIECC. This network allows users to view information on trade policies within China’s free trade zones. The network is a platform to improve domestic enterprise knowledge of the status of the development and implementation of China’s free trade agreements. MOFCOM Free Trade Area Service Network states: “Currently, China and 28 countries and regions across five continents have set up 15 free trade zones, among which 10 agreements have been signed already.”

CDC TradeBeam provides FTA trade data for the China Free Trade Area Service Network, as well as supports the MOFCOM FTA website. Customers can search the China Free Trade Area Service Network for FTA information that includes up-to-date tariff information for all FTAs signed with China, Chinese/English product descriptions, most-favored-nation rates, general duty rates, FTA preferential rates, rule of origin of 23 countries, and future duty rates where applicable.

“The China Free Trade Area Service Network was established to encourage domestic enterprises to make better use of the preferential policies within free trade zones,” said Zhang Ce, deputy general manager of E-government Department, CIEEC. “Enterprises can benefit a lot from the official trade data in the service network and learn how to take advantage of the cost savings opportunities offered under the FTAs.”

“We are very proud that CIECC uses CDC Software’s TradeBeam cloud solution to deliver content to the FTA Service Network,” said Edmund Lau, senior vice president of CDC Software. “Our TradeBeam team of experts is dedicated to collecting and updating the ever-changing content required for efficient FTA operations. This further illustrates how our CDC China and cloud solutions are committed to this fast growing market.”

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