| Internet is always thought of as bridging the gap in | | | | that China faces while trading on the Internet is the |
| the international trade system. Standardization of the | | | | lack of a proper and well organized system for |
| import/export trade is greatly dependent on the role | | | | delivering logistics. The solution to this problem is to |
| that Internet plays. It is essential for any business | | | | follow the same transport system in Internet trade |
| enterprise to implement efficient electronic data | | | | as the transport system of international trade. The |
| exchange techniques, so as to stand for the long run | | | | international trade is carried out by the internationally |
| in the international trade market. Customizing the | | | | established shipping companies. |
| trade according to international standards helps the | | | | -Switch over to efficient process |
| agencies to learn various aspects of international | | | | International trade is somehow a complex and a |
| trade, like legal system, and also explain the flow of | | | | choosy process. So, it is effective to use B2B |
| the international trade. This will in turn help to bring | | | | processes for various operations of the trade like |
| China much closer to the rest of the world. | | | | custom declaration and billing. The B2B platforms |
| -International Payment System | | | | reduce the overall cost of the international trade |
| International trade payment is different from that of | | | | process. |
| the internal trade, as it involves credit cards and | | | | B2B platform is becoming very popular in international |
| other electronic means for payment rather than the | | | | trade. However, China still lacks the basic tools for |
| traditional payment system in internal trade. The | | | | utilizing B2B processes in the import/export trade. In |
| conflicts related to payment are solved to a great | | | | addition there is also a deficiency in the market and |
| extent using the electronic payment system. These | | | | the legal environment that support this type of |
| systems ensure the dignity of both the parties | | | | business process. But China is slowly starting to |
| involved. Payment on Internet only requires the | | | | establish internet business for the international trade, |
| transmission and verification of the bill, after which | | | | to overcome the differences in international trade |
| information and fund transfer follows. The problem | | | | with other developing companies. |