An e-commerce conference held in Beijing called for coordinated regional cooperation on areas including supervision and standard setting to promote sustainable development of the emerging sector.

The first global regulatory framework for e-commerce was put forward during the Global Cross-Border E-commerce Conference ending Saturday.

Proposed by Chinese customs, the document listed eight core principles in e-commerce management including clearance procedures and the role of online retailers. The conference reached a consensus to further improve the framework.

The meeting also agreed on inclusive, prudent, innovative and coordinated management for the e-commerce sector.

Governments, businesses and other parties were encouraged to improve coordination, with measures to facilitate information sharing and easier “single window” clearance. International cooperation on fields including customs and infrastructure was also suggested to build a fair and stable online trade environment.

Internet of things, artificial intelligence, blockchain and other new technologies will be better used, and more efforts will be made to fend off security risks and respond to challenges in taxation and intellectual property protection.

The Belt and Road Initiative was also highlighted during the conference that assembled more than 1,000 people from 125 countries and regions.

Rapidly-growing e-commerce sector has bolstered global trade, reshaped the landscape of economic growth, and created opportunities for small businesses.

China’s e-commerce sector has witnessed booming development. Its e-commerce exports surged 41.3 percent last year, while imports rocketed by 116.4 percent. (Source:Xinhua)

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