Alibaba, Belgium govt sign deal on trade hub

Business | Technology 12/5/2018, 11:25 AM
Alibaba, Belgium govt sign deal on trade hub

Alibaba Group Holding and the Government of Belgium said on Wednesday they signed an agreement for the Electronic World Trade Platform (eWTP) initiative, including investments in infrastructure.

"I am excited to welcome eWTP to Belgium and the commitment of Alibaba to improve the competitiveness of Belgian and European firms on the global stage in this partnership. This will be a huge opportunity to boost exports and bring wide reaching economic benefits to society, including employment opportunities to Liege," Belgium's Prime Minister Charles Michel stated.

As part of the agreement, Alibaba-founded Cainiao​ Network is set to invest €75 million and lease a 220,000 square meter logistics hub at Liege airport.

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