Easycargo News

Shanghai-based EasyCargo Acquired by Amber Road

Global trade management (GTM) solutions provider Amber Road has acquired EasyCargo, a Shanghai-based company in the same field specializing in complex Chinese trade regulations. EasyCargo is a cloud-based solutions company with a specific focus on a subset of global trade management called China Trade Management, or CTM. EasyCargo’s CTM solution provides extensive automation to support the Chinese government’s regulations for an import regime called Processing Trade. Processing Trade affects companies that import materials and components into China and use those materials and components to manufacture finished goods for export to foreign markets. When properly administered, Processing Trade transactions are exempt from import duties and value-added-taxes on export.