• What is Alibaba trade assurance?
  • The Alibaba Trade Assurance is a payment and buyer protection service meant to add an extra layer of security when paying suppliers in China. Alibaba acts as a middleman between the buyer and the seller. As such, the buyer transfers the funds upon placing an order to a designated Alibaba bank account with the Singapore City Bank.
  • What is trade assurance & how does it work?
  • The Trade Assurance allows overseas buyers to claim a refund from a supplier that either fails to ship on or before the set shipping date or fails to ensure compliance with all specified quality requirements.
  • Is trade assurance offered when buying from all suppliers?
  • Thus, Trade Assurance is not offered when buying from all suppliers. Currently, the number of suppliers offering this is somewhat limited but almost certain to grow rapidly in the coming months. The amount, covered by the Trade Assurance, is also limited, and often ranging between US$10,000 to US$30,000.
  • Is Kyrgyz Republic a member of the EAEU?
  • In August 2015, the Kyrgyz Republic fully acceded to the EAEU, which includes Russia, Belarus, Kazakhstan, and Armenia, and has a 180 million person population market. Though regulations are still being harmonized, free movement of labor, capital, and goods forms the basis of the EAEU.