Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Policy

China unveils measures to enhance comprehensive bonded zone dev.

February 26, 2020


Abstract : The General Administration of Customs (GAC) on Tuesday issued circular introducing measures to support the high-quality development of comprehensive bonded zones in China.

BEIJING, Feb. 26 (Xinhua) – The General Administration of Customs (GAC) on Tuesday issued a circular introducing measures to support the high-quality development of comprehensive bonded zones in China.

Customs across the country should give priority to the Pilot Free Trade Zone (FTZ) in the establishment of comprehensive bonded zones, and it will also speed up the transformation and upgrading of special customs supervision areas such as bonded port areas into integrated bonded zones.

Efforts will be made to promote the implementation of global maintenance and remanufacturing operations in the bonded areas, the circular said.

Online customs supervisions will be conducted on the qualified enterprise that apply management systems such as Enterprise Resource Planning (ERP) and Warehouse Management System (WMS).

The customs will accelerate certifacation process for enterprises applying for advanced certificates like the Authorized Economic Operator (AEO), while online processing will be given to enterprises that intend to apply for customs registration and other relevant businesses.

It is noted that the comprehensive bonded zone is a special customs supervision area with favorable policies and simplified procedures established by Chinese authority by referring to the FTZ.

Customs data show that China saw a total of 2.9 trillion yuan of imports and exports contributed by the bonded zones in 2019, up 11.9 percent year-on-year, accounting for 9.2 percent of the country's total foreign trade in the year. (Edited by Jiang Feifan, 346129473@qq.com)

Scan the QR code and push it to your mobile phone

Keyword: FTZ comprehensive-bond-zones customs

Reading:

China to provide support to countries with weaker health systems: FM spokesperson

China-Europe freight train carries walnuts products from Xinjiang to Turkey

Sci-tech enterprises in Shanghai raise RMB5.461 bln from sci-tech innovation board last year

Most foreign-funded enterprises resume work in Chinese manufacturing hub

Zoom-in: China's supportive measures to enliven economy amid epidemic

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial