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Shanghai FTZ Handles First Bonded Goods Shipment

by Lorys Charalambous, Lowtax.net, Cyprus
28 August, 2017

The Waigaoqiao Bonded Logistics Park in the Shanghai Pilot Free Trade Zone recently handled its first shipment of cross-border e-commerce goods, marking the start of its operation.

Cross-border e-commerce companies are now able to store their goods in bonded warehouses in the Park and enjoy favorable policies, such as easy access to Waigaoqiao Port, faster clearance, and lower freight cost.

The Park's administration said it intends to put measures in place to improve services and logistics efficiency for e-commerce companies in the free trade zone.

The Shanghai Pilot Free Trade Zone was founded in 2013 and offers a number of tax preferences. It comprises a bonded area, high-tech park, financial area, and an export processing zone.

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