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Wuhan Economic and Technological Development Comprehensive Bonded Zone approved

Source: hubei.gov.cn 12/06/2018 05:12:59

The Wuhan Economic and Technological Development Comprehensive Bonded Zone was approved by the State Council, after the establishment of Wuhan East Lake Comprehensive Bonded Zone and Wuhan New Port and Airport Comprehensive Bonded Zone, local media said on December 5.

With the preferential customs policies, comprehensive bonded zones enjoy the most trade benefits, behind free trade zones (FTZ), at the front of China’s opening up in trade, finance, investment, service and transport, etc.

The Wuhan Economic and Technological Development Comprehensive Bonded Zone, with a planned area of 1.26 square kilometers, has been upgraded from the Export Processing Zone (EPZ). Benefiting from local industries, the zone will focus on production, service, bonded logistics and cross-border e-commerce to develop as one of the key growth points of Wuhan’s export-oriented economy.

(hubei.gov.cn by Zhang Yawei)

Related: Wuhan New Port and Airport Comprehensive Bonded Zone approved