Thanks to a series of innovative development initiatives and continuous explorations, the trade liberalization and facilitation level in the Pudong Airport Comprehensive Bonded Area has been continuously improved. Last year, the total income of the bonded area reached 38 billion yuan (US$5.9 billion), up 41 percent over 2019.
Commodity sales were 15.6 billion yuan, double that of the year earlier. Foreign trade amounted to 73.67 billion yuan, an increase of 2.7 percent year-on-year.
Tax revenue from the taxation department was 3.34 billion yuan despite the coronavirus epidemic with a yearly increase of 29 percent. The actual foreign investment was US$500 million, a 51 percent surge.
“Commodity sales amount in the bonded area reached 15 billion yuan last year, which is a promising business. We need to make full use of the advantageous location, and make a strong exploration in the field of cross-border foreign trade,” said Shi Huiliang, director of the Bonded Zone Administration Airport Office.
February 08, 2021
