News

April 16, 2021

Waigaoqiao Port comprehensive bonded area opens

The Shanghai Waigaoqiao Port Comprehensive Bonded Area was officially inaugurated recently, with the aim of building a good model for the new development of the national special supervision area.
At the inauguration meeting, eight major project agreements were signed, involving sea, land and air transportation, cross-border e-commerce import and export, high-end targeted investment, bonded automotive import and export industry chain services, biomedical supply chain services and other fields.
The Pudong New Area will make new breakthroughs in building functional innovation bridgehead, and enhance the logistics hub level, and the initial formation of the 1+1+3 (a special comprehensive bonded zone, a bonded area, three comprehensive bonded zones) pattern of Customs special supervision.
The eight projects have large scale, high capacity, and strong driving force that will further add more trade mode to the Shanghai Waigaoqiao Port Comprehensive Free Trade Zone cross-border trading.
They will also greatly enhance the zone’s status as an international logistics hub and an important node of international and domestic dual cycle, and inject new and powerful momentum for the high-quality development and high-level opening of the zone.