Shanghai Customs and the Pudong New Area signed a memorandum of understanding to further support the area and the Lingang Pilot Free Trade Zone to improve their business environment.
The two parties will enhance cooperation in five aspects, namely deepening the reform and innovation of customs rules in the Pilot FTZ, construction of scientific and technological innovation centers with global influence, construction and development of special customs supervision areas, development of new foreign trade business, and building of the headquarters economy highlands.
In detail, the two will support the replication and promotion of the integrated information management service platform of Lingang to specific areas of the Pilot FTZ, and support the spread of relevant policies made in the Yangshan Special Comprehensive Bonded Area to other specific areas of Pudong’s qualified special customs supervision area.
— Promote the operation of the Zhangjiang Cross-border Science and Technology Innovation Supervision Service Center, and create a more competitive innovation environment for enterprises through the combination of tax reduction and tax bonded policies.
— Promote the free flow of bonded goods between upstream and downstream enterprises in the industrial chain of high-end manufacturing industries such as integrated circuits, and support third parties to explore and build a special centralized inspection platform for the import and export of integrated circuits.
— Improve the functions of the Yangshan Special Comprehensive Bonded Zone, and support the construction of international transit and consolidation centers, and optimize the facilitation process for international transit and consolidation.
— Support Pudong to comprehensively utilize policies in “cross-border e-commerce” and “bonded exhibition” to develop new businesses.
Hang Yingwei, director of Pudong, said, “Pudong will expand efforts in comprehensive reform pilot, construction of special customs supervision zones, new cross-border trade, and headquarters economy, and accumulate more visible and effective results of reform and opening up to benefit the whole city and country.”
