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Dongying Comprehensive Bonded Zone achieves great advancement

LMS
chinadaily.com.cn| Updated: November 28, 2024

According to the 2023 national comprehensive bonded zone evaluation results released by the General Administration of Customs of the People's Republic of China, the Dongying Comprehensive Bonded Zone ranks 43rd nationally and 6th provincially. This marks an increase of 15 and 4 positions compared to 2022, achieving significant leapfrog development.

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Since its approval by the State Council in 2015, the Dongying Comprehensive Bonded Zone has played a pivotal role in developing external trade channels and supporting the growth of Dongying's export-oriented economy. [Photo/Qilu Evening News]

Both the Dongying Port Economic Development Zone and the Dongying Comprehensive Bonded Zone, with support from Dongying Customs, are advancing the city's processing abilities with new projects such as gold and jewelry processing, pickleball manufacturing, plant oil packaging and storage, and prepared meals.

From January to October this year, the bonded goods value is expected to reach 9.05 billion yuan ($1.25 billion), a 91.4 percent year-on-year growth, with key indicators showing continued rapid progress.

At the same time, the development zone and comprehensive bonded zone have been focusing on breakthroughs in emerging industries. In cross-border e-commerce, all business types, including direct purchase imports and retail exports, have been fully implemented. In 2023, the total import and export value for cross-border e-commerce reached 2.72 billion yuan.

Looking ahead, the Dongying Comprehensive Bonded Zone is expected to maintain its momentum by attracting more projects and growing key industries, further contributing to Dongying's economic development and strengthening its role in international trade.

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