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BIZCHINA> Top Biz News
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Trade volume in bonded zones up 17% in 2008
(Xinhua)
Updated: 2009-02-02 14:15
The total value of imports and exports in these special areas accounted for 28 percent of the country's processing trade volume last year, according to Customs figures. The government established Shanghai Waigaoqiao Free Trade Zone, the first zone under special supervision of the Customs, in 1990. To date, China has 94 zones of this kind, including bonded processing and logistics zones and bonded ports. Such specially supervised areas offer protective tariffs for imported goods and simplified customs procedures.
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