Ordos Comprehensive Bonded Zone passes pre-checks

The Ordos Comprehensive Bonded Zone passes pre-checks, according to an announcement from a review group at a meeting held on Dec 6. [Photo/WeChat account of Ordos Daily]

The Ordos Comprehensive Bonded Zone has passed pre-checks, according to an announcement from a review group at a meeting held on Dec 6. 

The review group consisted of nine government departments, including Hohhot Customs, the Inner Mongolia Committee for Development and Reform, the Inner Mongolia Finance Department and the Inner Mongolia Department of Natural Resources. 

The meeting, chaired by Yang Liangyong, deputy director of Hohhot Customs and leader of the review group, was attended by Ordos Vice-Mayor Yu Renjie, representatives from nine government departments and appropriate experts.

It was agreed by the review group that the Ordos Comprehensive Bonded Zone was of high quality, advanced in building philosophy and complete in functions and facilities. 

They reached a consensus that the bonded zone passed the pre-checks and would face a final round of checks by the national customs authority. 

Yu vowed that Ordos would make all-out efforts to deepen the development of the Ordos Comprehensive Bonded Zone and use it to help upgrade the city’s economy. 

At the end of 2012, Ordos started applying for approval to build a comprehensive bonded zone. In 2017 the State Council agreed to construction of the zone, the first comprehensive bonded zone in the urban agglomeration consisting of Ordos, Baotou and Hohhot. 

With an area of 1.21 square kilometers, the Ordos Comprehensive Bonded Zone is located in Ordos Airport Logistics Park. Ordos aims to build the bonded zone into a significant international logistics distribution center, a transaction center for bulk commodities and a processing base for the manufacturing industry in three to five years. 

The Ordos Comprehensive Bonded Zone hopes to reach $2 billion in volume of foreign trade by the end of 2020.