Ordos Comprehensive Bonded Zone passes national check

The Ordos Comprehensive Bonded Zone passed a national review on Dec 28, 2018, to become the first comprehensive bonded zone in the urban agglomeration consisting of Hohhot, Baotou, and Ordos in Inner Mongolia autonomous region, and Yulin in Shaanxi province. 

The review group was made up of representatives from the General Administration of Customs, the Ministry of Commerce, the National Development and Reform Commission and the Ministry of Finance. 

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

With an area of 1.2 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.