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Kashgar Comprehensive Bonded Zone

Updated: Feb 20, 2019 investinchina.org Print
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Kashgar Comprehensive Bonded Zone was set up on September 2, 2014 after gaining approval from the State Council. The zone began operations on April 20, 2015. It was the first comprehensive bonded zone in the South Xinjiang Uygur autonomous region and the second of its kind in the Xinjiang Uygur autonomous region. It has a planned area of 3.56 square kilometers.

Commercial activity grew fast and 54 companies with an aggregate registered capital of 810 million yuan ($119.74 million) had registered in the bonded zone by the end of 2018. They are engaged in the businesses of bonded warehousing, bonded processing, entrepot trade and commodity exhibition and exchanges. The bonded zone had handled import and export of some 33.5 million tons of cargos in 2018, valued at $74.14 million.

Kashgar has great geographic advantages. It borders five countries and is close to three others and stands on a strategic position on the Silk Road that connects Asia with Europe.

After cross-border freight trains set off westwards from North China, East China and South Chinavia Kashgar in 2017, the trade of the bonded zone grew dramatically until the value of imports and exports increased almost 18-foldto more than $60 million last year. Meanwhile, cargo volume surged more than 16-fold to 1,856 tons.

The Kashi Comprehensive Bonded Zone will be developed as a new opening highland of the Kashi Economic Development Zone and will focus on long-term planning for regional strategic resources, accelerating the construction of a regional logistic center, strengthening manufacturing cooperation, stepping up trade company development and industrial transfer. It will build a better cooperation platform for the economic and trade exchanges between Kashgar and surrounding countries.

 

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