FTZ Bonded Area

Overall introduction

China (Shanghai) Pilot Free Trade Zone (FTZ) Bonded Area consists of Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone, occupying a total ground of 28.78 square kilometers. Waigaoqiao Free Trade Zone, founded in 1990, is the first bonded area in China under the supervision of Shanghai Customs; Waigaoqiao Free Trade Logistics Park, established in 2004, is also the first bonded logistics park in China; Yangshan Free Trade Port Area, opened in 2005, is the first bonded port area in China; Pudong Airport Free Trade Zone, set up in 2009, integrates bonded logistics and air cargo area.

Waigaoqiao Free Trade Zone

Waigaoqiao Free Trade Zone, the first bonded area in China, is founded in June 1990 upon the approval of the State Council. Occupying some ground of 10 square kilometers, it has developed into a special area with large economic scale and complete business functions that is under the supervision of Shanghai Customs. As the the first "National Promotion and Innovation Demonstration Area of Import and Export Trade" in China, the zone is a trade platform for ten major fields – alcohol, clocks and watches, automobile, construction machinery, machine tools, medical equipment, biological medicine, health product, cosmetics, and cultural products. It is also designated as China first "National Base for International Cultural Trade" by National Culture and Tourism of the People's Republic of China.

Waigaoqiao Free Trade Logistics Park

Waigaoqiao Free Trade Logistics Park, the first bonded logistics park, is founded in December 2003 upon the approval of the State Council. It occupies some ground of 1.03 square kilometers. As the first pilot zone-port interactive area, it can both enjoy the sea transportation resources of Shanghai Port and the preferential policies for bonded area and export processing zone. Supported by Waigaoqiao Free Trade Zone, it is a major base for the development of modern international logistics industry.

Yangshan Free Trade Port Area

Yangshan Free Trade Port Area, the first bonded port in China, is founded in June 2005 upon the approval from the State Council. Occupying some ground of 14.16 square kilometers, the area is comprised of Little Yangshan Port area, land area and the Donghai Bridge that links them together. Acting as an integration of port and bonded area, the area is the major undertaker of Shanghai international shipping. It is home to the distribution centers for electronic products, vehicles and auto parts, luxury food, and brand clothing. It has developed into a distribution base for Europe and the United States, an industrial base of staple commodity, an import trade base for domestic market, and a gathering place for leading shipping enterprises.

Pudong Airport Free Trade Zone

Pudong Airport Free Trade Zone, occupying some ground of 3.59 square kilometers, is founded upon the approval the State Council in July 2009. It undertakes the functions of bonded logistics and airport freight transportation and acts as a pioneering area for airport service industries. It is home to the distribution centers for well-known multinational corporations that deal with electronic products, medical equipment, and luxury customer goods. Hundreds of financing and lease projects, worldwide express package service companies UPS, DHL and FedEx, and a batch of functional projects also operate in the zone. An industry chain covering the fields of air distribution center of Asian-Pacific region, financing and lease, express transshipment center, sales exhibition of luxury customer goods is also established in the zone.

Development orientation

Based on its original industrial resources, FTZ plans to boost the development of five major industries – international trade, financial service, shipping service, professional service and high-end manufacturing, and prioritize the development of headquarters economy, platform economy and economies featuring new technology, new industry, new form and new model. Waigaoqiao Free Trade Zone is defined as a comprehensive functional zone which centers on international trade, financial and professional services and integrates the functions of business, commerce, culture and entertainment; Waigaoqiao Free Trade Logistics Park will develop into a functional area featuring international logistics services based on Waigaoqiao port area and Waigaoqiao Free Trade Zone; Yangshan Free Trade Port Area is about to become a functional area of international shipping services and offshore services by making good use of the channel conditions of Yangshan deepwater port and the preferential policies for FTZ; Pudong Airport Free Trade Zone will become a functional area of international air service and modern commerce and trade based on Shanghai Pudong International Airport and by cooperating with nearby resort areas.