The Wholesale Market for Imported Wine in Chongqing Free Trade Port Area
By Keqiao Cheng, EDITOR
Chongqing - In 2018, Chongqing Free Trade Port Area (CFTA for short) produced about 31.21 million intelligent terminal products. Meanwhile, its import and export trade volume totaled RMB 14 billion. With excellent economic achievements, CFTA has ranked China’s top three in terms of the overall development.
Great improvement in 2018
In 2018, CFTA made a great improvement in intelligent manufacturing considering quantity and quality. Meanwhile, the annual production of intelligent terminal products was about 31.21 million (pieces), with a year-on-year increase of around 35.7%.
CFTA launched the Intelligent Foreign Trade Documents Processing Center in mid-October 2018 to reduce enterprises’ costs on customs clearance. The time efficiency of enterprises in custom-clearance data processing has increased approximately by another 10%. Also, their custom clearance costs have decreased by 75% against that of traditional procedures.
In the construction of “Smart Port”, Chongqing listed CFTA in its first batch of smart park pilot projects. Drawing lessons from City Brain management mode, CFTA has been accelerating the construction of “Smart Port”. Thus, it will build a standardized model of “smart city”, which integrates industries and cities.
A supermarket of imported food
Last year, seven new national pavilions started trail operations in Chongqing International Exhibition & Trading Center. They are pavilions of the US, Kenya, Poland, Switzerland, Sri Lanka, Southeast Asia, and New Zealand, respectively. The old Singapore Pavilion and Australia Pavilion have also upgraded. Therefore, the center boasted more abundant business formats, offering customers a better global purchasing experience. Then, the number of pavilions of countries along the Belt and Road routes in CFTA has increased to 15.
In the first half of 2018, CFTA signed contracts with relevant enterprises including Chongqing Airlines. Afterward, they cooperated in introducing large-scale aircraft in batches. Under the bonded financial leasing for aircraft, CFTA has introduced 6 planes of Airbus A320NEO by the end of 2018. At that time, it realized the accumulative value of over RMB 2 billion.
Tourism plus commerce
Taking Chongqing International Exhibition & Trading Center as the main venue, CFTA innovatively created a Bonded Experiencing Tourist Attraction. Also, qualified as an AAAA Tourist Attraction of China, it started operations.
Based on the “tourism plus commerce” concept, the tourist attraction boasts the models of bonded tourism, bonded shopping experience, etc. Supported by these characteristics, it will promote the commercial interaction and diversified and complementary development with nearby commercial complexes such as IKEA and SASSEUR Outlets.
Source: CQCB
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