Chongqing Ten-Billion-Level Concentrated Development Base for Foreign Trade

Xinyi Li in Businessnews

By Xinyi Li, EDITOR

Yubei District Near-Airport International Trade Demonstration Park (the Demonstration Park for short) is the sole concentrated foreign trade park which integrates trade, finance, settlement, warehousing and offices in Chongqing, constructed under the leadership of Yubei District Commission of Commerce. Chongqing Juhaoyu Science and Technology Service Co., Ltd. is responsible for investment attraction, corporate services, and general operation and management.

It is the pilot innovation demonstration project of Yubei District in China (Chongqing) Pilot Free Trade Zone (CFTZ) in the fields of attraction of investment, the package of preferential policies and hedging and inspection of benefits. Since its founding in early 2018, the Demonstration Park has successfully introduced 170 enterprises, whose registered capital is over 600 million RMB, and the output value exceeds 2 billion RMB.

Yubei District Near-Airport International Trade Demonstration Park is the sole concentrated foreign trade park which integrates trade, finance, settlement, warehousing and office in Chongqing

"At present, we launch five selected projects for matching with external investment," said Cheng Yumei, President of Chongqing Juhaoyu Science and Technology Service Co., Ltd. "We strive to introduce 10 leading enterprises and 60 core enterprises by 2023, and within five years, we will accomplish the import and export volume of 10 billion RMB, with the accumulated taxation of 200 million RMB." It will make full use of Big Data Intelligence technologies with its experience in service trade, export trade, and supply chain management over the past years.

Starting from the actual needs of international and domestic enterprises, it will create new foreign trade service modes, satisfy the demand of leading market players in the export-oriented economy for services and financing, and promote the clustered development of foreign trade enterprises. In the future, Yubei District Near-Airport International Trade Demonstration Park will increase the number of import and export enterprises which have established their presence in the park by 80% or higher, covering industrial products, agricultural products, light industrial products, high-tech products, service trade, and processing trade.