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Baiyun Airport’s comprehensive bonded area reports 77.3% foreign trade growth in Q1
Update: 2020-05-22     Source: Newsgd.com

Guangzhou Baiyun Airport Comprehensive Bonded Zone Administration recently reported its foreign trade volume hit 3.92 billion yuan in Q1 with a 77.3 percent year-on-year growth. Cross-border export volume exceeded 1.6 billion yuan up about 85 percent year on year during the pandemic period.

As the spread of the virus has been controlled nationwide, Guangzhou Aerotropolis Development District has adopted a series of strategies to help enterprises back to work and boost economic growth.

The district has organized more than 50 inspection tours to enterprises and released policies to support them such as tax and rent reduction. All of the district’s enterprises and construction projects are now back up and running.

In addition, the district has been continually committed to fostering the cross-border e-commerce business and introduced 15 related projects in recent years. With a total investment of more than 15 billion yuan, the project will be put into operation over the coming 1 to 3 years.

According to its plan, the value of the cross-border e-commerce commodities circulating in the bonded area will exceed 100 billion yuan by 2022 and the main business income of its enterprises will be in excess of 20 billion yuan. Thus far, more than 1000 trade, customs clearance, logistics and cross-border e-commerce companies have settled in the comprehensive bonded area.

To better the business environment, Guangzhou Aerotropolis Development District has also been continuously compressing the time needed for customs clearance.

During the pandemic, the district put significant effort into guaranteeing the delivery of medical supplies and equipment, and coordinated 7 aircraft to send medical donations to 12 international sister cities of Guangzhou in Iran, South Korea, Italy, Japan and France. It’s presently working on the second and third batches of donations to European and African countries.

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