The Chengdu Tianfu International Airport Comprehensive Bonded Zone in the provincial capital of Sichuan in southwest China has received the approval from the State Council for establishment, according to the Chengdu Customs.
Situated to the north of the airport, the bonded zone is divided into two functional areas: a port and a bonded zone. Covering an area of 1.083 square kilometers, it is the sixth comprehensive bonded zone in Sichuan and the 167th in China.
The new bonded zone is expected to leverage its proximity to the airport to develop three key industries: logistics and supply chain management, innovative services, and advanced manufacturing.
This initiative will further advance Sichuan's integration into the Belt and Road Initiative and accelerate the development of the Chengdu-Chongqing economic circle, according to the customs.
Comprehensive bonded zones are special economic zones characterized by duty-free operations, and specific tax and import-export policies.
As a platform for high-level international openness, these zones offer preferential policies, perform a wide range of functions, and streamline regulatory procedures, playing a critical role in enhancing foreign trade, attracting foreign investment, and driving industrial transformation and upgrading.
Sichuan has its 6th bonded zone
