Int’l trade platform stationed in Wolong Comprehensive Bonded Zone

Nanyang Wolong Comprehensive Bonded Zone is a transportation hub of East and Central China and an international cooperation site with bonded processing, logistics and services. [Photo/VCG]

Nanyang Wolong Comprehensive Bonded Zone signed a cooperation agreement on a trade facilitation project for an international trade platform with Caipcom Technology Industry Development Co on Aug 15.

The project will introduce advanced trade facilitation practices of foreign and domestic comprehensive bonded zones to build a 10-square-kilometer Belt and Road international cooperation industrial park. A cross-border trade town of 3.5 square kilometers will be constructed in the park, bringing in goods from 170 countries around the world.

The project will help make the Wolong Comprehensive Bonded Zone a whole-industrial-chain service platform involved in international trade, real investment, industry entities, capacity cooperation, currency settlements, and bonded tourism. This promising project is expected to achieve a foreign trade value of 10 billion yuan ($1.45 billion) in 2019, 100 billion yuan in 2020, and 300 billion yuan in 2021.

A rendering of Nanyang Wolong Comprehensive Bonded Zone. [Photo/nydt.cn]