China to make Xi'an major int'l port with free trade zone

14:40, February 28, 2011      

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Reporters from the management committee of Xi'an International Port District indicated that the Xi'an Free Trade Zone was approved by the State Council on Feb. 27.

It is the only free trade zone in northwestern China. These zones function as externals port and also provide bonded logistics and export processing. International trade enjoys the most favorable terms in China's free trade zones.

The Xi'an Comprehensive Free Trade Zone is located in Xi'an International Port District within an area of 6.17 square kilometers. At the same time it will include a standard factory building with an area of 1.2 million square meters.

Zhou Fengqin, a commissioner with China's customs bureau, said it will become the most important supporting platform in the international inland port after it is inspected and accepted by the state. The free trade zone will help Xi'an to become a major international port city in the near future by reducing the number of intermediate links for the transportation of imports and exports and speeding up customs clearance.

By Zhang Qian, People's Daily Online


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