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Qingdao FTZ to facilitate cross-border e-commerce in Yellow River Basin

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chinadaily.com.cn| Updated: June 17, 2024

The Qingdao Area of the China (Shandong) Pilot Free Trade Zone, known as Qingdao FTZ, serves as a national e-commerce demonstration base and Shandong's cross-border e-commerce zone. Leveraging its port and connectivity advantages, the zone collaborates with Huangdao Customs, platform enterprises, and others to promote cross-border e-commerce development in the Yellow River Basin.

In Bestone's cross-border supply chain warehouse, imported cosmetics and health products await clearance by Huangdao Customs before being transported 700 kilometers to the Henan Free Trade Pilot Zone in North-Central China.

Zhu Deming, customs manager of Bestone, explained: "With new interregional allocation policies, logistics companies can now consolidate stocking at Qingdao Port, improving efficiency by reducing costs and waiting times."

The zone's fully implemented customs clearance services for cross-border e-commerce have greatly enhanced the Qingdao Port's advantages in fast clearance, low logistics costs, excellent support, and a favorable business environment.

Zhang Guoqing, vice general manager of Sinotrans Logistics Ltd said, "Qingdao currently serves as Henan's primary port for foreign trade, handling approximately 70 percent of its import-export operations. Maritime shipping from Qingdao is fast and efficient, particularly beneficial for cross-border e-commerce with Japan, Korea, and other destinations."

Qingdao FTZ will continue to provide comprehensive customs clearance services for cross-border e-commerce, attracting leading enterprises from the Yellow River Basin region and fostering industrial concentration and scale effects at Qingdao Port.


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