Songjiang export processing zone to be upgraded into a bonded area

Songjiang Export Processing Zone has recently got approval from the State Council to be upgraded to a comprehensive bonded area.

It will now be placed under special customs supervision with preferential policies and faster access on a higher level.

The upgraded zone, covering an area of 4.15 square kilometers, is divided into two sectors and will duplicate successful practices carried out by China (Shanghai) Pilot Free Trade Zone.

It will hopefully join with G60 Sci-tech Corridor to better facilitate the district’s endeavor in playing a significant role in the Yangtze River Delta in terms of regional resources, assets and information.