The Quzhou Comprehensive Bonded Zone. [Photo/WeChat account: quzhoufb]

A recent shipment of nickel-cobalt-manganese lithium oxide cleared customs at the Quzhou Comprehensive Bonded Zone in Quzhou, East China's Zhejiang province, and is set for export to South Korea.

This marks a significant milestone as the total value of traded imports and exports recorded by the Quzhou Comprehensive Bonded Zone has exceeded 2 billion yuan ($283.65 million).

Since it started operating on June 11, the bonded zone has seen a rapid increase in trade volume. In October and November, the monthly trade exceeded 600 million yuan, with the highest month-on-month growth rate reaching 250 percent. The total value of imports and exports has now reached 2.04 billion yuan.

During the six months of operation, Quzhou Customs has enhanced supervision while implementing measures to facilitate customs clearance.

On July 4, the first "in-zone direct transfer" business was launched, saving the Quzhou Port Construction Supply Chain Management Company nearly 1.3 million yuan annually in shuttle transport costs. On Sept 16, the "exit before declaration" model was introduced, simplifying processes and reducing clearance times for companies like Quzhou Huayou Cobalt New Material.

Additionally, on Oct 20, a new regulatory mechanism was established to ensure the safe supervision of hazardous goods, supporting Penghui Energy's energy storage project.

The bonded zone continues to attract new projects, with cross-border e-commerce and bonded processing projects like "Daidai Bear" and "Kangying" successfully launched.