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A ceremony was held on March 3 to commemorate the official commencement of operations at the Shaoxing Comprehensive Bonded Zone.

Eight projects related to bonded processing, logistics distribution, research and development, cross-border e-commerce and offshore trade that will be based in the zone were signed on the same day.

The Shaoxing Comprehensive Bonded Zone, which received approval from the State Council in September 2020, spans 1.72 square kilometers.

Trade companies are welcomed to take advantage of the favorable policies in the bonded zone that would reduce costs for logistics and storage and facilitate exports and imports.

The plaque of the Shaoxing Comprehensive Bonded Zone is unveiled at the ceremony marking the beginning of operations of the bonded zone on March 3. [Photo/zj.zjol.com.cn]