Nanning bonded logistics center establishment approved

The Nanning bonded logistics center recently received joint approval for establishment from the General Administration of Customs, the Ministry of Finance, the State Administration of Taxation and the State Administration of Foreign Exchange.

To date, four of the five special customs supervision zones designated for setup in the Development Plan of Guangxi Beibu Gulf Economic Zone have already been approved to expand bonded logistics functions. The other three that had been approved include Qinzhou Bonded Port Area, Pingxiang comprehensive bonded area and the Beihai Export Processing Zone. These developments mark the framework of the bonded logistics system in the Beibu Gulf Economic Zone as already taking shape.

Source: People's Daily Online