Bonded logistics park
A Bonded logistics park is a type of special economic zone. Trade arrangements are similar to that of a bonded warehouse but over a specific geographic area. Sometimes with international port capabilities.[1] Goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.
China
China’s bonded logistic parks have similar rules to free trade zones (another specific type of special economic zone) except for export VAT refund. Export VAT refund is eligible for a Chinese company once their goods enter the park.[2]
Locations
- Zhangjiagang Bonded Logistics Park, Jiangsu province
- Yantian Port Bonded Logistics Park, Guangdong province
See also
References
- ↑ "Sourcing in China? Give BLPs a VIP Role". Inbound Logisitics. 2005. Retrieved 9 May 2014.
- ↑ "Chinese Bonded Areas: Choosing the Right Location" (PDF). Ernst & Young Global Limited. 2011. Retrieved 9 May 2014.
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