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Seaport Administration of Tianjin Port Free Trade Zone Promotes Regional Function Breakthrough

””””Recently, Seaport Administration of Tianjin Port Free Trade Zone promoted regional function breakthrough to drive the development of the zone. In order to further expand the functions of the special customs regulation areas, actively implement the ”°Promoting Development by Service”± Campaign, and better meet the needs of the enterprises in the zone for business other than bonded warehousing, the Seaport Administration, under the supports from the customs of Tianjin Port Free Trade Zone, launched together with other departments concerned the Detailed Operation Rules of Management Committee of Tianjin Port Free Trade Zone on ”°Classified Management of Warehoused Goods by Status”± by Enterprises. These Rules allow warehousing enterprises in the zone that meet relevant conditions to deal with the business of ”°Classified Management of Warehoused Goods by Status”±. In other words, non-bonded goods are allowed to enter special customs regulation areas in a manner other than customs clearance, and then be exported or go to other domestic places after combination with bonded goods, so that the utilization rate of warehousing space can be effectively increased. This policy provides convenience for customs to implement real-time information technology based management over warehousing enterprises, and greatly broadens business scopes of relevant enterprises. So far, Xinbaofeng International Logistics (Tianjin) Co., Ltd. has been approved for such business and has actually started such business, and 5 other logistic enterprises in Tianjin Port Free Trade Zone are applying for the approval for such business.

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