Shanghai bonded areas cargo Value Rises 31.6pc in first half

SHANGHAI's bonded areas, the Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and some export processing zones, achieved an import and export value of US$48.2 billion, up 31.6 per cent in the first half year on year, reports Xinhua.

Combined import and export cargo value processed in these areas increased 23 per cent to $27.07 billion, representing 50.7 per cent of the city's total processing trade value.

Import and export value of bonded cargo handled by freight forwarders in the zones rose 33.9 per cent to $19.99 billion, representing 81.2 per cent of the total of those handled by all freight forwarders in the city.

Since the Songjiang Export Processing Zone started a trial run of product research, development and maintenance operations in February, the zone has achieved an import and export value of US$229 million.