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Cuntan Bonded Port Zone Formally Established in Lianglu of Chongqing

Cuntan Bonded Port Zone in Lianglu of Chongqing, the first inland bonded port zone of China, was set up yesterday. Bo Xilai, CPC Chongqing Committee Secretary and Sheng Guangzu, Director of General Administration of Customs of the People’s Republic of China gave the nameplate to the Administration Committee of Cuntan Bonded Port Zone in Lianglu of Chongqing and Chongqing Bonded Zone Development & Management Co., Ltd. Wang Hongju, Mayor of Chongqing and Wei Chuanzhong, Deputy Director of General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China delivered speeches. 
Chongqing Bonded Port Zone, composed of Cuntan Port, Jiangbei International Airport and Export Processing Zone, is a “double-functional” inland boned port zone which integrates water port and airport. Pursuant to the Reply to Application for Establishment of Cuntan Bonded Port Zone in Lianglu of Chongqing by the State Council, the bonded port zone, after completion, will be under closed-door administration and Chongqing Export Processing Zone will not be reserved then.
Wei Chuanzhong, on behalf of ministries and commissions of the PRC, said that it was meaningful and influential for construction of Cuntan Bonded Port Zone in Lianglu of Chongqing, which was favorable for providing better services for foreign-oriented industry in Western China and promoting access of international capital to western hinterland; favorable for further reducing the foreign-trade logistic cost in Western China and making Chongqing a regional logistic center; favorable for breaking the regional restrictions jointly in Western China, closer to global industry and economy; favorable for developing inland economy in Chongqing based on opening-up and realizing the leading position for opening-up in Inland China.
He said, “The inland bonded port zone, compared with coastal bonded port zone, has a longer construction term and more difficulties for management. Chongqing shall insist on high starting profile, high standard and high level based on the principles of overall planning, reasonable arrangement, innovative system and step-by-step implementation, in order to realize good planning, construction and management of Chongqing bonded port zone and finding a mode applicable to administration and supervision of inland ports”. Wei said that good preparation shall be available for inward investment and ushering in internationally renowned logistic enterprises, aviation and shipping enterprises, processing manufacturers and multi-national procurement enterprises. Wei also said, “The piping which connects bonded port zone with Chongqing and surrounding areas shall be improved as soon as possible to promote interaction between the bonded port zone and the western hinterland and develop Cuntan Bonded Port Zone in Lianglu of Chongqing as a pilot zone and a demonstrating zone for inland bonded port zones of China”.
Wang Hongju said, “It is the fortune of Chongqing as well as the opportunity of inland for establishing the first inland bonded port zone. It plays an important role in extending opening up and promoting development. It is favorable for developing opening-up oriented economy in Western China by making full use of Yangtze Golden Waterway. Chongqing had made some progress in opening-up since it became a municipality directly under the Central Government. However, the progress is far from the “314” Umbrella Plan made by Hu Jintao, General Secretary of PRC. Chongqing will insist on starting with a high standard and regular operation, and complete the implementation proposal and industrial development planning of the bonded port zone as soon as possible. Chongqing will strictly adhere to requirements of special supervision zone, accelerate construction and make the bonded port zone available soon as possible.
At the opening ceremony, Sheng Guangzu announced the Reply to Application for Establishment of Cuntan Bonded Port Zone in Lianglu of Chongqing by the State Council. Li Xiaoquan, chief of the 3rd Division of State Commission Office for Public Sector Reform announced the Reply to establishment of the Administration Committee of Cuntan Bonded Port Zone. In addition, a strategic cooperation agreement was entered into by and between Chongqing Bonded Zone Development & Management Co., Ltd. and Export-Import Bank of China.
Chongqing Officials, such as Xing Yuanmin, Zhang Xuan, Huang Qifan, Zhou Mubing and Wu Jianong and officials from ministries and commissions concerned were also present.
   

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