Qianhaiwan free trade port hails 3-yr anniversary

The Qianhaiwan free trade port area in Shenzhen will celebrate three years of operation on Aug 19.

Over the past three years the port reached a total import and export volume of $16.5 billion, 5.1 million standard containers passed through the port and customs inspected 33.4 million tons of goods.

A 300,000 sq m warehouse and three 100,000 ton berths have been built over 1.71 sq km in the first phase of the development of the Qianhaiwan free trade port.

The port delivers the most output per unit area, has the largest variety of logistics and the steadiest business growth within all the bonded areas in China.

Shekou customs, which supervises this area, implemented a series of measures to accelerate clearance times at the port, including adopting new technology that performs risk analysis. The technology identifies low-risk enterprises and grants them “unloading before clearance”.

The port has attracted multinational companies including logistics company DHL, which set up a comprehensive logistics center at the port in July. Toy maker Hasbro established a distribution center and quality control center and the French furniture company BUT established their Asian storage center, design center and China purchase center at the port.

The Qianhaiwan free trade port area is part of the Qianhai Shenzhen-Hong Hong Modern Service Industry Cooperation Zone, a new economic zone in Shenzhen which focuses on the financial, logistics and IT services sectors. A series of pilot programs on finance, taxation, legal and human resources will be launched in the zone.