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Streamlined clearance at Shanghai Free Trade Zone sets benchmark for efficiency

China

China

China

Streamlined clearance at Shanghai Free Trade Zone sets benchmark for efficiency

2024-09-19 19:51 Last Updated At:20:07

The Shanghai Pilot Free Trade Zone (FTZ) has created a benchmark for its peers nationwide with its streamlined customs clearance and government approvals, bringing slashed costs and speedier logistics for enterprises.

At Shanghai's largest cold chain logistics center for fruits, nearly 10,000 containers are imported annually from South America alone.

To keep tropical fruits fresh after traveling thousands of miles, a new international trade mechanism has been developed and perfected in the city's FTZ.

"Previously, foreign ships were not allowed to engage in coastal transport within China. So bananas from South America had to be routed through Busan, South Korea, before reaching the three major ports in north China. Now, with the FTZ allowing coastal transport by foreign vessels, bananas can be transferred directly from Yangshan Port to the three northern ports, reducing shipping time by one to two weeks and significantly cutting costs for companies," said Jiang Jianli, logistics director of Goodfarmer Foods Holding Group.

The Shanghai Port now handles over 49 million standard containers annually, or an average of 1.5 containers are processed per second.

Managing such a high volume of ships and goods while maintaining order requires advanced systems. A decade ago, companies had to physically submit piles of documents for customs. Now, the process has gone digital.

"The Shanghai International Trade Single Window links 22 regulatory departments, including customs and maritime affairs departments, into one platform. This provides businesses with one-stop service and automated real-time declarations around the clock," said Zhang Jie, deputy director of the Shanghai Municipal Commission of Commerce.

The system has reduced the time required for cargo declarations from one day to half an hour and for ship declarations from two days to two hours.

It now supports over one-quarter of China's foreign trade, facilitating the country's exports and imports. Items like Spanish ham, New Zealand honey, Mongolian cashmere, Syrian soap, Pakistani handicrafts, coffee beans from East Timor and international beauty brands now reach the Chinese market more quickly.

Trade facilitation in the FTZ has played a crucial role in the China International Import Expo (CIIE), held annually since 2018.

"Global products now become available in Shanghai instantly after they are launched, which is very convenient," said a local resident.

Businesses benefit from streamlined processes and consumers enjoy faster access to products, thanks to the government's proactive efforts.

The average approval time for business licenses has been cut by 90 percent, and the required application materials have been reduced by 70 percent.

More than 300 business-related approval items are now fully processed online, boosting innovation and entrepreneurship.

Beyond food and consumer goods, the FTZ has also made waves in the art world.

The Shanghai FTZ was the first to implement the system for temporary entry of cultural relics, doubling their permitted stay in China.

Artifacts can enter bonded warehouses within 24 hours of arrival and be displayed or traded across the country while under bonded status.

From 2013 to 2023, the total value of cultural relics and artworks entering and leaving the Shanghai FTZ reached over 100 billion yuan (more than 14. 16 billion U.S. dollars). The number of art pieces processed annually at the FTZ grew from less than 100 to more than 10,000.

In the Lingang New Area, a part of the FTZ, smart heavy-duty trucks, taxis, and buses have become part of daily life.

Five years ago, the first wholly foreign-owned vehicle manufacturing project in China was launched in Lingang, completing construction and starting production within the same year.

Since the establishment of the Lingang New Area five years ago, its GDP has grown by an average of 19.8 percent annually, industrial output of major businesses by 34.6 percent, and fixed asset investment by 33.4 percent.

The area has also attracted around 100,000 talents with an average annual hike of 97 percent.

Streamlined clearance at Shanghai Free Trade Zone sets benchmark for efficiency

Streamlined clearance at Shanghai Free Trade Zone sets benchmark for efficiency

At least 15 people were killed in a series of Israeli airstrikes in southern Lebanon on Saturday, according to Lebanese official sources.

At least one child was among those killed and several children were among those injured in the strikes, according to the Lebanese Health Ministry and the National News Agency.

The Israeli army on Saturday morning ordered residents of southern Lebanese towns to evacuate before conducting airstrikes and demolishing homes.

Israeli attacks and airstrikes in Lebanon since March 2 had killed 2,795 people and injured 8,586 others, according to the latest data released by the Emergency Operations Center of Lebanon's Ministry of Public Health on Saturday.

Meanwhile, Hezbollah said it launched a rocket barrage overnight targeting a gathering of Israeli military vehicles and soldiers along the Lebanon-Israel border, in response to Israeli violations of the ceasefire.

Hezbollah lawmaker Hassan Fadlallah said the group was in a "defensive position" against Israeli "aggression" and warned that Israel should expect a response whenever it targets Lebanese villages or Beirut's southern suburbs. An Israeli soldier was seriously injured, and two others moderately injured in Israeli territory near the Lebanese border by an explosive drone launched by Hezbollah on Saturday, according to a statement issued by the Israel Defense Forces (IDF).

The soldiers were rushed to a hospital, the statement said, adding that additional explosive drones launched by Hezbollah fell in Israeli territory near the border, without causing any casualties.

Another explosive drone hit an unmanned IDF engineering vehicle in southern Lebanon, with no casualties reported, the IDF said, adding that its air force intercepted several projectiles launched by Hezbollah toward Israeli soldiers operating in southern Lebanon.

The exchanges of fire came despite a ceasefire between Israel and Lebanon that took effect last month following weeks of cross-border fighting tied to broader regional tensions triggered by the U.S.-Israeli attacks on Iran.

15 killed in Israeli strikes in S. Lebanon

15 killed in Israeli strikes in S. Lebanon

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