Eight new companies settled in Zhangjiagang Bonded Zone in the first two months of 2009, involving a total investment of US$4.9m, up 49 per cent over the same period last year. Last November, the State Council approved a plan to merge Zhangjiagang Bonded Zone and Bonded Logistics Park into Zhangjiagang Free Trade Zone. This is the second free trade zone on the Yangtze. The other one is in Cuntan, Chongqing. Chinese goods entering the zone are treated as exports while foreign goods entering the zone are treated only as imports upon leaving the zone.