Construction work begun on 2 June of the first phase of Chongqing Lianglu Cuntan Bonded Port Zone.

The 2.1 sq km first phase of China’s first inland bonded port zone will open in December, with all three phases due to be completed in 2015. The entire project will cover 8.4 sq km and is situated close near Chongqing Jiangbei International Airport and Cuntan Terminal. It will involve a total investment of some Rmb10bn.

Chinese goods entering the zone are treated as exports while foreign goods entering the zone are treated only as imports upon leaving the zone.