The establishment of Tianjin Binhai New Area's Comprehensive Bonded Zone has been approved by the State Council recently. The bonded zone's planned area of 195.63 hectares will be closely supervised.

The relevant provisions of the Official Reply of the State Council on Approving the Establishment of the Yangshan Bonded Port Area shall apply to Tianjin Binhai New Area's Comprehensive Bonded Zone on its functions and tax and foreign exchange policies.

The bonded zone will develop international transit, distribution, procurement, re-export and export processing businesses; and expand the functions of the bonded zone to benefit from export processing zone-related tax revenue and foreign exchange management policy.

By People's Daily Online