A bonded logistics park is a type of special economic zone. Trade arrangements are similar to that of a bonded warehouse but over a specific geographic area. Sometimes with international port capabilities. [1] Goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.
China
China’s bonded logistic parks have similar rules to free-trade zones (another specific type of special economic zone) except for export VAT refund. Export VAT refund is eligible for a Chinese company once their goods enter the park. [2]
Locations
- Zhangjiagang Bonded Logistics Park, Jiangsu province
- Yantian Port Bonded Logistics Park, Guangdong province
See also
References
- ^ "Sourcing in China? Give BLPs a VIP Role". Inbound Logisitics. 2005. Retrieved 9 May 2014.
- ^ "Chinese Bonded Areas: Choosing the Right Location" (PDF). Ernst & Young Global Limited. 2011. Retrieved 9 May 2014.