NETDA comprehensive bonded zone breaks record

The comprehensive bonded zone – located in the NETDA – broke a record in 2021 in the total value of its imports and exports. [Photo/ntfabu.com]

The total value of imports and exports in the current year in the comprehensive bonded zone in the Nantong Economic & Technological Development Area, or NETDA – located in Nantong city in East China's Jiangsu province – hit 10 billion yuan ($1.57 billion) for the first time, surging 25 percent year-on-year, according to local media reports on Dec 27.

In the first year of the 14th Five-Year Plan period (2021-25) – as the only special customs supervision area in Nantong – outstanding results were achieved in terms of the zone's construction and development.

What's more, the trend towards high-quality development in the new growth pole was regarded as being increasingly noteworthy.

Projections are that bonded imports of cross-border e-commerce online purchases will hit 150 million yuan for the full year, ranking it first in Jiangsu.  In addition, the annual value of high-tech imports and exports is predicted to reach 6.5 billion yuan.

In the current year, the comprehensive bonded zone fully utilized its preferential policies, license exemptions and quota exemptions to support local enterprises to participate in its dynamic international and domestic industrial development.