Foreign trade of comprehensive bonded zone in NETDA up 123.3% in Jan-Oct

Imports and exports in the comprehensive bonded zone in the Nantong Economic and Technological Development Area (NETDA), East China's Jiangsu province were worth 15.75 billion yuan ($2.26 billion), a year-on-year increase of 123.3 percent, from January to October, official statistics show. 

One of the key reasons behind this growth is the implementation of measures by NETDA authorities that were aimed at attracting more investments and optimizing the business environment.

During the same period, 25 projects and two foreign trade headquarter enterprises were established in the zone.

NETDA authorities have also rolled out favorable policies to help enterprises in the zone weather challenges brought about by the COVID-19 pandemic. 

To date, more than 20 companies have benefitted from the policies.

NETDA will continue its efforts to attract more investment and create a cluster with leading manufacturing enterprises, foreign trade enterprises and innovation companies, said local authorities.