SIP Export & Processing Zone Hits Record High
in First Half of the Year
A record high of business operation was registered in SIP Export & Processing Zone for the first 6 months of the year with 1.6 billion USD import and export volume, 10,000 customs clearance bills handled, and a daily traffic of 5,000 trucks through checkpoints. Currently, the zone has become the home of 76 registered enterprises and 20,000 employees, of which 5 enterprises have come from the Fortune-500 and three clustering of industries have been formed.
In the first 6 months of the year, the total accumulated import and export volume amounted to 2.86396 billion US dollars, of which export makes up 1.73329 billion USD, increasing by 114% and 121% respectively as compared with the corresponding period of last year. The import volume amounted to 1.66488 billion USD, increasing by 180%, and the customs duty revenue amounted to 69.73 million yuan RMB. 5 enterprises have been added in the zone, including BD Diagnostics, with total investment of 112 million USD and registered capital of 39.25 million USD.
Meanwhile, the clustering of industries has been accelerated in the zone. A number of enterprises have started operation or trial production in the zone, and 11 backup facilities have been built for electronic and precision industries.
The information platform of the zone's customs are being constantly improved to raised the efficiency of the electronic clearance on round-the-clock service, and inspection and exit are available day and night to speed up logistics operation in full implementation of the special policy of "exit port within boundaries".
July 19, 2006