Shang­hai opens spe­cial cus­toms fa­cil­i­ties for Im­port Expo

Global Times US Edition - - BIZOVE - By Guo Yuan­dan

Shang­hai cus­toms has opened 38 spe­cial chan­nels at sev­eral ports for cus­toms clear­ance for for­eign com­pa­nies that are at­tend­ing the up­com­ing China In­ter­na­tional Im­port Expo, of­fi­cials said on Thurs­day.

For­eign com­pa­nies’ par­tic­i­pa­tion in the im­port expo is not be­ing af­fected by the es­ca­lat­ing trade ten­sion be­tween China and the US, of­fi­cials noted.

Shang­hai is gear­ing up for the im­port expo, which of­fi­cials say is the first of its kind in the world. The event is aimed at ex­pand­ing China’s im­ports and fur­ther open­ing up the Chi­nese mar­ket.

Huang Yum­ing, an of­fi­cial with the Shang­hai Cus­toms District, told a press con­fer­ence that Shang­hai cus­toms has taken 13 mea­sures to en­sure smooth cus­toms clear­ing for par­tic­i­pat­ing com­pa­nies, in­clud­ing set­ting up the 38 spe­cial chan­nels. Shang­hai cus­toms will also have 92 in­for­ma­tion desks at the expo to help com­pa­nies and sig­nif­i­cantly cut down the time for the process, Huang said, adding that it would only take five to six hours to clear cus­toms and ar­rive at the expo.

A to­tal of 80 coun­tries and re­gions, as well as 2,800 com­pa­nies. have been in­vited to the expo, which is sched­uled to kick off next month, ac­cord­ing to Liu Fuxue, an of­fi­cial with the China In­ter­na­tional Im­port Expo Bu­reau.

Many com­pa­nies, in­clud­ing those on the For­tune 500 list, are at­tend­ing, and on­go­ing trade ten­sions be­tween China and the US are not af­fect­ing par­tic­i­pa­tion, Gao Zhiqiang, an­other of­fi­cial at the expo bu­reau, told the Global Times on Thurs­day.

“There is al­most no im­pact at all,” Gao said, when asked about how the trade war has af­fected the expo. “Coun­tries that have huge amounts of trade with China are send­ing more at­ten­dees.”

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