Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
URUMQI, Dec. 2 (Xinhua) — The Kashgar section of the free trade zone (FTZ) in northwest China's Xinjiang Uygur Autonomous Region recently completed its first export leasing transaction through a bonded zone with special tax and customs status.
This deal was a key step for the Kashgar section of the FTZ in expanding the range of bonded services and enhancing trade convenience and liberalization, the FTZ administration noted.
As it turns out, the lessee was a Kyrgyz company. The 18-month lease included a batch of printers provided by a Kashgar-based company. They have already been delivered to Bishkek and safely handed over to the lessee. The entire transaction was deemed orderly and efficient.
Jiang Haitao, Deputy Director of the Kashgar Prefectural Commerce Department, noted that the bonded zone export leasing scheme not only opened an acceptable path for exploring new “bonded services plus” business models in the Xinjiang FTZ, but also offered businesses in Kyrgyzstan and other Central Asian countries more flexible options for using the necessary equipment.
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