Bonded logistics park explained

A bonded logistics park is a type of special economic zone. Trade arrangements are similar to that of a bonded warehouse but over a specific geographic area. Sometimes with international port capabilities.[1] Goods may be stored, manipulated, or undergo manufacturing operations without payment of duty.

China

China’s bonded logistic parks have similar rules to free-trade zones (another specific type of special economic zone) except for export VAT refund. Export VAT refund is eligible for a Chinese company once their goods enter the park.[2]

Locations

See also

Notes and References

  1. Web site: Sourcing in China? Give BLPs a VIP Role. Inbound Logisitics. 9 May 2014. 2005.
  2. Web site: Chinese Bonded Areas: Choosing the Right Location. Ernst & Young Global Limited. 9 May 2014. 2011.