A bonded logistics park is a type of
special economic zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...
. Trade arrangements are similar to that of a
bonded warehouse
A bonded warehouse, or bond, is a building or other secured area in which imported but dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. They may then be again exported without payment of duty. ...
but over a specific geographic area. Sometimes with international port capabilities.
Goods
In economics, goods are anything that is good, usually in the sense that it provides welfare or utility to someone. Alan V. Deardorff, 2006. ''Terms Of Trade: Glossary of International Economics'', World Scientific. Online version: Deardorffs ...
may be stored, manipulated, or undergo manufacturing operations without payment of
duty
A duty (from "due" meaning "that which is owing"; , past participle of ; , whence "debt") is a commitment or expectation to perform some action in general or if certain circumstances arise. A duty may arise from a system of ethics or morality, e ...
.
China
China’s bonded logistic parks have similar rules to
free-trade zones (another specific type of
special economic zone
A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...
) except for export
VAT refund. Export VAT refund is eligible for a Chinese company once their goods enter the park.
Locations
*
Zhangjiagang Bonded Logistics Park,
Jiangsu province
*
Yantian Port Bonded Logistics Park,
Guangdong province
See also
*
Entrepôt
An entrepôt ( ; ) or transshipment port is a port, city, or trading post where merchandise may be imported, stored, or traded, usually to be exported again. Such cities often sprang up and such ports and trading posts often developed into comm ...
*
Free economic zone
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re- exported under specific customs regulation and generally not subjec ...
*
Free-trade zone
*
List of free economic zones
References
{{reflist
Special economic zones