Wuhan Eastlake Free Trade Zone
About 30 global large-scale suppliers gathered in Wuhan Eastlake Free Trade Zone on Dec. 1, discussing about settlement in Optics Valley bonded commodity display and trading center. By the end of this month, nearly 4,000 imported consumer goods from around the world will be available to Wuhan citizens in this “international supermarket”.
With an exhibition area of 4,000 square meters in the first phase, Optics Valley bonded commodity display and trading center is a platform for bonded commodity display and trading in Wuhan Eastlake Free Trade Zone. It introduces commodities from 33 countries and regions such as Europe, America, Japan, South Korea, Southeast Asia and Australia, covering five major consumption areas, namely, liquor, infant & mom, fruits, clothing and health care products. As the only place to be opened to public in Wuhan Eastlake Free Trade Zone, the center allows domestic and foreign merchants to display and sell bonded commodities through the platform.
Since Wuhan Eastlake Free Trade Zone adopts the policy of “outside the customs and within the boundary”, consumers have to pay certain tariffs before the goods they buy go through customs.
The commodities sold in Wuhan Eastlake Free Trade Zone are generally 10 percent to 20 percent cheaper than that sold in market, and some can even be 50 percent cheaper.
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