Pilot FTZ in Chongqing sees increase in whole-vehicle imports

The pilot free trade zone (FTZ) in southwest China‘s Chongqing Municipality saw an increase in whole-vehicle imports in 2020 with streamlined China-Europe freight train services.

In 2020, 6,053 vehicles were imported through the China-Europe freight train services, with an overall value of almost 2.82 billion yuan ($430 million), according to municipal customs officials.

These figures came after the pilot FTZ simplified its bonded warehouse services for whole-vehicle imports to one inspection and one transit, which reduce the time taken to enter and exit the FTZ by more than 50 percent.

The pilot FTZ has also set up whole-process electronic monitoring for packages to enhance the performance of international parcel transport through the China-Europe freight train services.

Chongqing’s China-Europe freight train services transported over 17 million parcels in 2020, representing more than 65 percent of all parcels handled through the services nationwide.