Liangjiang New Area is a state-level new area situated in the municipality of Chongqing, China. Liangjiang will open a new bonded trade center to the public to speed up the development of bonded trade in 2015, according to the official website of Liangjiang New Area.

The first-stage of the bonded trade center project opened in 2014, bringing in more than 260 enterprises and introducing more than 3 million kinds of imports. The transaction volume of the center has also exceeded $131 million.

In addition, the area’s first bonded trading platform has been put into operation and has so far invited 40 cross-border business enterprises to participate, resulting in a trading volume of achieved 50 million yuan ($7.99 million).

With the rapid development of bonded trading in 2014, the bonded zone will continue to expand its investment channels and enrich different types of goods. Moreover, Liangjiang New Area will also take advantage of the bonded trading port to construct a logistic industry with the output of 10 billion yuan.

Edited by Jacob Hooson