China Expands the CBEC Pilot Cities
Mar 24, 2021
Apart from the existing 86 cities and Hainan island, CBEC pilots expand to all cities (areas) where pilot free trade zones, CBEC comprehensive zones, comprehensive bonded zones, import trade promotion innovation demonstration zones and bonded logistics center (B type) are located.
The pilot expansion will greatly reduce the cost and time of CBEC logistics, and better satisfy domestic consumption demand.
On Mar. 22, 2021, six departments (Ministry of Commerce, National Development and Reform Commission, Ministry of Finance, State Administration of Taxation, General Administration of Customs, State Administration for Market Regulation) jointly announced to expand the CBEC pilots to all cities where pilot free trade zones, CBEC comprehensive zones, comprehensive bonded zones, import trade promotion innovation demonstration zones and bonded logistics center (B type) are located 1. Related cities/areas can conduct import business of bonded warehouse model (customs supervision method code 1210) following  No. 486 announcement as long as they are confirmed by local Customs of reaching corresponding supervision requirements. This announcement comes into effect since the date of promulgation.
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