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Ningbo to foster import market clusters

In less than a month, 2013 China Zhejiang Import Goods Expo, themed on "Ningbo—entrance of Import Goods for China, will open in Ningbo. For the great potential of the import market in Ningbo, the Expo hosted by the city has attracted a large number of export companies from over 30 countries and regions including Germany. So far, the 890 exhibition stalls for the fair have all been ordered out.

Based on the advantageous position in marine resources and well-developed manufacturing industry, the Ningbo Municipal Government has drawn up a plan to accelerate the development of import market clusters during the 10th Five-Year Plan period. From a related meeting, it is learned that Ningbo will give full play to the advantages of the areas of special regulation in customs like Ningbo Free Trade Zone and Ningbo Meishan Bonded Zone and take an active part in fostering a cluster of import markets and in particular, the markets of plastic products, chemical materials, nonferrous and precious metals, steel products, automobile service, and middle-grade and high-grade consumption goods.

Ningbo is witnessing a steady increase in the import trade of staple commodity. In 2012, Ningbo Free Trade Zone had each of the volumes of business for liquid chemicals, coal, steel and recycling resources, exceeding 10 billion yuan. In Ningbo Free Trade Zone, the total turnover of the four major markets of metal products, solid chemical products, and coal products exceeded 100 billion yuan. In the first quarter in 2003, the import of coal at Ningbo port was 2,812,000 tons, valuing 230 million RMB, an increase of 210% and 81.3% respectively. In this regard, Ningbo is in the front row of ports in China.

With its favorable geographical position in the Yangtze River Delta, Ningbo has a great potential for imported consumer goods. According to statistics from Ningbo Customs, in the first three months this year, the import of consumer goods is worth 140 million RMB, up by 12.4% year on year and 10.3 points higher than the same period in the previous year. So far, Ningbo has formed import markets for wine, olive oil, dairy products, snack foods and so on. Ningbo Free Trade Zone has 280 companies for food import and the volume of the import of wines so far this year adds up to 3,060,000 liters, worth 13.93 million USD. For this, Ningbo Free Trade Zone ranks among the top ten in China.

Sponsored by Ningbo Development & Planning Committee,technically-supported by Ningbo Information Center

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