Guangdong's pilot free trade zone has made its way into this year's Government Work Report, generating much interest among the general public and the deputies of the National People's Congress. Nansha New District, part of the free trade zone, will roll out a series of measures to facilitate free trade, including a new model of customs inspection and clearance. And Guangzhou Port Group will also take advantage of the opportunity to build an international shipping center, while Guangzhou Port Limited plans on an IPO later this year.
In particular, Guangzhou Customs will introduce an express inspection and release mechanism, under which imported goods will be separated out on shipside and released immediately after unloading, while exported goods will be separated out at the cargo checkpoints and released immediately after loading. Goods not requiring inspection will be immediately released after unloading. The new mechanism will cut the average inspection time from two hours to 10 minutes.
On the strength of the seaport intelligent information management system, Guangzhou Customs also has plans to introduce a new model of self-service clearance in Nansha Port Area for international transit goods.
For enterprises, the good news is that under a new policy, enterprises registered in Guangdong's pilot free trade zone will be awarded a business license containing a business registration number, an organizational code and a tax registration number, instead of a separate organization code certificate and tax registration certificate.