All or most of the goods entering and leaving the port area are exempt from customs duties, and it is allowed to engage in free storage, display, disassembly, modification, repackaging, sorting, processing and manufacturing of goods in the free port. Singapore Port, which ranks first and second in the world in terms of container port transit volume, and Hong Kong, China, both implement the free port policy, attracting a large number of containers to transit, and establishing their position as the world container center hub.
The free trade port policy is indeed extremely beneficial to the development of foreign trade, but considering the current foreign trade, economic operation situation, tax policy and other factors in China, it is not appropriate to promote it too quickly throughout the country. At present, bonded ports are mostly implemented as supporting policies for shipping centers, so only coastal cities recognized by the state as international shipping centers can apply for and get approval.
International container hub port
International container hub port has three basic elements, namely location, economic hinterland and modern collection and distribution network. As an international container hub port, its location should be superior and strategic, and its superiority and strategy are mainly reflected in the coincidence with the focus of world economy and domestic economic development.
The second element of an international container hub port is the vast economic hinterland. Under modern traffic conditions, the vast economic hinterland should include certain offshore areas and even certain marine areas in addition to certain inland areas. Modern collection and distribution network is another element of international container hub port. This collection and distribution network not only includes the integrated land, water and air transportation system connecting the port with the inland hinterland, but also includes the sea and air transportation system connecting the port with the offshore and marine areas.
Baidu Encyclopedia-Free Trade Port