Wuxi debuted an official outlet center distributing imported goods in the Wuxi Industrial Expo Park, Wuxi National Hi-Tech District (WND), on May 28.
The preferential certificate of origin (C/O) has seen rapid growth in the January-May period as trade opportunities increased greatly after the implementation of the Wuxi China-South Korea Free Trade Area.
Bosch Automotive Diesel Systems’ Wuxi operation saved 1.62 million yuan ($246,000) in January-May thanks to a policy recommendation proposed by Wuxi Customs to cut import taxes on diesel engine parts.
Wuxi New District Integrated Free Trade Zone, founded in April 2012, was transformed and upgraded from Wuxi Export Processing Zone.