Qinzhou's foreign trade volume reaches new peak
In the first 10 months, Qinzhou's total foreign trade volume reached 53.12 billion yuan ($7.62 billion).
As an important window for Qinzhou to open to foreign countries, Qinzhou Port has ships coming and going every day, combined sea-rail freight trains connecting 12 provinces in western China, and 37 foreign trade container routes that cover all major ports in ASEAN. The resource advantages of the port have accelerated Qinzhou's foreign trade.
Guangxi Yabo Lithium is an enterprise located in Qinzhou Port. According to Zhu Zhongqiu, general manager of Guangxi Yabo Lithium, the American Yabo Lithium is a global specialty chemical company. Guangxi Yabo Lithium makes up 7 billion yuan of Qinzhou Port's annual output value. Now, the company is undergoing technical transformation and upgrading to further develop its products and expand its market locally and internationally.
From January to October this year, the overall customs clearance time at Qinzhou Port was 12.43 hours. This is a reduction of 95.35 percent compared to 267.44 hours in 2017. The overall clearance time for exports was 1.93 hours, 95.57 percent lower than the 43.55 hours it took in 2017.
The Qinzhou Port area of the China (Guangxi) Pilot Free Trade Zone. [Photo/WeChat account: zmqqzgpq]