World Wool Processing Center Transferred to China

Zhangjiagang Bonded Port Area, relying on its convenient port transportation advantages and preferential tax policy, has taken full advantage of bonded processing, bonded warehousing and distribution functions, and gradually became a national wool import trade base and wool wool export production base.

According to customs statistics, in the first half of this year, the bonded port area imported 33,400 tons of wool, with a value of 386 million US dollars, an increase of 44.32% and 24.87% year-on-year respectively; and exported 9,897 tons of wool, a value of 134 million US dollars, an increase of 13.49% over the same period of last year. 0.75%. In addition to its absolute advantage in the Asian market, the bonded wool area wool bars continue to maintain their momentum of exporting to the big hair-producing countries Australia and New Zealand. At the same time, they have also entered the European, American, and African markets in large numbers, and the number of export countries and regions has reached nearly 40.

Wool Centers Moved Eastwards In recent years, due to high labor costs, the world wool processing center has gradually shifted to China. In April 2009, the Chinese Wool Chamber of Commerce was established in the Zhangjiagang Free Trade Zone to improve and improve the development mechanism of China's wool industry, to give play to the overall advantages of the industry, to lead enterprises in all directions to improve their operating and protection capabilities, enhance their core competitiveness, and promote the development of the wool industry in China. High-level development provides a platform for local research. Zhangjiagang Bonded Port Area has gradually become a national wool import trade base and wool wool export production base, leading the nation's wool export.

Since the Zhangjiagang Free Trade Zone textile raw material trading market was listed, it has maintained a good momentum of steady development and played an important role in increasing the flow of wool.

The location advantage highlights the scale of wool import and export trade in Zhangjiagang Bonded Port Area that can be developed to today’s national leaders, relying heavily on the special policies and location advantages of the Zhangjiagang Bonded Port Area.

The Zhangjiagang Bonded Port Area, which is located in the Yangtze River Delta transportation hub, has convenient port traffic conditions, a good investment environment, preferential bonded policies, standardized business management, strong local government support, and a convenient and rapid customs clearance environment. It has been subjected to the wool textile industry. High attention has attracted a large number of domestic and foreign companies with stronger wool to settle in.

Building Public Platforms Under the preferential policy of Zhangjiagang bonded processing, the wool processing enterprises in the bonded port area continuously introduce new production and processing equipment, improve wool production technology, reduce the production costs of wool processing, and enrich the varieties of export wool products. In order to improve product quality and develop high-grade wool strip products, the industrial agglomeration supervision and construction has been gradually deepened. The public inspection technology platform has been operating steadily, and the export advantages of wool strips have become increasingly prominent. Zhangjiagang Bonded Port Area has several large-scale wool spinning enterprises such as Tianyu, Aofeng and Xieyou, with an annual processing capacity of 50,000 tons.

In addition, Zhangjiagang Bonded Port Customs has always taken “service economy and development promotion” as its purpose, actively involved in in-depth training on customs policies and regulations, and communicated face-to-face with enterprises to understand business service needs and guide enterprises in standardizing related business operations.

At the same time, the customs helped the company reduce production costs by simplifying the procedures for filing and verification of wool processing trades, taking advantage of market inspections, assisting in controlling unit consumption, and intervening in the production process management; it promoted “paperless customs clearance” and “two single audits”. Customs operations and other reforms to simplify customs clearance procedures, to improve service levels and work efficiency, for wool traders to provide a good, fast and efficient customs clearance environment.