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Tariff insurance offered in Airport New City function area

(en.xixianxinqu.gov.cn) 2018-11-12 Print Mail Share

On Nov 9, Avic Xi'an Aircraft Industry (Group) Co implemented a "new guarantee" model to speed up customs clearance at the Xi'an Xianyang International Airport. This is the first step in the implementation of air cargo tariff insurance in Shaanxi.

The Airport New City function area of Xixian New Area, China (Shaanxi) Pilot Free Trade Zone (FTZ) took the lead in promoting the implementation of tariff insurance, further enhancing the liberalization of trade and investment.

Tariff insurance will attract more import-export enterprises, cross-border e-commerce companies and foreign-funded enterprises to the Airport New City function area.

It is also expected to form industrial clusters in addition to promoting foreign trade industries. A number of enterprises have already submitted applications for tariff insurance.

In order to reduce the cost and increase the efficiency of customs clearance for enterprises, as well as promote the rapid development of imports and exports in the function area, Airport New City also teamed up with Xi'an customs to hold a promotional meeting on tariff insurance.

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The promotional meeting on tariff insurance. [Photo/xixianxinqu.gov.cn]

Representatives of the People's Insurance Company of China (PICC) explained the specific declaration qualifications and procedures related to tariff insurance to participating enterprises.

Since Oct 29, the time needed to pass customs at the Xi'an Xianyang International Airport has been reduced from 81 hours to 66 hours, and the quality of customs clearance has been significantly improved as well, helping spur the rapid development of the port economy.

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The promotional meeting on tariff insurance. [Photo/xixianxinqu.gov.cn]