BEIJING, June 30 China will relax customs
regulations for companies registered in its Shanghai pilot Free
Trade Zone (FTZ), allowing a firm to declare goods at customs
anywhere in China for the first time, state media quoted a
Shanghai official as saying on Monday.
The reforms, which come into effect on Tuesday, will allow
top-tier firms with their operational headquarters registered in
the FTZ to declare their goods at customs anywhere in China, the
official Xinhua news agency reported.
"This will give them an opportunity to develop rapidly their
access to the entire country," said Li Feng, an official at the
Shanghai customs business management office, Xinhua reported.
The move targets logistics firms and multinational
corporations, Li said, adding the evaluation for top-tier firms
will be the responsibility of the FTZ and not Shanghai customs.
About 120 top-tier firms will be selected for a trial where
the FTZ will aid the companies in clearing customs between China
and other countries and regions, as well as helping improve the
companies' international competitiveness.
From Tuesday, the customs authority will also publish a
regular public directory for credit information of companies
operating through Shanghai FTZ customs. This is intended to
strengthen supervision firms and encourage honest conduct.
(Reporting by Paul Carsten, editing by David Evans)