China Cotton Association Conducted an investigation in Qingdao Free Trade Port Area

Source:China Cotton Association  Date: 26/March/2012

On March 23, Delegates from China Cotton Association head-office went to Qingdao Free Trade Port Area to conduct an investigation. The investigation group visited the cotton warehouse in the Free Trade Zone, and studied the inventory situation of imported cotton. The group also held a meeting with officials from Qingdao Bonded Port Zone Supervision Committee, Qingdao Free Trade Zone Cotton Exchange Market and Shenzhen Development Bank to learn more details of the operation system and cotton storage situation in the Qingdao Free Trade Port Area. Qingdao owns China??s largest cotton import port, which the cotton imports accounted for 40-50% of all. In recent years, facing the rising of imported cotton trade disputes, under the support of the Free Trade Zone Supervision Committee, Qingdao Cotton Exchange Market started to explore the creative business of a ?°performance witness service as the independent third party?�. The market also provide one package service, including custom declaration, inspection declaration, storage, transport distribution, agent service and trade financing, etc.

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