A container truck carrying wood pulp from Chile entered Quzhou Comprehensive Bonded Zone in Quzhou, East China's Zhejiang province on Jan 4, marking the first transaction of 2026. The cargo, valued at about 20 million yuan ($2.87 million), is intended for a local specialty paper manufacturer.

Since operations began in June 2025, the bonded zone has seen a steady increase in foreign trade volume, with its total import and export value now exceeding 2.5 billion yuan.

The Quzhou Comprehensive Bonded Zone. [Photo/WeChat account: quzhoufb]

The bonded zone offers significant advantages for local businesses, particularly in export tax rebates and bonded logistics. Zhejiang Xiawang Paper, a leading specialty paper company located 6.6 kilometers from the zone, was among the first to benefit. The company now stores imported wood pulp within the zone, deferring tax payments until needed, reducing financial costs, and improving cash flow.

Quzhou is home to six key industrial sectors, including new materials, new energy, high-end equipment, and specialty paper. Quzhou Penghui Energy Technology, a leader in the new energy sector, was among the first to export lithium battery products from the zone in October.

More than 60 enterprises currently use the bonded zone for trade, with the new materials and new energy sectors accounting for about 60 percent of activity.

Construction of the zone's functional area is underway, with completion of the 600,000 square meter facility expected by November, which is expected to provide support for bonded logistics, manufacturing, R&D, and testing, as well as supporting services.