Duty-free shop to open soon in Yiwu Airport
The duty-free shop in Yiwu Airport. [Photo/zgyww.cn]
A newly-established duty-free shop at Yiwu Airport passed an evaluation conducted by Hangzhou Customs on Feb 22 and is hence scheduled to open to the public soon.
It will be the fourth duty-free shop to open in an airport in East China's Zhejiang province. The previous three duty-free airport shops are located in Hangzhou, Wenzhou, and Ningbo.
Products sold at duty-free shops are exempt from tariffs, import-related value-added taxes, and consumption taxes.
The Yiwu shop, 150 square meters in area, will mainly sell perfume, alcoholic drinks, and cosmetics to the airport's border-exit passengers.
Yiwu is a county-level city that is often dubbed "the world's supermarket" as it is home to the world's largest wholesale market for small commodities. The market has established business ties with 2 million small and medium-sized companies in China, as well as 233 countries and regions.