Wine produced by Slovakia's Shepo Winery used to be subject to immediate tariffs when shipped directly to China by sea. After signing a warehousing agreement with the Cangzhou-Central and Eastern European Public Bonded Warehouse,the dealer can pre-stocked $80,000 worth of goods in the bonded warehouse. Once domestic buyers placed their orders, the goods were directly dispatched from the warehouse, reducing the delivery time to just 5 days. "Moreover, it alleviates the financial pressure of immediate tariff payments for wineries," said a representative from the bonded warehouse during an interview with the reporter yesterday.
Shepo Winery in Slovakia is one of the enterprises benefiting from the cost-saving and efficiency-enhancing customs clearance services provided by the bonded warehouse of Cangzhou-Central and Eastern Europe. In February 2023, Cangzhou-Central and Eastern Europe Warehousing Service Co., Ltd. received approval from Shijiazhuang Customs for the official establishment of its public bonded warehouse project. By June of the same year, it had obtained the Bonded Warehouse Registration Certificate, allowing it to commence operations. As of now, Cangzhou Central and Eastern Europe Public Bonded Warehouse has signed agreements with eight domestic and international enterprises, including Slovakia KAM Crystal Factory and Czech Lahofer Winery, with a steady increase in business volume. The goods originate from Slovakia, the Czech Republic, Chile, and Mexico, involving multiple Chinese and European partners. Notably, Wanshihao International plans to handle 100 containers by 2025.
"A bonded warehouse is a specialized customs-exempt supervision facility. Here, goods stored, sorted, or processed are temporarily tax-exempt. They can also be stockpiled initially and then cleared in batches based on market trends to mitigate the risk of unsold goods," explained a representative from the Cangzhou-Central and Eastern Europe Bonded Warehouse. During the storage period, the postponement of customs duties and value-added tax better accommodates the transit and storage requirements of goods. This approach minimizes the risk involved in bulk purchasing for foreign trade businesses, shortens the procurement time for imported goods, and reduces logistics risks. Additionally, it alleviates financial pressure on foreign trade businesses, offering more flexible and independent means to navigate the pricing risks associated with international commodity procurement and imports.
According to reports, the Cangzhou-Central and Eastern Europe Bonded Warehouse is situated within the China-CEE SME Industrial Cooperation Base. Belt and Road International Logistics (Tianjin) Co., Ltd. has formed a joint venture, "Cangzhou-Central and Eastern Europe Warehousing Service Co., Ltd." located in the Zhongjie Industrial Zone, serving as the project's operating unit. The warehouse has partnered with a professional customs brokerage company from Tianjin, capable of handling the international logistics customs declaration and clearance processes for enterprises within the park. It has established long-term cooperation agreements with major courier companies including SF Express, JD Express, and Yunda Express to provide premium warehousing and logistics services. The warehouse comprises several sections: an import bonded warehouse, a general warehouse, business offices, product display, logistics, and express delivery. The import bonded warehouse covers an area of approximately 2,100 square meters, the general warehouse spans about 1,500 square meters, and the product display area is 200 square meters. The project primarily involves bonded warehousing, customs clearance, logistics, express delivery, display, and sales operations for imported consumer goods, home building materials, automobiles, aircraft components, and other general merchandise from Central and Eastern Europe and various other countries.
Disclaimer：The above content is translated from Chinese version of Cangzhou Daily. The Cangzhou Daily version shall prevail.
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