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Liaoning Pilot Free Trade Zone Dalian Area Launches Entrepot Bonded Value-added Service of Parallel Import Cars

        Liaoning Pilot Free Trade Zone Dalian Area pioneered inChina to launch entrepot bonded value-added service of parallel imported cars.By increasing customs functions in areas under special customs supervision andinnovating business models, Dalian Area has promoted the industrial upgradingof parallel import cars. It is reported that dealers have to pay tariffs first before import cars from foreign countries and thensell the upgraded imports in domestic market. With the new policy, dealers canreduce capital stress by 40%. Enabled by the entrepot bonded value-addedservice of parallel imported cars, dealers get face-to-face access to theinternational market in areas under special customs supervision. With formerlycarried out investment promotion and project development events, more than 10car model dealers, such as Mercedes Benz, Cadillac, Lincoln and Land Rover,from Germany, Mexico and Canada, intend to do entrepot bonded value-addedbusiness of parallel imported cars. These cars will later be sold to the U.S.,Singapore, and other regions in southeast Asia, creating export value of 500million yuan annually.