Zhangjiagang Imports Cotton Grows Substantially

In the first half of this year, Zhangjiagang inspection and Quarantine Bureau accepted import.

The 1093 batch of inspection, weighing 337 thousand tons, the value of $790 million, an increase of 31.4%, 106.8% and 80.6%, respectively.

The volume of imported cotton reached 95.2% last year, showing a blowout trend.

Zhangjiagang has become the third largest cotton import port in China after Qingdao port and Shanghai port, and has gradually become an important distributing center for importing cotton in China.

According to industry analysis, there are four main reasons for the significant increase in cotton imports in Zhangjiagang:

First, domestic cotton is higher than international.

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The policy of national storage and purchase in 2011/2012 basically stabilized domestic cotton prices, and the price of international cotton fell all the way since the second half of last year.

When the difference between domestic and international cotton appeared, domestic enterprises and traders waited for large quantities of cotton to be imported.

Two, imported cotton is limited by domestic quota.

Because there is no quota of imported cotton, imported cotton can only enter the bonded zone in large quantities.

The three is Zhangjiagang's regional advantages.

The Zhangjiagang Free Trade Zone Management Committee is established.

On the basis of the trading market, China Cotton Association and Jiangsu cotton bonded logistics trading center have been set up to improve warehousing and logistics services, and regional radiation advantages and functional advantages of bonded port areas have been enlarged.

Four, the inspection and quarantine clearance environment is excellent.

The Zhangjiagang inspection and Quarantine Bureau has set up a cotton inspection laboratory in the bonded area around the requirements of speed up, burden reduction and synergy. In the import and export of cotton inspection and quarantine work, the inspection and quarantine work has launched a number of service initiatives such as "5+2" work system, direct release, vehicle weighing, declaration of customs declaration, and time limit certification. It has created a fast and convenient inspection and quarantine clearance environment for cotton imports in Zhangjiagang.