THE northern Qingdao Bonded Port Area and China General Technology Group have signed a strategic cooperation agreement on developing the port area into an automobile checkpoint and a bulk commodity trading and pricing centre, reports Xinhua.
The China General Technology Group will focus on the construction of the automobile checkpoint. It plans to invest in special project and launch automobile import and export business and related services by taking advantage of its automobile marketing resources and experience.
Meanwhile, the group aims to promote the port area's bulk commodity business and help the port area to enhance its status and influence among the bulk commodity trading and pricing centres in China. And the port area will offer supportive policies for the group in terms of administrative approval and customs inspection and clearance.