The story appears on

Page A10

March 27, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Simple nod for cultural items next

COMPANIES dealing in cultural products and artworks in the Shanghai free trade zone will benefit from a simplified approval process, according to Shanghai Entry-Exit Inspection and Quarantine Bureau.

The bureau inspected US$16.65 million worth of imported cultural products and artworks in the FTZ last year and approved all of them.

The bureau said its next step is to simplify the time-consuming approval process for companies acting in good faith. Firms officially recognized by the bureau as acting in good faith will have their imports released immediately without further screening over the next three years.

But the bureau didn’t reveal more details of its next move.

Last year, 36.19 billion yuan (US$5.3 billion) of cultural products were imported and exported through Shanghai, an annual rise of 9.3 percent.

The import and export of cultural services via Shanghai were worth US$3.99 billion in 2016, up 6.4 percent annually.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend