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Dear Members and Friends of CICC,
On October 19th, 2020 the “Italian Comprehensive Industrial Park”, led by the Italian company COSMO, was inaugurated in the Yingkou FTZ.
The “Italian Comprehensive Industrial Park” located in the Yingkou FTZ aims to create a comprehensive processing trade park, to process, pack, assemble, import and export, and distribute Italian products like F&B, cosmetics, clothing, daily-use articles and others. It is estimated that, after the completion of this project, the annual import and export volume will reach $250 million.
“The aim of this project is to move in Yingkou FTZ the processing and the packing of our products, which can effectively reduce the freight and processing costs of Italian manufacturers. The supply cycle of the Chinese market is reduced from 60 days to 15 days, which provides a fast and efficient channel for Italian enterprises to enter China in the future. The support and care of Yingkou free trade zone for foreign enterprises has made Italian enterprises see the high-quality business environment and strong policy support of China's Yingkou free trade zone. For the future we believe that with the joint efforts of China and Italy, and thanks to the cooperation of the CICC, the Italian comprehensive industrial park will continue to improve.” Said the representative of the Italian investors, Vincenza Caputo.
Anna Zhao, chairman of the board of Directors of the Italian Brand Viridis, said: “The Italian comprehensive industrial park project officially settled in Yingkou Comprehensive bonded zone. From the factory renovation to the approval of our license, the representatives of the FTZ and Yingkou customs carefully guided us in the whole process, we really felt warmly welcomed and realized the high-quality business environment of Yingkou Free Trade Zone. In the future, we will pass on our profound experience in Yingkou FTZ to more Italian enterprises, so that they can better understand the preferential policies and convenient services of Yingkou Free Trade Zone, bring more cooperation and partners to the FTZ, and further help our industrial park to grow bigger and stronger.”
On the ceremony, Valentina Rigoni, CICC Beijing Office Coordinator, was invited to unveil the project’s plaque together with the Yingkou Mayor Xu Guiqing.
Kind Regards,
CICC Team.
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