Qingdao SCO zone promotes trade facilitation
China DailyThe China-SCO Local Economic and Trade Cooperation Demonstration Zone is located in Jiaozhou, Qingdao, Shandong province. The China-SCO demonstration zone in Qingdao, Shandong province recently launched 20 institutional innovation cases, which are intended to provide solutions to boost trade facilitation and upgrade economic and trade cooperation among SCO countries. The 20 institutional innovation cases cover six areas, including logistics and transportation, trade development, industrial cooperation, the application of scientific and technological achievements, the free flow of people, and the facilitation of the financial supply. The China-SCO demonstration zone has opened regular special transport lines to Baku, Azerbaijan, Tbilisi, Georgia, and Izmit, Turkey, saving about one-third of the time compared with the conventional sea and land transport, and effectively guarantees the stability of the international industrial chain and supply chain. The zone has also reached cooperation intentions with Uzbekistan, Armenia, Pakistan, Azerbaijan, Sri Lanka and other SCO countries, and will gradually promote the mutual recognition of AEO and enhance trade facilitation.