A six-day bonded commodities exhibition was held in Qingpu district of Shanghai in November in a bid to give full play to the spillovers of the second China International Import Expo (CIIE).

The bonded imported commodities in the CIIE event were only for display purposes and not for trade, which to some extent slowed down their stepping directly into the market. In order to expand trade facilitation and turn more "exhibits" into "commodities", the Shanghai Qingpu Comprehensive Bonded Zone made its debut on Sept 12, realizing the expansion of import and export trade, bonded warehousing, exhibition and trading, and providing more policy dividends.

Benefiting from the support of the Shanghai Municipal Commission of Commerce and the city's customs department, Qingpu has been making full use of the extended function of bonded warehousing in the district.

In addition, roughly 10,000 square meters of a bonded display exhibition venue opened in October this year, where imported goods under customs supervision can be directly and conveniently sold to consumers.

During the expo, 1,711 business groups and enterprises and 16,449 individuals registered at the Qingpu trading sub-sector. Following the signing of their first order ($100 million) with Qingpu trading group on the first day of the CIIE, four overseas foreign trade associations landed and signed purchase intention agreements with nearly 20 exhibitors on Nov 8. Qingpu ranked first in the city in terms of the cumulative volume of submitted intention orders.