1. Standards and conditions for designation of bonded area

Changed standards for designation of bonded areas within industrial complexes: In the past, industrial complexes could be designated as comprehensive bonded areas only when they were sold and occupied by companies. Now, the conditions for unsold industrial complexes to be designated as general bonded areas have been relaxed. This increases the possibility of designating a bonded zone in areas such as the Galsaman Industrial Complex.

2. Economic advantages of designating a bonded area

Promotion of sales and investment: Once designated as a bonded area, unsold land within the industrial complex can also be designated as a comprehensive bonded area, creating a favorable environment for sales and attracting foreign investment.

3. Customs duty reduction benefits when designating a bonded area

Once designated as a bonded area, you can benefit from tariff reductions when importing or exporting. The bonded system is a system under the Customs Act that allows foreign goods to be installed, displayed, manufactured, processed, constructed, sold, etc. after being declared for import and without being repaired. This allows companies to use foreign raw materials without immediate taxation, which reduces financial burden and contributes to stimulating trade.