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Yiwu sees two milestone events for FTZ development

chinadaily.com.cn| Updated :2021-08-18

Zhejiang authorities announced the 10 milestone events that took place over the past two months in the China (Zhejiang) Pilot Free Trade Zone at a news conference on July 30.

Two of the 10 events occurred in Yiwu, a county-level city which is often dubbed "the world's supermarket" as it is home to the world's largest wholesale market of small commodities.

On July 1, a freight train (service number: X9018) loaded with 100 twenty-foot equivalent units (TEU) of cargos departed from Yiwu West Station for Kyrghyzstan and Uzbekistan, marking the launch of the "China-Kyrghyzstan-Uzbekistan" highway-railway combined freight transport in the Yangtze River Delta region.

China's first bill of lading for property rights was also signed and issued to the freight train service. This was a milestone event that marked Yiwu's expansion of trade routes and the growing presence of made-in-China products in the global market.

On June 1, Yiwu authorities established an international business law service center, an unprecedented move by a county-level government in China. The center will offer legal services such as dispute resolution, arbitration, and authentication for international commerce affairs.

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A freight train carrying textile, hardware, and groceries leaves Yiwu, East China's Zhejiang province for Kyrghyzstan and Uzbekistan in Central Asia on July 1. [Photo/zj.zjol.com.cn]