Suzhou Port's three-month fee waiver boosts foreign trade

From April 18 to July 17, Suzhou Port's container terminals will offer a three-month free storage service for heavy containers imported and exported by foreign trade enterprises, according to the Suzhou Port Management Committee.

During the first quarter of this year, Suzhou Port managed a container throughput of 2.514 million TEUs, marking a 4.5 percent year-on-year growth.

The export of automobiles from Suzhou Port's Taicang Port area saw a significant increase, reaching 147,600 vehicles, up by 18.35 percent compared to the same period last year.

According to the committee, it aims to establish a business environment emphasizing cost-effectiveness, top-notch services and ample market opportunities, all contributing to the port's sustained high-quality development.

The Suzhou government recently formed an interdisciplinary task force to address challenges faced by foreign trade enterprises.

The city intends to introduce financial policies to boost funding for businesses and reduce operational costs by lowering loan interest rates and water, electricity and gas prices.

Suzhou is an economic hub city in the Yangtze River Delta.