The first batch of first-line brand luxury goods jointly purchased by Hubei Region International Trade Service Co, Ltd. and Hubei Huicai Fashion Trade Company, which are registered in Yichang FTA (Free Trade Area), have arrived. They are in Yichang Three Gorges Bonded Logistics Center where the physical stores for these traceable imported goods with competitive price will be set up.
The company will set up a logistics distribution center at Three Gorges Bonded Logistics Center for wholesaling luxury products nationwide, according to Chen Guanzhou, the chairman of Hubei Huicai Fashion Trade Company. Meanwhile, the southwest branch office of it has operated the wholesale and retail of international brands in Yunnan, Guizhou, Sichuan and other cities. In addition, Hubei Region International Trade Service Co, Ltd. plans to establish a bonded commodity exhibition and transaction center in Yichang FTA. With that, Yichang citizens can shop for international brands, like GUCCI, PRADA, Burberry, and FENDI at their “Doorway” instead of traveling to Hong Kong or Europe and America.
The Ministry of Finance has lowered some import tariffs on consumer goods recently, and from December 1st, citizens will enjoy more favorable prices on luxury goods at home.