Guangzhou Airport Bonded Logistics Center is the first airport-type bonded logistics center approved in Guangdong Province, and the only area where Guangzhou Baiyun International Airport operates bonded logistics business. The center is a key project of Guangzhou's 11th Five-Year Plan, which was declared by Guangzhou Baiyun International Logistics Company of China Southern Airlines. At present, the total investment exceeds 800 million yuan. After the center is put into use, it will further promote the development of bonded logistics business from simple warehousing and transportation to high-end directions such as "supplier inventory management" and value-added processing and distribution, and will become a new bright spot for Guangzhou's opening up and export-oriented economic development. It was established on February 26th, 2008 with the approval of China General Administration of Customs, Ministry of Finance, People's Republic of China (PRC) State Taxation Administration of The People's Republic of China and State Administration of Foreign Exchange. The center is located at the northern end of Guangzhou New Baiyun International Airport, with a total land area of nearly 300,000 square meters and a planned storage area of 1 1 10,000 square meters.