The bonded area is under special supervision of the customs, and goods must be registered with the customs before entering the area. There are different tax restrictions on the movement of goods in and out of the bonded area, overseas or within the region;

Free trade zone is a duty-free zone outside the jurisdiction of customs and without trade restrictions.

Second, the storage time is different.

Goods are stored in the bonded area for a period of time, usually 2-5 years;

In the free trade zone, the storage period of goods is not limited.

Third, the goods are managed in different ways.

Because the goods in the bonded area are not taxed for the time being, the goods are managed by account books;

In the free trade zone, the smooth flow of goods is the basic condition, and most free trade zones adopt the gate management mode, which simplifies the operation procedures and reduces the transaction costs.

Fourth, the functions are different.

At present, many bonded areas have a single function, mainly playing the role of transit warehousing, with limited driving effect on the surrounding economy;

Free trade zone is generally a logistics distribution center, with a large number of imports and exports and relatively developed processing trade, which has a strong radiation effect on surrounding areas and can promote the development of regional economy.

Extended data:

With the development of time, the development of free trade zone gradually presents the following characteristics:

1, the number is increasing.

The most typical is the rapid growth of American foreign trade zone.

2. The function tends to be comprehensive

With the increasing number of free trade zones, the functions of free trade zones are also expanding.

3. Management has been continuously strengthened.

Free trade zones in different countries have different conditions, different functions and different management levels, but after decades of competition and development, the management of free trade zones in various countries has gradually become standardized.

Baidu encyclopedia-free trade zone

Baidu encyclopedia-bonded area