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General Administration of Suez Canal Economic Zone and various representatives visited Yuet Bay

June 30, 2023

Recently, a delegation led by the General Administration of the Suez Canal Economic Zone, the Egyptian Embassy in China, the Foreign Affairs Office of Guangdong Province, and China Africa Teda Investment Holding Co., Ltd. came to the Cross border trade comprehensive service base which is operating by Yuet Bay(Guangdong) Vehicle Supply Chain Co.,Ltd to discuss the idea of cooperation in auto related business in Egypt based on the platform of the China-Egypt TEDA Suez Economic and Trade Cooperation Zone.

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The platform of China-Egypt TEDA Suez Economic and Trade Cooperation Zone

This platform is a national level overseas economic and trade cooperation zone approved by the Ministry of Commerce. It is also a major project that connects the development strategies of China's "The Belt and Road initiative" and Egypt's Suez Canal corridor development strategy. At present, the cooperation zone is committed to building an Egyptian cross-border commodity distribution center (overseas warehouse) and an international second-hand car and parts distribution center.

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The parallel export

In recent years, the second-hand car market has become a popular industry in China. The parallel export of automobiles has also emerged, which has led many companies to actively explore domestic and foreign markets.

Yuet Bay‘s Cross border Trade Comprehensive Service Base is a pioneer in China's automobile "parallel import and export" business. Yuet Bay has the convenient advantage of domestic vehicle ports and can provide overseas customers with one-stop full process services for automobile export, including vehicle source procurement, license plate registration, export agency, customs declaration, logistics, tax refund, and overseas warehouse delivery. Yuet Bay will provide customized services and professional advice to customers based on their different needs, helping them better grasp market opportunities.