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EXTERNAL NEWS

Shandong Free Trade Area Network’s Qingdao FTA Is Being Launched: Clearly Define Its Four Missions And Five Things To Manage
02 Sep, 2019

The Shandong FTA Network covers 3 cities of the province: Jinan, Qingdao and Yantai; each of the three has its own characteristics. In the recently approved Overall Plan of China Pilot Free Trade Areas including (Shandong), (Jiangsu), (Guangxi), (Hebei), (Yunnan), and (Heilongjiang), the Qingdao FTA covers an area of 52 square kilometers, accounting for about 43.3% of Shandong FTA, and is the largest one among the three; it undertakes 106 pilot tasks of reform and innovation, accounting for 94.6% of all pilot tasks of the province. By taking the opportunity that the free trade area got approved, Qingdao will use its advantages as various economic functional zones designated by the country such as Qingdao West Coast New District, China-Shanghai Cooperation Organization’s Local Economic and Trade Cooperation Demonstration Zone, Qingdao Bonded Zone, Qingdao Economic and Technological Development Zone and Qingdao International Economic Cooperation Zone, to build itself into a pilot zone for deepening reform and opening up, a leading area for building a new platform for international cooperation under “the Belt & Road Initiative”, a pioneering zone for promoting high-quality development, and a demonstration zone for building a modern international metropolis.

Link: https://finance.sina.com.cn/roll/2019-09-02/doc-iicezueu2728104.shtml

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