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The Waigaoqiao Free Trade Zone (FTZ) has promoted China's international trade development

2023-05-29

The Waigaoqiao Free Trade Zone (FTZ) has promoted China's international trade development! The Waigaoqiao Free Trade Zone (FTZ) was established in 2013 and is one of the most open and effective free trade pilot zones in China. FTZ is located in Shanghai Waigaoqiao Free Trade Zone, covering an area of 29.78 square kilometers, which is another bold attempt and innovation in China's 40 years of reform and opening up.

The establishment of FTZ has greatly promoted China's international trade development. On the one hand, by establishing a free trade pilot zone, FTZ has strengthened policy incentives for foreign investment, and the driving role of foreign trade has become increasingly prominent. Since the establishment of FTZ, many well-known foreign companies have entered, including Coca Cola, BMW, Nike, and others. On the other hand, FTZ has also promoted the development of logistics and finance fields. Its powerful bonded and bonded processing advantages have reduced the international trade import and export costs of enterprises and greatly improved import and export efficiency. The reform and innovation of the financial system have added infinite possibilities for the development of international trade enterprises.

In short, FTZ has received high attention and recognition both domestically and internationally, and its establishment and development have laid a solid foundation for China's international trade development. In the future, we look forward to FTZ continuing to grow and make new contributions to the high-quality development of China's economy.


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