Shanghai pilot Free Trade Zone : shaping of China's future foreign investment environment
International Tax Journal
The official launch of China’s pilot Free Trade Zone (FTZ) in Shanghai on September 29, 2013, marked a significant milestone for the country’s economic reforms and its strategy of opening up its domestic markets for foreign investors. Th e FTZ is expected to liberalize trade and the provision of services and help to develop opportunities available to off shore companies. Th e main purposes of the FTZ are to:
improve the effi ciency and eff ectiveness of government functions;
open up the economy to new investment opportunities;
accelerate the development of trading;
widen the opening up of 18 service industries, and
align the existing legal framework with respective to foreign investments.
Widely perceived as a testing ground for the shaping of foreign investment landscape, the FTZ covers an area of 28 square kilometers in Shanghai and comprises four zones specially administered by customs authorities: the Waigaoqiao Free Trade Zone, Waigaoqiao Bonded Logistic Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone.
Copyright © 2014 G. LUI
Lui, G. (2014). Shanghai pilot Free Trade Zone: Shaping of China's future foreign investment environment. International Tax Journal, 40(4), 31-43.