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State Council approves new pilot FTZs

2019-08-27 09:54:45 english.www.gov.cn

The State Council approved the establishment of six new pilot free trade zones in Shandong, Jiangsu, Hebei, Yunnan and Heilongjiang provinces and Guangxi Zhuang autonomous region, according to a circular issued on Aug 26.

According to the document, China (Shandong) Pilot Free Trade Zone covers three areas, including parts of Jinan, Qingdao, and Yantai, amounting to 119.98 square kilometers.

The China (Jiangsu) Pilot Free Trade Zone covers three areas in Nanjing, Suzhou, and Lianyungang, adding up to 119.97 square kilometers.

The China (Guangxi) Pilot Free Trade Zone, made up of parts of Nanning, Qinzhougang, and Chongzuo, totals up to 119.99 square kilometers.

The China (Hebei) Pilot Free Trade Zone covers areas in Xiong'an, Zhengding, Caofeidian, and the Daxing Airport, which aggregate 119.97 square kilometers.

The China (Yunnan) Pilot Free Trade Zone covers parts of Kunming, Honghe, and Dehong, which is 119.86 square kilometers.

The China (Heilongjiang) Pilot Free Trade Zone covers parts of Harbin, Heihe, and Suifenhe, coming to 119.85 square kilometers.

The Ministry of Commerce and the Ministry of Natural Resources will take care of the demarcation of the newly-added pilot free trade zones, before submitting them to the State Council for filing.

The scope of the implementation of the special customs regulation and preferential taxation policies remain applicable to the newly-added free trade zones.

In addition, the Ministry of Commerce, local governments of Shandong, Jiangsu, Guangxi, Hebei, Yunnan, and Heilongjiang, and  concerned departments should take good care of the implementation work of the overall scheme of the newly-added free trade zones.

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