Shanghai Free trade port trade restrictions will be tied to the program has been

Several reporters from Economic Information Daily recently interviewed front-line builders and experts and scholars involved in the pilot free trade zone in Shanghai and learned that Shanghai has submitted the proposal of building a free trade port to the relevant state ministries for comments. Compared with the FTZ, the free trade port is expected to make new breakthroughs in the first-line (border) liberalization and will eliminate or minimize the trade control measures for incoming goods. It is expected that the free trade port will be subject to customs clearance, tax exemption and re-export trade Unrestricted. In addition, the international financial leasing and other offshore industries will also become a major bright spot in Shanghai Free Trade Port.

"Give more freedom to reform the free trade pilot zone autonomy and explore the building of a free trade port", the report of the 19th National Congress caused a heated debate. It is understood that at present, Shanghai, Zhejiang, Fujian, Guangdong and many other places are in the process of establishing or exploring free trade ports. From the progress of view, Shanghai is undoubtedly walking in front. Recently, the Ministry of Commerce said that it will work with Shanghai Municipality and relevant departments to study and formulate plans for the establishment of a free trade port.

"At present, Shanghai has submitted the plan of building a free trade port to the relevant state ministries for comments. Next Pudong will work with the relevant departments to do a good job in the construction of a regional seine and regulatory platform to prepare for the official launch." Recently , Pudong New Area Mayor, Shanghai Free Trade Zone Administrative Committee, Hang Yingwei, deputy director of Pudong New Area CPPCC informed briefing.

It is reported that as the first free trade zone in China, the construction of a free trade port is regarded as an important breakthrough in the 3.0 version of Shanghai Free Trade Zone.

According to the "Comprehensively Deepening the Reform and Opening-up Plan of the China (Shanghai) Pilot Free Trade Zone" announced in March this year, Shanghai will set up a "Free Trade Port Area" within the customs supervised areas such as Yangshan Free Trade Port Zone and Shanghai Pudong Airport Bonded Zone, .

 

ZENEO bearings

 

 

 

 

Inquiry

©Hong Kong ZENEO bearings limited

ADD:
ROOM 1611B, 16/F, HO KING COMMERCIAL CENTER , 2-16 FA YUEN STREET,MONGKOK,KOWLOON, HONGKONG