Guangdong Pilot Free Trade Zone (1): Official launch and overall plan’s observations
On 21 April 2015, China (Guangdong) Pilot Free Trade Zone (“Guangdong PFTZ”), along with China (Tianjin) Pilot Free Trade Zone (“Tianjin PFTZ”) and China (Fujian) Pilot Free Trade Zone (“Fujian PFTZ”) was officially launched. The day before the launch, the State Council released the overall plan of the three PFTZs, the deepening reform plan of Shanghai PFTZ and the special administrative measures for foreign investments (2015 Negative list) which is applicable to all the four PFTZs.
The overall plan and the deepening reform plan provide the basic framework on the strategic positioning, development objectives, primary mission and measures of the four PFTZs. The four PFTZs are on par in the degree of openness, whereas their development objectives are diverse. Looking at the overall plan of the Guangdong PFTZ, by leveraging on the successful experience of the Shanghai PFTZ, it has its own unique position in promoting the deeper cooperation between Guangdong and Hong Kong as well as Macao, becoming a key hub of the 21st-Century Maritime Silk Road and the pioneer in the new round of reform and opening-up.
In this issue of News Flash, we will share with you the basic information about the Guangdong PFTZ and highlights of the overall plan, analyse the investment opportunities under the 2015 Negative List and CEPA and development trend of the Guangdong PFTZ.
Other issues of China Tax/Business News Flash Visit our Tax Library.