Fujian Pilot Free Trade Zone (1): Official launch and release of the overall plan
On 20 April 2015, the State Council officially announced the <Overall Plan of China (Fujian) Pilot Free Trade Zone (Fujian PFTZ) > (Overall Plan). On the same day, the State Council also released the Overall Plan of Guangdong PFTZ, the Overall Plan of Tianjin PFTZ, the deepening reform plan of Shanghai PFTZ and the administrative measures of special treatment (2015 Negative List) on foreign investments which is applicable to all four PFTZs. Fujian PFTZ was officially launched on the day after the release of the Overall Plan.
By virtue of the advantageous geographical location of being on the coast across the strait from Taiwan, as well as the starting point of the 21st-Century Maritime Silk Road (Maritime Silk Road), Fujian PFTZ strategically aims at being the demonstration zone for the deepening cross-strait economic cooperation and the core area for the development of the Maritime Silk Road. The Overall Plan of the Fujian PFTZ has distinctive features which set out clear objectives as well as regional characteristics. In this issue of News Flash, we will share the basic information of the Fujian PFTZ, highlights in the Overall Plan and our suggestions for investments in the Fujian PFTZ.
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