The following are some basic information about Shanghai Free Trade Zone:
Geographical location: Shanghai Free Trade Zone covers part of Pudong New Area, including Waigaoqiao Bonded Zone, Waigaoqiao Bonded Logistics Park, Yangshan Bonded Port Area and Pudong Airport Comprehensive Bonded Zone.
Functional orientation: Shanghai Free Trade Zone takes institutional innovation as its core, aiming at creating an international, legal and market-oriented business environment and providing convenient services and support for domestic and foreign-funded enterprises. Focus on the development of international trade, financial services, shipping services, professional services, cultural creativity and advanced manufacturing.
Policy advantages: Shanghai Free Trade Zone enjoys many preferential policies, such as tariff preference, pre-entry national treatment, negative list management, financial opening and so on. These policies help to reduce the operating costs of enterprises, improve economic vitality and attract domestic and foreign investment.
Development achievements: Since the establishment of Shanghai Free Trade Zone, remarkable achievements have been made in the fields of investment, trade and finance. By the end of 2020, there were more than 60,000 newly established enterprises in Shanghai Free Trade Zone, attracting more than 654.38+04 billion US dollars of contracted foreign investment. The experience of reform and innovation in free trade zones has also been copied to other free trade zones and special economic zones in China.
The development of Shanghai Free Trade Zone not only has a positive impact on the economic development of Shanghai and the Yangtze River Delta region, but also provides valuable experience for China to deepen its reform and open wider to the outside world. In the future, the Shanghai Free Trade Zone will continue to play a leading role and make greater contributions to the high-quality economic development of China.