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| What is the Free Trade Zone |
| Free Trade Zone was established with the approval by the State Council, the Customs supervision of the implementation of the special economic region, is currently the greatest degree of openness and freedom of economic region. Bonded with the import and export processing, international trade, bonded warehousing merchandise display and other functions, enjoy "free card, tax-free, bonded" policy, and implementation of "inside outside" mode of operation. At the same time, foreign trade, foreign exchange management and other departments outside the bonded area is also implemented in a relatively more preferential policies. Shanghai Waigaoqiao Free Trade Zone was established in June 1990, is China's first bonded. |
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| Shanghai Waigaoqiao Free Trade Zone |
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Shanghai is the world's largest cities, is one of China's leading economic, trade, finance and shipping center.
Waigaoqiao Free Trade Zone in Shanghai's northeast corner, is the only one in Shanghai, the eastern region's only a Free Trade Zone, is one of the earliest established throughout the country, the economy's largest Free Trade Zone. Waigaoqiao Free Trade Zone is a set of international trade, advanced manufacturing, modern logistics and bonded commodities trading and other economic functions displayed in one comprehensive Free Trade Zone.
Enterprises in the bonded areas in trade and import and export business more flexible and convenient. At the same time, in order to encourage investors to set up enterprises in the park and expand its business, Waigaoqiao Free Trade Zone has launched a series of preferential policies.
Waigaoqiao Free Trade Zone's sustained rapid economic growth in 2008, imports 46.8 billion U.S. dollars, accounting for 30% of Shanghai's total imports. Of foreign investment over the past 10 years of development, has played an important role in promoting, as of the end of 2008, the actual utilization of foreign investment of more than 5 billion U.S. dollars, the world's top 500 enterprises have settled in Free Trade Zone 111. |
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