China (Chongqing) Pilot Free Trade Zone

Updated: June 15, 2023 Source:
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The China (Chongqing) Pilot Free Trade Zone (Chongqing FTZ or CFTZ) is a regional free trade zone set up by the Chinese government. It covers an area of 119.98 km², containing three parts -- Liangjiang New Area, Xiyong Area, and Guoyuangang Area. CFTZ was approved to establish by the State Council on March 15, 2017. The State Council issued the Master Plan for China (Chongqing) Pilot Free Trade Zone on March 15, 2017. Chongqing FTZ was officially established on April 1, 2017.

Strategic Orientation of Chongqing FTZ

Chongqing FTZ aims to encourage system innovation, and its basic requirements are to make the relevant innovated policies replicable and promotional. It supports Chongqing to be the strategic fulcrum and connection in western China under the plan created by the Central Committee of the Communist Party of China and the State Council. Chongqing is making significant efforts to build Chongqing FTZ as the geographical hub of the Belt and Road Initiative and Yangtze River Economic Belt, as well as the essential pivot of Western China Development Strategy.

Development Target

After three to five years of reform and exploration, Chongqing strives to build a high-level and high-standard free trade zone with convenient investment and trade, high-end industrial gathering, efficient and timely supervision, complete financial services, standard law environment, outstanding effect of radiation, building an international logistics hubs and port highlands to serve the Belt and Road Initiative and the Yangtze River Economic Belt, promoting the construction of a new pattern of all-round opening in the western region, and driving the implementation of Western Development strategy.

Major Tasks

• Building a legalized, international and convenient investment environment

• Expanding the open-up investment areas

• Promote trade transformation and upgrading

• Deepen the open-up and innovation in the financial sector

• Promote the joint development of the Belt and Road Initiative and the Yangtze River Economic Belt

• Promote the coordinated development of the Yangtze River Economic Belt and Chengdu-Chongqing City Cluster

Editor: Niu Huizhe