China (Shaanxi) Pilot Free Trade Zone

Founded on Aug 31, 2016, China (Shaanxi) Pilot Free Trade Zone is the only pilot free trade zone in Northwest China.

Scope of Implementation

It covers a total area of 119.95 square kilometers, including the 87.76-sq-km core area, the 26.43-sq-km Xi'an International Trade and Logistics Park, and a 5.76-sq-km area of the Yangling Agricultural Hi-tech Industries Demonstration Zone.

The core area covers the Shaanxi Xi'an Export Processing Zone, the Xi'an High-tech Comprehensive Bonded Zone, the Shaanxi Xixian Bonded Logistics Center, parts of the Xi'an Hi-tech Industries Development Zone and the Xi'an Economic and Technological Development Zone.

Division of functions

Yangling Area is the only free trade zone in China with a special focus on agricultural development. It is designed to be a center for Belt and Road international cooperation in modern agriculture and a world-famous city of agricultural technology innovation. It focuses on the innovation, demonstration and promotion of agricultural technologies and aims to strengthen international agricultural cooperation and exchanges and facilitate trade in this field.

Xi'an International Trade and Logistics Park is an international inland free port, focusing on the development of international trade, modern logistics, port industry, financial industry, e-commerce, cultural and sports industries.

Xixian New Area focuses on developing modern service industries such as aviation logistics, aviation maintenance, health care, cultural tourism, financial trade, and headquarters economy.

Advantages

Shaanxi FTZ has adopted several new policies to promote efficiency. Applications for industrial and commercial business licenses can be handled online, and the time of registration of enterprises in the trade area has been reduced from 15 days to less than three. By September 8, 5,219 companies had been founded in Shaanxi FTZ with 169.30 billion yuan of investment. Shaanxi FTZ has also streamlined the process of customs clearance which reduces the time required by 70 percent.

Shaanxi's third advantage is that it has plenty of professional scientific and technological talents, about 1.1 million. It also has 885 scientific research institutions, 33 military engineering research institutes, and 334,400 patents. The index of scientific and technological progress of Shaanxi ranks seventh in China.