China(Guangdong)Pilot Free Trade Zone,GDFTZ,was formally approved by the State Council and established on 31 December,2014.
Scope of Implementation
The scope of implementation for GDFTZ is set at 116.2 km² and covers three areas: Nansha Area of Guangzhou, a 60 km² district (incorporates 7.06 km² of Guangzhou's Nansha Bonded Port Area); Qianhai & Shekou Area of Shenzhen,a 28.2 km² district (incorporates 3.71 km² of Shenzhen's Qianhai Bay Bonded Port Area), and Hengqin Area of Zhuhai, a 28 km² district.
Strategic Positioning
Depend on Hong Kong and Macao, serve the mainland and face the world, GDFTZ is to become a pilot area for next round of economic reforms nationwide, a crucial hub of 21st century's maritime silk road and an demonstrarive area for deep collaboration between Guangdong, Hong Kong and Macao.
Development Targets
Through three to five years of experimental reforms, to cultivate a legal, market-oriented and internationalized business environment, establish a new open economic system, realize deep economic cooperation between Guangdong, Hong Kong and Macau, form a new competitive edge in international economic cooperation, strive to be a pilot free trade zone with legal environment norms in line with high international standards, investment and trade facilitation, exceptional driving force in the area as well as safe and highly efficient regulation.
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