The United Nations Conference on Trade and Development recently released a report titled "The Role of China's Pilot Free Trade Zones in Promoting Institutional Innovation, Industrial Transformation, and South-South Cooperation". The report affirms the achievements of China's ten-year construction of pilot free trade zones and points out that the pilot free trade zones are a unique initiative in China, deepening China's reform and opening up. The "Investment China Year" Pilot Free Trade Zone Investment Promotion Event hosted by the Ministry of Commerce was held in Shanghai on the 6th. The Director of the Globalization and Development Strategy Division of the United Nations Conference on Trade and Development, Ko Ruizhi, announced the release of the above-mentioned report during the event. This is the first time an international organization has released a special research report on China's pilot free trade zone. The report points out that the China Pilot Free Trade Zone focuses on institutional innovation, adheres to the principle of aligning with the highest international standards and emphasizing replicable reforms, adheres to adapting to local conditions and highlighting local characteristics, adopts a phased and gradual approach, improves investment and trade facilitation, promotes innovation and technological development, and expands the opening up of key areas such as the service industry and digital industry to the outside world, achieving positive results. The pilot free trade zone has effectively promoted the improvement of government services and the optimization of the business environment, promoted industrial transformation and upgrading, and promoted the growth of foreign investment. Xerox Wen, CEO of the German chemical company Kostron Group, who participated in the event, said that the free trade pilot zone has provided impetus for Kostron's development, and its policy dividends of attracting and retaining talents are crucial for Kostron's innovation and development in China. China has become an important base for enterprises to develop in a wider range of global fields. Vice Minister of Commerce Guo Tingting stated that the free trade pilot zone will align with international economic and trade rules with high standards, deepen institutional openness, strengthen overall reform planning and system integration, promote innovative development of the entire industrial chain, and better play a demonstration role. We sincerely welcome investors from all over the world to invest and start business in China from the pilot trade zone, share the historical opportunities and dividends of Chinese path to modernization, and achieve win-win development. (New News Agency)