Guangdong Free Trade Zone Promotion Strategy Action Plan Released

2024-01-22

The People's Government of Guangdong Province recently issued the "Action Plan for Enhancing the China (Guangdong) Pilot Free Trade Zone" (hereinafter referred to as the "Action Plan"), proposing to strive for a cumulative registered foreign investment enterprise of over 30000, a cumulative actual utilization of foreign investment of over 70 billion US dollars, and a total import and export volume of over 800 billion yuan by 2025. The Action Plan proposes to continuously deepen the reform of "One Port Connection in the Bay Area" and "Combined Ports in the Greater Bay Area", strive to expand the pilot coverage, and explore extending to ports in eastern and western Guangdong. Continuously promote the development performance evaluation of Nansha Comprehensive Bonded Zone and Qianhai Comprehensive Bonded Zone to reach Class A; Promote the joint construction of international freight centers at airports in Hengqin, Nansha, Qianhai, and the Guangdong Hong Kong Macao Greater Bay Area, and achieve one-stop customs supervision procedures for air cargo declaration, inspection, and release outside the airport. Optimize the functions and supporting policies of cruise homeports in Nansha and Shekou, and attract more international cruise companies to set up routes; Promote the construction of shipping infrastructure such as the fifth phase project of Nansha Port Area in Guangzhou Port and the international terminal. By 2025, we aim to achieve a container throughput of 37 million TEUs in the Guangdong Pilot Free Trade Zone and a port cargo throughput of over 550 million tons. The Action Plan also proposes to support the construction of bonded oil supply bases for international navigation vessels in Nansha and Qianhai, and strive for national permission for enterprises registered in the Guangdong Pilot Free Trade Zone, Guangzhou Nansha New Area, and Shenzhen Qianhai Shekou Area to carry out bonded low sulfur fuel oil blending and blending business. By 2025, strive for the international distribution and consolidation business of Guangdong Pilot Free Trade Zone to exceed 200 billion yuan. To establish a linked futures and spot market system, the Action Plan supports the construction of a commodity trading platform by the Qianhai Joint Trading Center, expands trading varieties, and strives for grain trading enterprises to participate in online spot trading relying on the Qianhai Joint Trading Center; Support the construction of a futures industry cluster in Nansha, and support enterprises to apply for the establishment of bulk commodity delivery warehouses (factory warehouses) and futures bonded delivery warehouses. (Lai Xin She)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:People's Daily

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