Guangdong speeds up provincial FTZ plan

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November 23, 2013

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Guangdong speeds up provincial FTZ plan

Source: Xinhua | November 23, 2013, Saturday |

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Guangdong Province has accelerated preparations for its own free trade zone and will apply to the central government for approval as soon as possible, Governor Zhu Xiaodan said yesterday.

Speaking ahead of an international conference on Guangdong’s economic development, Zhu said field surveys and feasibility studies for the proposed Guangdong-Hong Kong-Macau FTZ have been going on for more than half a year.

While consulting the central authorities, Guangdong has also exchanged opinions with the governments of Hong Kong and Macau, Zhu said.

Shanghai opened China’s first FTZ in late September. Many Chinese provinces now want their own FTZs.

The Guangdong-Hong Kong-Macau FTZ will help Guangdong remold the functions of its government and build a business environment that is based on the rule of law and conforms to international practices, Zhu said.

The proposed FTZ will also help expand cooperation between the three areas and further open up the Guangdong economy, he said.

Zhu said Guangdong has very high hopes of the FTZ, which is a national strategy approved by the just-ended Third Plenary Session of the 18th Communist Party of China Central Committee.

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Guangdong speeds up provincial FTZ plan

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