CCTV news:On November 1, my country’s 22nd free trade pilot zone, the Xinjiang Pilot Free Trade Zone, was established, becoming my country’s first free trade pilot zone in the northwest border region.
The Xinjiang Pilot Free Trade Zone covers a total area of 179.66 square kilometers, including three areas: Urumqi, Kashgar, and Horgos. Among them, Urumqi area is 134.6 square kilometers, Kashgar area is 28.48 square kilometers, and Horgos area is 16.58 square kilometers. The newly established Xinjiang Pilot Free Trade Zone will further leverage Xinjiang’s location advantages of “five ports connecting eight countries and one road connecting Europe and Asia”, build a comprehensive logistics hub connecting Europe and Asia, and serve the construction of the core area of the “Belt and Road Initiative”.
In terms of promoting investment facilitation, the Xinjiang Pilot Free Trade Zone is encouraged to improve the foreign investment service guarantee mechanism and support qualified foreign-invested enterprises to enjoy equal access to industrial and regional development policies. Encourage the establishment of foreign-funded R&D centers in the Xinjiang Pilot Free Trade Zone and lower entry barriers in terms of R&D expenses, the number of full-time R&D personnel, and the purchase of equipment. In terms of enhancing financial service functions, support overseas financial institutions in establishing banking, insurance, securities and other financial institutions in the Xinjiang Pilot Free Trade Zone. Banking financial institutions are encouraged to increase their support for the infrastructure construction of the Xinjiang Pilot Free Trade Zone and provide a good “hardware” environment for foreign investment.
2023-11-02 03:48:17
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