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The 7th Anniversary of Guangdong Free Trade Zone: A Highland of Institutional Innovation for Opening

2022-09-16 15:286600

This year marks the seventh anniversary of the opening of Guangdong Pilot Free Trade Zone. Over the past seven years, Guangdong has kept in mind the instructions of the General Secretary, insisted on "bold trial", "bold innovation", and "independent reform", insisted on high-level opening, high standard construction, and high-quality development. Through continuous institutional innovation and continuous business environment building, a number of characteristic industries have gathered here, and the global resource allocation capacity has been continuously enhanced It has provided the country with a number of replicable reform and innovation experiences, giving full play to the important role of comprehensively deepening reform and expanding open pilot fields.


This is the first national key laboratory for wine testing in Qianhai, Shenzhen. At present, the laboratory has more than 300 inspection capacities, with a total of 255 million alcohol samples inspected, and the time limit for customs clearance has been increased by more than 20%.


In order to build a pilot platform for comprehensively deepening reform and innovation, and build a high-level portal hub for opening up to the outside world, Qianhai Shekou Free Trade Zone has launched 685 system innovation achievements. More than 80 billion yuan of goods are gathered from the world to Qianhai Comprehensive Bonded Zone, and then distributed to all parts of the world. Qianhai Shekou District, which is bold in trial, innovation and independent reform, will usher in greater new opportunities for development.


Over the past seven years, the FTZ has promoted not only the vertical growth of trade volume, but also the horizontal expansion of trade. In the Dawan District International Art Bonded Industrial Center in Nansha, Guangzhou, Yang Mei is routinely checking the insurance warehouse. She originally started her business in Hong Kong. After learning about the art bonded policy of the Nansha Free Trade Zone, she resolutely made the decision to take root in Nansha.


In recent years, Nansha has made full use of the policy advantages of the Free Trade Zone to realize the system innovation of the first art bonded exhibition project in Guangdong Free Trade Zone and the extension period of the first national bonded art zone. According to statistics, the import and export value of cultural products in Nansha Comprehensive Bonded Zone will exceed 2.4 billion yuan in 2021, an increase of 92% year on year.


Over the past seven years, Guangdong Pilot Free Trade Zone has actively promoted the convergence with the registration rules of Hong Kong and Macao market entities, and established a highly convenient market access system.  Recently, Zhuhai Hengqin launched a cross-border general business registration service. Macao entrepreneurs can complete Hengqin's business registration in Macao without going back. Zheng Yiwei, a young man from Macao, is introducing the positive measures taken by Hengqin to his friends. He hopes to attract more entrepreneurs from Macao to take root in Hengqin.


Over the past seven years, Hengqin Free Trade Zone has launched 622 reform and innovation measures to expand opening up and stimulate industrial momentum with a good business environment. With the release of the Overall Plan for the Construction of Hengqin Guangdong Macao Deep Cooperation Zone, the construction of the free trade zone and the cooperation zone has been promoted simultaneously, creating better space for the moderate and diversified development of Macao's economy.


According to the statistics of Guangdong Provincial Department of Commerce, by the end of 2021, Guangdong Pilot Free Trade Zone has accumulated 584 system innovation achievements, copied and promoted 146 reform and innovation experiences in relevant areas of the province, and released 245 system innovation cases, including 41 national initiatives and 7 national best practice cases.


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