What are the benefits of the establishment of the Free Trade Zone for cities and residents? What impact does it have on people's lives?

First, let's understand what a free trade zone is.

The free trade pilot zone refers to a trade arrangement that is more preferential than the relevant provisions of the WTO in terms of trade and investment. Outside the customs territory of a sovereign country or region, a specific area is designated to allow foreign goods to enter and leave freely without customs duties.

For example, in 2019, China (Guangxi) Pilot Free Trade Zone was officially established. The unveiling ceremony was solemnly held in China Malaysia Plaza, China Malaysia Qinzhou Industrial Park. The Guangxi Free Trade Zone covers an area of 119.99 square kilometers, of which the Qinzhou Port Area covers 58.19 square kilometers, accounting for 48.5% of the total. It is positioned as a new gateway port for international land and sea trade and a coastal economic cluster.

The China Malaysia Qinzhou Industrial Park, located in the Qinzhou Port Area, has a total area of 16.05 square kilometers included in the Guangxi Free Trade Zone. It is located in the core area of the Free Trade Zone and enjoys the dividends of the Free Trade Zone! So what benefits can people living and developing here enjoy?

1. Daily life is "cabbage price"

As there is no need to pay taxes, the price of imported goods is 10% - 30% cheaper than the market. The "cabbage price" of imported food, cosmetics, and daily necessities can be seen and bought in person. There is no need to go abroad to buy them, no need to purchase them online. It is cheaper and more reliable!

2. Buy imported cars at home

The Free Trade Zone allows importers to import directly from the origin of cars. Buying the same imported cars from the Free Trade Zone will be 15% - 30% cheaper than 4S stores, which is a benefit for all car lovers and car buyers.

3. Outbound travel is faster, more convenient and cheaper

Foreign travel agencies can enjoy tax incentives in the Free Trade Zone when they settle in the Zone. Moreover, it is more convenient for foreign travel agencies to obtain outbound travel qualifications. They have advantages in network, management, brand and capital. The products they launch are more affordable and the travel routes for people to choose are more abundant.

4. Do not go out to experience the international medical services of foreign hospitals

With the establishment of the Free Trade Zone, the threshold for foreign hospitals to enter the medical service field has been greatly reduced. Due to the preferential tax policy of the Free Trade Zone, the cost of introducing high-end equipment in hospitals will also be greatly reduced. People can enjoy better medical services for the same amount of money for internationally leading medical equipment.

5. The threshold for entrepreneurship is low, and there are many employment opportunities. It is expected to get "international wages"

Generally, it is reflected in simplified procedures, preferential import and export tax policies, and a number of financial policies. Therefore, college students and emerging Internet enterprises regard the Free Trade Zone as a hot spot for entrepreneurship. The establishment of the Free Trade Zone has attracted a large number of high-tech enterprises to settle in. As the Free Trade Zone is committed to creating an international, legalized and market-oriented business environment, there will inevitably be a large demand for high-level talents. Especially in the fields of finance, logistics and T, many university graduates and professionals will have the opportunity to get "international wages" far beyond the level of the same industry without going abroad.

6. Nationalization of investment and financing

Individuals can invest in Hong Kong stocks and US stocks through free trade accounts. Within the Free Trade Zone, individuals can open free trade accounts, and individuals outside the Zone can also open free trade accounts. As long as relevant supporting rules are issued, individuals can invest in overseas capital markets such as Hong Kong shares and US shares through free trade accounts. Ordinary people can also get more financial products that are in line with international standards, more overseas investment opportunities, and better investment and financial services.

7. Genuine international entertainment projects have been launched, and game consoles no longer play junk

The Free Trade Zone allows the establishment of foreign-funded entertainment venues and foreign-funded performance brokerage institutions. According to the regulations, the Free Trade Zone allows foreign trade enterprises to produce and sell game and entertainment equipment, which means that the huge domestic game and entertainment market is gradually opening up, and more overseas game products can enter tens of thousands of domestic households through formal channels, which is a dividend for tens of millions of game fans and fans.