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ARTICLE · 24 JULY 2017

China's Free Trade Zones – Overview Of 2017 Developments

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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For more than thirty years, China has facilitated economic growth by attracting foreign investment through Special Economic Zones ("SEZ").

ChinaGovernment, Public Sector

For more than thirty years, China has facilitated economic growth by attracting foreign investment through Special Economic Zones ("SEZ"). As part of these efforts, in 2013 China's first Free Trade Zone ("FTZ") was established in Shanghai, which was followed in 2015 by three additional FTZs in Guangdong, Fujian and Tianjin. Companies registered in FTZs are subject to a less stringent regulatory framework than in other parts of China. Benefits include fewer restrictions on customs procedures and business registration, expedited approval of foreign investment, more lenient trade regulation and a significant discount on import/export taxes. Each FTZ also has a specific industry and development focus, supported by additional corresponding regulatory policies.

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