Guangxi FTZ to boost opening-up in border areas
Guangxi Zhuang autonomous region has received approval to establish one of the six new pilot free trade zones (FTZs) in China to take opening up in border areas to higher level, according to a master plan announced by the State Council on Aug 26.
The plan clarifies that the new Guangxi FTZ aims to make full use of the unique advantages of Guangxi and ASEAN countries, contribute to the construction of the New International Land-Sea Trade Corridor in West China, as well as form an important gateway to the link between the Maritime Silk Road and the Silk Road Economic Belt.
Pingxiang Integrated Free Trade Zone in Chongzuo, Guangxi Zhuang autonomous region. [Photo/gxnews.com.cn]
The plan also proposed 16 major tasks and measures, such as building a world-class business environment, improving the level of trade facilitation, building a financial gateway for ASEAN, strengthening scientific and technological innovation, as well as building a gateway to the western Land-Sea Trade Corridor.