O. Free Trade Ares (FTAS)

since 1990, PRC has established the following 14 FTAs for the purpose of export processing:

Dalian, Futian (Shenzhen), Fuzhou, Guangzhou, Hainan, Ningbo, Qingdao, Shantou, Shatoujiao (Shenzhen), Xiamen,Waigaoqiao (Shanghai), Zhangjiagang, and Zhuhai.

Enterprises operating in FTAs are entitled to have extensive autonomy in areas of management, operations, importing, and exporting. In addition, following items are exempt from import and export licenses, duties, and the VAT and Commercial Taxes.

1. Machines, equipment, materials and supplies imported for the construction of infrastructures within FTAS;

2. Raw materials, components and packaging materials imported for the production of goods to be exported,

3. Trans-shipping goods stored in FTAS.

Shanghai is the largest commercial city in China and has the largest population (13.5 million people). In addition, Shanghai is currently home to PRC s largest stock market. With a population close to 1.5 million people, the Pudong New District is a triangle-shaped, 200 square miles area located on the eastern bank of the Huangpu River. The Pudong New District is designedd to help promote Shanghai into an international trade and finance center.

Enterprises in the Pudong New District may enjoy most of the preferentaii benefits offered in the SEZS. In addition, they are entitled to open such establishments including financial institutions, department stores, supermarkets, insurance companies, and other service enterprises.

For more information, contact:

Shanghai Foreign Economic Relations and Trade Commission 
55 Lou Shan Guan Road Shanghai, 200335 PRC 
Tel- (2l)-275-220 
Fax- (2l)-275-1778

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