Free Trade Zones

Guangdong announces GDFTZ coordinated development zones in 13 cities

*By NewsGD

Guangdong plans to establish Guangdong Free Trade Zone Coordinated Development Zones (GDFTZ) in 13 cities, Zhang Jinsong, director general of the Guangdong Department of Commerce, announced on June 28. The 13 cities are Guangzhou, Shenzhen, Zhuhai, Shantou, Foshan, Shaoguan, Huizhou, Shanwei, Dongguan, Zhongshan, Yangjiang, Zhanjiang, and Maoming.

Through “coordinated experiences, collaborative innovation and resource sharing” with GDFTZ, Guangdong can inject new vitality into local development, expand new space for GDFTZ reform and innovation, as well as explore new avenues for the coordinated regional development of Guangdong. .

According to Zhang, the innovative experiments that proved effective in the GDFTZ will be implemented in the coordinated development zone. The Coordinated Development Zones will partner with three GDFTZ zones and explore new and innovative measures to facilitate trade and investment.

Zhang said the Coordinated Development Zones will also explore industrial cooperation with three areas of GDFTZ in specific key industries and entire industrial chains.

In addition, new pilot measures will be simultaneously implemented in the GDFTZ and the Coordinated Development Zones.

Since its inception in 2015, GDFTZ has made remarkable achievements in leading high-quality development through institutional innovation. GDFTZ has achieved annual tax revenue of more than 100 billion yuan, foreign trade volume close to 2 trillion yuan, and actual utilization of foreign investment exceeding 55 billion yuan.

The plans of the 13 ZACs are as follows: