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Zhejiang Free Trade Zone Ningbo Zone Construction Plan Released

The Ningbo Municipal Government recently released “The Construction Plan for the Pilot Free Trade Zone of the Ningbo Region of China (Zhejiang)”. According to the overall requirements and the functional positioning of the Ningbo area, it will accelerate the construction of the integrated development of the “core area, link area and radiation area”.

The Ningbo area has a core area of ​​46 km2, of which 20.4 km2 in Daxie, 7.8 km2 in Meishan and 17.8 km2 in the full bonded area. Daxie is a functional area for the entire oil and gas industry chain, new materials innovation and international shipping hub; Meishan is a functional area of ​​international supply chain innovation, creating an international supply chain innovation center with global influence; Comprehensive bonded zone is a new type of international trade and intelligence demonstration zone for the development of high-quality manufacturing industry.

According to the “Plan”, the strategic functional positioning of the Ningbo area is “a hub, three centers and a demonstration area”, namely an international shipping and logistics hub, an international oil resource allocation center and gas, an international supply Chain Innovation Center, a new global materials science and technology innovation center, a demonstration area for the development of high-quality global smart manufacturing. By 2025, an open institutional system compatible with a functional positioning and a first-rate national business environment will be formed. By 2035, a very open institutional system, regulatory model and business environment with Chinese characteristics will be formed in full compliance with international standards, and a higher level of investment and trade liberalization will be achieved, which will become a new summit for reform and to open into the new era.

The “Plan” essentially clarifies the spatial arrangement of the Ningbo area. In addition to the core area, the Zhejiang Free Trade Pilot Zone and Ningbo Linkage Innovation Zone approved by the provincial government cover an area of ​​119.87 square kilometers, of which 70.56 square kilometers are port area (covering Zhenhai, Beilun, Meishan, Daxie and related areas of the bonded area) and 8.71 square kilometers of sky area (covering Haishu and other related areas), 15 square kilometers of Yongjiang area (covering Zhenhai, Yinzhou and high-tech zones and other related zones) and 25.6 square kilometers of Qianwan Zone (covering the related zones of Qianwan New Zone).

In the future, the Linkage Innovation Zone will take the lead in copying and promoting the political system of the central domain, prioritizing the layout of large industrial projects and public service platforms, and in forming a model of synergy with complementary advantages, sharing of resources, exchange of policies and general arrangement with the core area.

In addition, the “radiation area” which undertakes the expansion of functions, project implementation and industrial radiation of the Ningbo region, includes the whole area of ​​Jiangbei, Fenghua, Yuyao, Cixi, Ninghai, Xiangshan and other districts and counties (cities), as well as other key areas and link areas in Ningbo administrative area to build an integrated and open development system in Ningbo.

Focused on the construction of the Ningbo Zone of the Zhejiang Free Trade Zone, the “Plan” also proposes seven major tasks such as the establishment of a free and convenient open institutional system, the construction of a hub. international transport and logistics, the construction of an international oil and gas resource. allocation center, and formulates 28 measures, including a financial management system that facilitates the collection and payment of funds and the promotion of the open development of the shipment management system

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Harry Qualls

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