China (Chongqing) Pilot Free Trade Zone

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Officially launched on April 1, 2017, the Chongqing Pilot Free Trade Zone (FTZ) covers an area of 119.98 square kilometers. It consists of three sub-zones: the Liangjiang Area (core area, or Liangjiang New Area), the Xiyong Area, and the Guoyuan Port Area.Liangjiang Area focuses on high-end industries and factors, mainly developing high-end equipment, core electronic components, cloud computing, biomedicine and other emerging industries, headquarters trade, service trade, e-commerce, logistics and distribution, professional services, financing and leasing, R&D and design, and other modern services industries. The area strives to promote opening-up and innovation of the financial industry and enhance the clustering capacity of resources including logistics, technology, capital and talents.Xiyong Area concentrates on building a processing trade demonstration area and developing manufacturing industries including electronic information, intelligent equipment and productive service industries such as bonded logistics transfer and allocation to optimize the processing trade mode.Guoyuan Port Area strives to establish a multi-model transport and logistics transfer center, focusing on services like international transfer as well as unitizing and allocating, and exploring the growth of innovation-driven manufacturing industry.Chongqing FTZ has four distinct advantages. First, Chongqing has gigantic opportunities in western development. With the aim of implementing China's western development strategy, Chongqing is fully committed to establishing itself as a modern metropolis covering an area of 1,000 square kilometers with a population of 10 million, more than half of which will reside in the FTZ. The second advantage is that Liangjiang New Area focuses on domestic consumption in its plans for development. Apart from current policies in the Pudong coast and the right to pilot implementation, projects invested in Liangjiang will also benefit from another five major inland policies.Third, compared with coastal open cities, the elemental costs in Chongqing are lower, especially in construction, production and logistics. Moreover, the tax costs are also lower, because of various preferential policies.Fourth, the two processing trade modes developed by Liangjiang New Area, "one end in and one end out" as well as "both ends in," elevate the utilization of foreign capital.

China (Chongqing) Pilot Free Trade Zone

中国（重庆）自由贸易试验区

Officially launched on April 1, 2017, the Chongqing Pilot Free Trade Zone (FTZ) covers an area of 119.98 square kilometers. It consists of three sub-zones: the Liangjiang Area (core area, or Liangjiang New Area), the Xiyong Area, and the Guoyuan Port Area.