GUANGDONG province, in which Hong Kong would be included if it were not for other arrangements, will become a free trade zone on Wednesday March 18, according to a provincial trade association, Reuters reports.
Beijing has announced it would set up three new trade zones: In Guangdong and in the neighbouring coastal province of Fujian, centred on the Port of Xiamen and yet another farther up the coast in Tianjin, the seaport closest to the national capital.
The Guangdong opening comes less than two years after its Shanghai FTZ will be opened in light of the experience in Shanghai, said the Shenzhen Cross-Border E-Commerce Association.
Hu Chunhua, Guangdong Communist Party chief and provincial governor Zhu Xiaodan, would attend the launch ceremony, said the trade group's blog.
The pilot FTZs, part of wider financial reforms such as moving to a fully convertible yuan currency, are seen as an important step towards developing a more open economy, said Reuters.
WORLD SHIPPING
12 March 2015 - 21:38
Guangdong to open free trade zone next week: Shenzhen trade group
GUANGDONG province, in which Hong Kong would be included if it were not for other arrangements, will become a free trade zone on Wednesday March 18, according to a provincial trade association
WORLD SHIPPING
12 March 2015 - 21:38
Guangdong to open free trade zone next week: Shenzhen trade group
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