On September 29, 2013, the first free trade area within the territory of China, is the domestic first in accordance with international practice under special customs surveillance zone, free trade area of Shanghai was founded in Shanghai waigaoqiao free trade zone. This is 16th in China free trade zone, the other 15 are outside the free trade area.
free trade area generally have preferential policies are: establish a free trade area of the member countries to abolish the tax revenue and the number of restrictions, free flow of goods can do not need to pay the import and export tax, does not limit the number of import and export. Of course this is only for internal member states, for other trading countries, still according to the general rules of the import and export trade.
enter the free trade area can enjoy preferential, nature is very strict in terms of audit. At present into are financial institutions, mostly state-owned Banks, are approved by the CBRC audit, to ensure that the area of trade and investment convenience and guard against financial risks.
before the sea is expected to become a free trade zone in the second.
