BEIJING, May 31 (Xinhua) - Xiamen Area of China (Fujian) Pilot Free Trade Zone released 132 measures to echo the State Council’s call for deepening reform and opening-up of FTZs in three coastal areas, Guangdong, Fujian and Tianjin, reported Fujian Daily Thursday.
Earlier on May 24, China published plans to further the three FTZs’ opening-up reform focusing on high-quality development, supply-side structure reform, institutional innovation and risk prevention.
Under such circumstances, Xiamen Area of the Fujian FTZ unveiled the 132 measures centering upon the facilitation of investment, trade and personnel flow, promoting financial, fiscal and tax system opening-up and innovation, deepening economic and trade cooperation with Taiwan and countries and regions alongside the 21st Century Maritime Silk Road, improving modern government governance, and optimizing guarantee mechanisms.
Among the 132 measures, 28 are tailored for investment, trade and personnel flow facilitation, including measures made in accordance with relevant standards in the Trade Facilitation Agreement of WTO and the cargo supervision system of other international trade agreement to greatly loosen limits on market access and widen opening-up of service sector.
For financial, fiscal and tax system opening-up and innovation, there are 16 measures contained, including learning from Shanghai FTZ’s practices in materializing financial reform and establish an opening-up and innovation system for local financial industry suitable for the Xiamen Area. Meanwhile, efforts will be poured into pushing for rollout of tax reduction and exemption policies for aviation amendment and maintenance industry and tax rate cut policies for aviation materials sector.
There are also over a third of 45 measures drafted for deepening economic and trade cooperation with Taiwan and countries and regions alongside the 21st Century Maritime Silk Road.
In the following 2-3 years, Xiamen Area will actively push for materialization of the 132 measures. (Contributed by Duan Jing, duanjing@xinhua.org; edited by Zhang Aifang)
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