About GDFTZ
The China (Guangdong) Pilot Free Trade Zone (GDFTZ), as a regional free trade zone set up by the Chinese government in Guangdong province, was formally approved for establishment by the State Council on December 31, 2014.
Scope of Implementation: The scope of implementation for GDFTZ is set at 116.2 km2 and covers three areas: Nansha Area of Guangzhou (60 km2, Qianhai & Shekou Area of Shenzhen (28.2 km2, and Hengqin Area of Zhuhai (28 km2£©.
Strategic Positioning: Capitalizing on the advantages provided by its favorable location adjacent to Hong Kong and Macao, GDFTZ is dedicated to serving the mainland while at the same time being oriented to the world. It is to become a demonstration area for in-depth collaboration between Guangdong, Hong Kong and Macao, a crucial hub along "the 21st Century Maritime Silk Road" and a pioneer for the next stage of national reform and opening up.
Development Goals: Through three to five years of experimental reforms, GDFTZ will build itself into a law-based, market-oriented and internationalized business environment, establish a new and open economic system, realize in-depth economic integration between Guangdong, Hong Kong and Macao, and form a new competitive edge in international economic cooperation. The FTZ will strive to meet international standards by building up a well-developed legal system, implementing convenient investment and trade procedures, representing a dynamic driving force in the area while ensuring safe and efficient regulation.
GDFTZ (Hengqin)
Regional Overview: GDFTZ (Hengqin), located in the south of Zhuhai, Guangdong, is only 34 sea miles from Hong Kong and separated from Macao by one river, with the closest place merely 187 meters away from Macao. GDFTZ (Hengqin) occupies an area of 28 km2, approximating the total planned land area for construction and development of Hengqin New Area by 2020.
Functional Orientation: GDFTZ (Hengqin) gives emphasis to a number of industries, including tourism and leisure, health, commercial and financial services, culture, science and education, and advanced technology. A pilot zone will be set aside to open up cultural and education services and an international commercial services and leisure tourism base, as well as to create a new carrier for the diversified development of Macau's economy.
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