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Zhejiang Free-Trade zone, officially China (Zhejiang) Pilot Free-Trade Zone (Chinese: 中国（浙江）自由贸易试验区; pinyin: Zhōngguó (Zhèjiāng) Zìyóu Màoyì Shìyànqū) is a free-trade zone in Zhoushan, Zhejiang Province, China.
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
Hulu Klang Free Trade Zone (Statchippac, Texas Instrument) Kulim Hi-Tech Park, Kedah; Melaka Batu Berendam Free Trade Zone (Texas Instrument, Dominant Semiconductor, Panasonic) Pasir Gudang Free Trade Zone, Johor; Port Klang Free Zone, Klang, Selangor; Sungai Way Free Trade Zone (Western Digital, Free Scale, etc.)
The first trial version of the negative list was issued in 2016 in four provincial regions with pilot free trade zones [3] . It was extended to another 11 provinces and cities in 2017, and a nationwide list was issued a year later. [4] On November 22, 2019, China issued its 2019 version of the unified negative list for market access. [5]
The concept of Special Economic Zone arose in the late 1950s in Ireland. [2]: 55 The Irish government established the Shannon Free Zone to encourage foreign investment through tax incentives. [2]: 55 Various Chinese leaders visited Shannon Free Zone, including Jiang Zemin (in 1980) and later Zhu Rongji, Wen Jiabao, and Xi Jinping. [2]: 55
The Zhejiang Yuhuan Economic Development Zone Management Committee is entrusted by the Yuhuan Municipal Government to exercise unified leadership and management over the development zone. It is a fully funded public institution responsible for the development, construction, and management of the Yuhuan Economic Development Zone.
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
Batam is an industrial boomtown, an emerging transport hub and part of a free trade zone in the Indonesia–Malaysia–Singapore Growth Triangle, located 20 km (12 mi) off Singapore's south coast. [3] [4] [5]