Issue 20
China is currently planning to establish three Free Trade Zones (FTZs) in Tianjin, Guangdong and Fujian in order to attract greater investment and to further develop the 21st Century Maritime Silk Road Plan initiated last year.
“The new zones will be based on the Shanghai model and Thai investors should take this opportunity to conduct business and investment planning as the new zones will offer many advantages, including liberalized foreign exchange,” said DITP Director-General, Nuntawan Sakuntanaga. “In addition, trading rules and regulations as well as employment will also be more flexible.”
Sakuntanaga added that the Chinese customs’ authority planned to introduce a number of measures including declaration of tax-free items, implementing an e-customs system and speeding up the customs clearance process that would ease the process for both exporters and importers.
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