Sunday, Feb. 26, 2017

ECA launching guide to the Shanghai Free Trade Zone

By Export Council of Australia · March 20, 2015

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The Shanghai Free Trade Zone is one of highest profile and most-hyped economic and financial reform measures undertaken by the Chinese government in recent times.

It also one of the most complex and difficult to understand for foreign business, and has been a work-in-progress since its September 2013 launch.

Nevertheless, the zone offers real advantages and benefits to foreign businesses that take advantage of it.

Among other benefits, the Shanghai FTZ has simplified approval procedures for inward investment, simplified customs declaration and quarantine procedures, loosened restrictions on foreign ownership and cross-border trade, enhanced cross-border financing and funds transfers and eased restrictions on RMB convertibility.

The Export Council of Australia will be launching a guide and a mobile app to the Shanghai FTZ, supported by Department of Foreign Affairs and Trade’s Australia-China Council, Asialink Business and Austrade. This will help Australian businesses to understand what the Shanghai FTZ is, what it means for Australia and how to take advantage of the opportunities it creates to enter or restructure their China operations.

To assist us with the process of developing the guide, please complete this quick 5 minute survey: https://www.research.net/r/ecashanghaiftz

For further information on the project, please contact: Niels Strazdins at niels@export.org.au
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