The Export Council of Australia (ECA), with partners Asialink Business, the Australia-China Council and Austrade, today launched the Summary Report of The Shanghai Free Trade Zone and Australia – a project intended to clarify what the Shanghai Free Trade Zone (SFTZ) is, and what opportunities it offers Australian businesses in China.
The SFTZ is one of the most ambitious economic and financial reform initiatives China has undertaken in a long time. It offers an easier and simpler environment for Australian businesses in China, and opens new opportunities in a number of areas. It is also a complex and little understood initiative in Australia.
The Shanghai Free Trade Zone and Australia report will:
- Clarify what the SFTZ is, and contextualize its development in China’s larger reform efforts;
- Contrast the SFTZ with China’s original special economic zones and the other new Shanghai-style FTZs in Fujian, Guangdong and Tianjin;
- Offer a sector-by-sector breakdown of the benefits to Australian businesses of operating in the SFTZ;
- Compare the SFTZ to Hong Kong as gateways to the Mainland market.
The ECA encourages all Australian businesses, big and small, to consider the SFTZ’s potential for their China operations. It is a complex initiative and it will not be for everyone, but it offers real advantages for many Australian businesses.
Download the report:
The summary report can be downloaded here.
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