Free Trade Zone

China (Chongqing) Pilot Free Trade Zone (Chongqing FTZ or CFTZ) is a regional free trade zone set up by the Chinese government in Chongqing. It covers an area of 119.98 km2, containing three parts –Liangjiang New Area, Xiyong Area, and Guoyuangang Area. CFTZ was approved to establish by the State Council on March 15, 2017. The State Council issued the Master Plan for China (Chongqing) Pilot Free Trade Zone on March 15, 2017. Chongqing FTZ was officially established on April 1, 2017.

Chongqing FTZ aims to encourage system innovation, and its basic requirements are to make the relevant innovated policies replicable and promotional. It supports Chongqing to be the strategic fulcrum and connection in western China under the plan created by the Central Committee of the Communist Party of China and the State Council. Chongqing is making significant efforts to build Chongqing FTZ as the geographical hub of the Belt and Road and Yangtze River Economic Belt, as well as the essential pivot of Western China Development Strategy.

(Source mainly from Chongqing Association of Enterprises with Foreign Investment)