Pilot free trade zone (FTZ) in Shanghai will launch on Sept 29


Easier access and greater freedom for the Shanghai FTZ is promised by China’s central government. The now suggested negative list approach will allow everything that is not explicitly forbidden. Investors will have to wait and see, how long and complicated the restrictions of that negative list will be.

“The National People’s Congress Standing Committee (China’s legislature) has authorized the State council (Cabinet) to modify laws related to foreign enterprises in the zone.” [Xinhua]

“In the FTZ goods can be imported, processed and re-exported without the intervention of customs authorities. ” [Xinhua]