This article was written by Alessio Petino, Knowledge Coordinator of the EU SME Centre.
The article covers two main themes: the priorities and geografical coverage of Beijing’s FTZ and the characteristics ad preferntial policies of the Overall Plan for the Beijing FTZ to attract and support foreign investors and enterprises.
Background: In September 2020, the State Council issued the Overall Plan for the China (Beijing) Pilot Free Trade Zone, laying the groundwork for the establishment of a Free Trade Zone in China’s capital. The plan outlines a series of preferential policies to attract and support foreign investors and talents.
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This is the first of two articles that the EU SME Centre is producing on the recently announced Beijing Free Trade Zone – which was the key topic of an offline workshop organised by the EU SME Centre on 1 December 2020. The next article will be published in the upcoming week and will analyse the specific opportunities offered to European SMEs by the Beijing FTZ, as well as the strengths of the Beijing FTZ compared to other FTZs across China.
This follows another announcement, made only a few weeks earlier by the State Council, of a work plan to deepen pilot reforms in the service sector in Beijing (initiated in 2015), and to build a National Integrated Demonstration Zone for the Opening Up of the Service Sector.In September 2020, the State Council issued the Overall Plan for the China (Beijing) Pilot Free Trade Zone, laying the groundwork for the establishment of a Free Trade Zone in China’s capital. The plan outlines a series of preferential policies to attract and support foreign investors and talents.
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