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Guangxi FTZ's import, export volume expected to exceed $11b




Updated: 2022-03-01

The China (Guangxi) Pilot Free Trade Zone (FTZ) has already made many achievements at the beginning of 2022. In January, 2,075 enterprises were newly established in the Guangxi FTZ. In addition, the actual use of foreign capital in that period is expected to be $49.59 million, while its import and export volume is expected to be $11.16 billion.

In January, the Guangxi FTZ tackled reform pilot tasks and strived to implement the 120 reform pilot tasks assigned by the state to ensure a 100 percent implementation rate.

It also set up the Regional Comprehensive Economic Partnership (RCEP) Enterprise Service Center, which is committed to serving as a platform for Guangxi enterprises to make use of the RCEP free trade agreement and as a window for RCEP enterprises to enter China.

It also launched the first international freight train from RCEP member countries. The first train, which was loaded with imported fruit from ASEAN countries after the RCEP agreement went into effect on Jan 1, arrived in Pingxiang, Guangxi Zhuang autonomous region.

It has also made good use of think tank resources and established the Guangxi FTZ Advisory Committee this year.


The China (Guangxi) Pilot Free Trade Zone. [Photo/WeChat account: gh_df8bc987e060]