How can China’s Free Trade Zones Meet the International Advanced Standards?
Abstract
There is little difference between a free trade zone (FTZ) and a free trade port. Relatively speaking, a free trade port enjoys a wider degree of openness and can be exempted from customs supervision in a border area. Although certain achievements have been made during China's free trade zones construction with the development of global economy, there are still some shortcomings compared with other zones abroad. Therefore, China must build and reform FTZs based on its own economic situation, laws, regulations and market demands if China wants to build a more competitive and open free trade zones to have a stronger influence in the new round of international economic competition.
References
Kong Q. How can china’s free trade zones meet the international advanced standards? Frontiers 2020; 2: 65-71.
Yang Z, Xiao J. Optimization methods for the development of regional industrial supply chains under the background of constructing free trade zones (in Chinese). Journal of Commercial Economics 2021; 9: 176-178.
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