Guiyang Free Trade Zone. [Photo/guiyang.gov.cn]
Guiyang Free Trade Zone (贵阳综合保税区) in Guiyang, the capital of Southwest China's Guizhou province, was established on Sept 14, 2013 with the approval of the State Council. It is Guizhou's first free trade zone to go into operation and one of Guizhou's major national opening-up and innovation platforms.
The zone covers a planned area of 10.83 square kilometers, including 3.01 sq km of special area supervised by the customs department. It neighbors Wudang district in the east, connects with the belt freeway in the south, reaches Dulaying marshaling station in the west and neighbors a water conservation area in the north.
Currently, the zone's first-stage construction, which covers 1.003 sq km, has been completed. The second phase of construction is ongoing and covers 2.007 sq km.
During the 13th Five-Year Plan period (2016-20), the zone completed 16.69 billion yuan ($2.58 billion) of fixed-asset investment, achieved 317.46 million yuan of added value in industries above a designated size, had 16.05 billion yuan for newly introduced projects in place, actually used $780 million of foreign investment, achieved $4.69 billion of foreign trade value and received 525.04 million yuan of general public budget revenue.
By participating in the construction of the Belt and Road Initiative, the New International Land-Sea Trade Corridor and an inland opening-up pilot economic zone, the zone has enhanced opening-up, improved its construction and function and strived to establish an industry system to support its high-quality development.
The zone has implemented the State Administration of Foreign Exchange's nine foreign exchange pilot policies and China International Trade Single Window service is available at all related government departments. It has been approved as a pilot area for foreign-invested equity investment, general taxpayer qualification of enterprise value-added tax, service trade innovation, and extended bonding services for parallel-import cars.
It is also Guizhou's first free trade zone to establish a capital pool for refunding export taxes.
Guiyang Free Trade Zone strives to construct the Guiyang Dulaying international land-sea logistics port, a cross-border e-commerce comprehensive area, a modern service industrial cluster, an import and export commerce center for cross-border e-commerce, a supply center for international logistics, and a distributing center for grain and oil imports and exports.