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Yunnan made early-stage achievements in pilot FTZ building
10/21/2019


The China (Yunnan) Pilot Free Trade Zone (FTZ) has made early achievement since its launch on August 30.

The pilot FTZ covers parts of Kunming, the provincial capital, Honghe Hani and Yi Autonomous Prefecture that neighbors Vietnam and Dehong Dai and Jingpo Autonomous Prefecture which borders Myanmar.

In the Kunming area, the authority has been simplifying procedures, improving efficiency and lowering costs for enterprises, and has made achievements in attracting investment. Currently, 129 companies have registered in the area, with a total investment of nearly 120 million RMB (approximately 16.9 million US dollars).


Due to the efficient approval process and preferential policies in taxes and house rent in the pilot FTZ, we can save operating costs, said Mark Respinger, person in charge of a trade company in the Kunming area. He added that he is very optimistic about his companys market prospect as Kunming is a hub connecting the rest of China with South and Southeast Asian countries.


Thanks to the efficient customs clearance, a tourist can embark on his cross-border journey at 12:00 a.m. if he applies for a cross-border trip at 9:00 a.m., said Xu Yunxin, a tour guide in the pilot FTZs Honghe area.

According to Jin Jiaxin, an officer of Hekou Customs in the Honghe area, different lanes have been set up for tourists, bicycles and vehicles to reduce clearance time at Hekou Port. And measures have been taken to lower logistic and storage costs for specific goods like fruits, vegetables, aquatic products and mineral products.


With less application formalities, short clearance time and high efficiency, the business environment in the pilot FTZs Dehong area is favored by merchants both from home and abroad. Since the pilot FTZs establishment, 210 enterprises, including five foreign ones, has registered in the Dehong area. Accordingly, the authorities will lay more stress on the development of cross-border e-commerce and finance, making more contributions to the building of China-Myanmar Economic Corridor. 


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