Abstract
In response to the new trends in the development of global economy and trade, and to promote the new round of reform and opening-up, China’s Central Government approved the establishing of the China (Shanghai) Pilot Free Trade Zone. Unlike other traditional free trade zones targeting on manufacturing industry and commodity trading, the Shanghai Free Trade Zone is specialized in the opening of the service industry, including seaports, airports, trading, manufacturing, warehousing, etc.
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Notes
- 1.
“First-tier” refers to the direct passage between the Free Trade Zone and overseas. “Open up the first-tier” means cargoes from overseas are allowed to move into the Free Trade Zone freely without the supervision of the Customs; same for the reverse movement. “Second-tier” refers to the passage between the Free Trade Zone and areas under the supervision of the Customs. “Control the second-tier” means cargoes in Free Trade Zone moving into the non-Free Trade Zone are subject to the supervision of the local Customs according to local regulations and taxation policies, same for the reverse movement.
- 2.
“Separate deliveries and single customs clearance” means cargoes are delivered in separate batches and the customs clearance can be done collectively at one time. “Self-arranged transportation” means enterprises may choose to use whatever vehicles which suit their transportation needs.
References
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Yan, W., Wang, L. (2016). Development of Shanghai’s Free Trade Zone Logistics. In: Liu, Bl., Wang, L., Lee, Sj., Liu, J., Qin, F., Jiao, Zl. (eds) Contemporary Logistics in China. Current Chinese Economic Report Series. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-47721-2_11
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DOI: https://doi.org/10.1007/978-3-662-47721-2_11
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