On November 1, 2023, the unveiling ceremony for China (Xinjiang) Pilot Free Trade Zone (FTZ) was held in Urumqi, northwest China’s Xinjiang Uygur Autonomous Region. (Photo by Shiliuyun-Xinjiang Daily/Cui Zhijian) 

Shiliuyun-Xinjiang Daily news: On November 1, 2023, the unveiling ceremony for China (Xinjiang) Pilot Free Trade Zone (FTZ) was held in Urumqi, northwest China’s Xinjiang Uygur Autonomous Region.

The China (Xinjiang) Pilot Free Trade Zone, being the only FTZ in northwest China, is composed of parts of Urumqi, Kashgar, and Horgos, covering an area of 179.66 square kilometers.

Photo shows the commemorative plaque of China (Xinjiang) Pilot Free Trade Zone. (Photo by Shiliuyun-Xinjiang Daily/Cui Zhijian)

According to the general plan issued by the State Council on October 31, specific measures are to be taken in the next three to five years to build a high-standard and high-quality FTZ with an excellent business environment, convenient investment and trade, advantageous industry agglomeration, shared factor resources, coordinated and efficient management, and outstanding radiating and leading effects. To be integrated as an important hub in the country's domestic and international "dual circulation", the zone will serve the construction of core areas of the Belt and Road Initiative, support the golden channel between Asia and Europe, and lead the opening-up of the western regions, and contribute to the China-Central Asia shared community.

(A written permission shall be obtained for reprinting, excerpting, copying and mirroring of the contents published on this website. Unauthorized aforementioned act shall be deemed an infringement, of which the actor shall be held accountable under the law.)