Shiliuyun-Xinjiang Daily (Reporter Hei Hongwei) news: According to the press conference of the 8th China-Eurasia Expo on June 12, 2024, a special pavilion for the China (Xinjiang) Pilot Free Trade Zone (FTZ) will be set up at this expo. It will actively promote and showcase the basic overview of the Xinjiang FTZ, demonstrating the unique features, progress, and achievements of the three areas of the FTZ respectively in Urumqi, Kashi, and Horgos.

Photo shows a truck departs from Kashi Comprehensive Bonded Zone in Kashi City, northwest China’s Xinjiang Uygur Autonomous Region. (File photo by Shiliuyun-Xinjiang Daily/ Cai Zengle)

At the Expo, a special event will spotlight investment opportunities in Xinjiang, highlighting the institutional innovation and favorable policy environment of the Xinjiang FTZ. And special sessions will be arranged for the three areas of the Xinjiang FTZ, aiming to foster dialogue with businesses from across China's provinces, autonomous regions, and municipalities directly under the Central Government. These sessions will offer insights into policy frameworks and facilitate discussions on potential investment opportunities.

As the first pilot free trade zone in the northwest border areas, Xinjiang FTZ was officially established on November 1, 2023. The FTZ has since embarked on an array of reform initiatives, marking a robust start to its development. By the end of May, 2024, a total of 51 tasks had been implemented, achieving significant progress. From January to April this year, the total import and export volume of the Xinjiang FTZ reached 38.5 billion yuan (about 5.31 billion U.S. dollars), accounting for 27.92 percent of the total import and export volume of Xinjiang. Since inception, the FTZ has welcomed over 4,000 new enterprises to settle down, achieving a total of 24,000 enterprises.

Li Xuan, secretary of the leading Party members group of the Department of Commerce of Xinjiang Uygur Autonomous Region, stated that Xinjiang will fully leverage the platform function of the China-Eurasia Expo to develop public service products that facilitate exchanges and collaboration between Asia-Europe countries. Xinjiang will design key events themed around prosperity and development, inviting officials, scholars, and entrepreneurs from various fields such as economy, culture, and technology to participate in the China-Eurasia Expo.

Through the Expo, Xinjiang will foster deeper interactions and cooperation among countries in Asia and Europe, thereby enhancing the Expo's international standing and professional service offerings. By doing so, Xinjiang seeks to broaden the reach of Asia-Europe cooperation and elevate its collaborative efforts to new heights, ultimately driving shared prosperity and development for all parties involved.

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