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E.China Fujian FTZ deepens all-round co-op with Taiwan

April 27, 2020


Abstract : East China's Fujian Pilot Free Trade Zone (FTZ) has been deepening cooperation with Taiwan in the fields of industry, trade, financial as well as talents communication since it was inaugurated in April of 2015.

BEIJING, April 27 (Xinhua) – East China's Fujian Pilot Free Trade Zone (FTZ) has been deepening cooperation with Taiwan in the fields of industry, trade, financial as well as talents communication since it was inaugurated in April of 2015.

As of March of the year, a total of 2,520 Taiwan based enterprises set up businesses in Fujian FTZ, posting a contracted value of 6.79 billion yuan, official data showed.

In the past five years, Fujian FTZ has introduced 89 innovative measures for boosting cooperation with Taiwan and has given priority to their collaboration in more than 50 sectors such as telecommunication, tourism, construction, and finance.

To promote trade facilitation with Taiwan, Fujian has launched several air routes connecting the province with cities of Kaohsiung and Taipei in Taiwan, and it has also introduced the cross-strait e-certificate system for inspection and quarantine.

Financial cooperation has been enhanced with a total of 23 banking institutions in Taiwan opening 41 RMB agent clearing accounts in Xiamen, the capital city of Fujian Province, with settlement totaling 128.12 billion yuan.

Meanwhile, the two major local equity trading centers in Fujian, namely, the Haixia Equity Exchange and the Xiamen Cross-Strait Equity Exchange, have been approved to set up Taiwan-funded borders, with a total of more than 600 listed Taiwan enterprises on display.

Besides, Fujian has also set up comprehensive service platforms for both Taiwan residents and enterprises to facilitate their life and work in the province.

Approved by the State Council on December 21, 2014, the Fujian FTZ has started operation on April 21, 2015. (Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

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Keyword: FTZ cross-strait

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