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Chinese mainland, Hong Kong and Macao to jointly build FTZ to enhance opening-up: MOC

July 14, 2021


Abstract : China's Ministry of Commerce (MOC) called on the Chinese mainland, Hong Kong, and Macao to jointly build a pilot free trade zone (FTZ) to deepen opening-up and cooperation, according to the 14th Five-Year Plan for Commerce Development issued by the MOC recently.

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Aerial photo shows fishing boats flying China's national flags and the flags of the HongKongSpecial Administrative Region (HKSAR) cruising at the Victoria Harbor in HongKong, south China, July 1, 2021. (Xinhua/Li Gang)

BEIJING, July 14 (Xinhua) – China's Ministry of Commerce (MOC) called on the Chinese mainland, Hong Kong, and Macao to jointly build a pilot free trade zone (FTZ) to deepen opening-up and cooperation, according to the 14th Five-Year Plan for Commerce Development issued by the MOC recently.

According to the plan, the MOC will make great efforts to improve the Closer Economic Partnership Arrangement (CEPA) system among the mainland, Hong Kong and Macao.

Supported by the development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), China will further support Hong Kong and Macao in participating in and facilitating China's all-round opening-up, build a platform for joint development of the Belt and Road Initiative (BRI), and deepen the role of the FTZ as a platform for going global.

Meanwhile, the MOC attaches great importance to the orderly participation of Hong Kong and Macao in the building of overseas economic and trade cooperation zones and will facilitate Hong Kong in participating in international and regional economic and trade cooperation.

The MOC also pledged more efforts to explore opening-up with autonomy and at a higher level to stimulate endogenous motivation for high-quality development.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

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Keyword: FTZ MOC

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