According to news published in www.gov.cn dated August 26, the State Council agreed to establish China (Jiangsu) Free Trade Pilot Zone (short for JFTZ hereinafter) and released the Master Plan for China (Jiangsu) Free Trade Zone (short for Master Plan hereinafter), commissioning the construction of the zone. 

According to the Master Plan released by the State Council, JFTZ will cover an implementation area of 119.97 square kilometers consisting of Nanjing, Suzhou and Lianyungang zones. It will become a pioneering zone for developing open economy, and a model for real economy’s innovative development and industrial transformation and upgrading. 

Located at Suzhou Industrial Park (SIP), Suzhou Free Trade Zone (SFTZ), covering 60.15 square kilometers (including the 5.28sqkm SIP Comprehensive Bonded Zone), is a critical area consisting of the High-end Manufacturing and International Trade Zone, Dushuhu Science and Education Innovation Zone, Jinjihu Business District, Yangchenghu Peninsula Tourism Resort and other functional zones.

SFTZ aims at evolving into the world’s first-class high-tech industrial park, an all-round opening-up highland, an international innovative highland, a high-end industrial highland and modernized governance zone.