China (Jiangsu) Pilot Free Trade Zone Suzhou Area, one of the three components of China (Jiangsu) Pilot Free Trade Zone recently established in East China’s Jiangsu province, was inaugurated in SIP on Sept 1. Zhou Naixiang, member of the Standing Committee of CPC Jiangsu Committee and secretary of CPC Suzhou Committee, and Li Yaping, deputy secretary of CPC Suzhou Committee and mayor of Suzhou, unveiled the nameplate for it.

 

 

 

Fifteen enterprises received business licenses at the event, becoming the first to register in the area.

 

Additionally, 32 enterprises signed agreements to launch their projects in the area. The projects, with a total investment of nearly RMB 80 billion, is expected to help boost great prosperity in the fields of biomedicine, high-end precision manufacturing, financial services, etc.

 

Moreover, seven reform and innovation measures were unveiled to enhance trade facilitation, strengthen support to and supervision over businesses and continuously improve local business environment.