Suzhou government unveiled The Development Plan of China (Jiangsu) Pilot Free Trade Zone Suzhou Area at the news briefing on Dec 10. The plan specifies the tasks of the development of China (Jiangsu) Pilot Free Trade Zone Suzhou Area, a 60.15-square-kilometer free trade zone inaugurated in SIP on Sept 1, and the schedule and path to fulfill the tasks.

 

Suzhou mayor Li Yaping spoke at the event, declaring that the FTZ will be built into a pilot zone for open economy and also a demonstration zone for innovative development of real economy and industrial transformation and upgrading. 

 

The plan contains 143 institutional measures which, pioneering nationwide and even worldwide, are designed to help develop the FTZ into an “opening-up nursery” with unique characteristics and strong international competitiveness.

 

The plan will make the FTZ more “magnetic” to global business and trade resources. Otsuka Holdings Co Ltd, a Japanese drug maker, recently launched a project to set up in the FTZ a sales center that will help introduce more new drugs and advanced pharmaceutical technologies from overseas to the area to benefit more local patients.

The Opinions of Suzhou Government on Support for High-quality Development of China (Jiangsu) Pilot Free Trade Zone Suzhou Area was released concurrently, with 35 measures to give related businesses a helping hand in seeking efficient administrative services, financing, HR management, land use and other aspects for the purpose of ensuring a high-quality development of the FTZ.

The WeChat account of the FTZ came into service on the same day to offer comprehensive and latest information about the FTZ.