CHONGQING (CQNEWS) -- The List of Key Work for Pilot Free Trade Zones (2023-2025), released by the Ministry of Commerce, clarifies key tasks for the 20 pilot free trade zones in Shanghai, Guangzhou, Tianjin, Chongqing, etc. to make continued exploration based on their differentiated conditions and promote high-quality development of pilot free trade zones.

What are the new tasks and development for Chongqing Pilot Free Trade Zone in the future?

There are nine key tasks for the Chongqing Pilot Free Trade Zone, which involve the collaborative opening-up demonstration zone of Sichuan and Chongqing pilot free trade zones, the new western land-sea corridor, the Western Financial Center, advanced manufacturing clusters like electronic information and new-energy vehicles, China-Singapore connectivity projects, and the Chongqing data center cluster, according to The List of Key Work for Pilot Free Trade Zones (2023-2025).

The collaborative opening-up demonstration zone of Sichuan and Chongqing pilot free trade zones

Promote the development of the collaborative opening-up demonstration zone of Sichuan and Chongqing pilot free trade zones and focus on system innovation in the field of finance, science and technology, medical care, trade, and digital economy.

The construction of the new western land-sea corridor

Promote high-quality development of the new western land-sea corridor, strive for innovative transportation operation modes, accelerate the construction of distribution centers, develop special trains for foreign trade, seek ways of building a system of rules for international trade on land, and push forward the integrated development of domestic and foreign trade.

Make joint efforts to build the Western Financial Center

Support the construction of the Western Financial Center, strengthen cooperation in international financial services, and strive for innovative use of the Renminbi.

Develop advanced manufacturing clusters in the fields of electronic information and new-energy vehicles

Promote the layout of large scientific devices and science centers in related fields in the zone, promote the agglomeration and development of high-end instruments and intelligent terminal industries, and build leading industrial bases for power batteries, hydrogen fuel cells, and automotive electronics in China.

China-Singapore connectivity projects

Seek cooperation between Chongqing and Singapore in international trade, single-window financial system, and mutual recognition of electronic identity and digital certificates, with a focus on Chongqing Pilot Free Zone and China-Singapore connectivity projects.

The Chongqing data center cluster

Promote the construction of the Chongqing data center cluster relying on the Chengdu-Chongqing hub of the national integrated computing power network.

In addition, The List of Key Work for Pilot Free Trade Zones (2023-2025) clarifies specific tasks for the three main regions of the Chongqing Pilot Free Trade Zone.

The Liangjiang region

Build a preferred place for foreign commercial dispute resolution, develop a “one-stop” dispute resolution center relying on the court of Liangjiang New Area (Pilot Free Trade Zone), improve the commercial dispute resolution mechanism, optimize extraterritorial legal investigation services, and establish and operate the Chengdu-Chongqing financial court.

The Xiyong area

Promote the high-quality development of China Railway Express trains (Chengdu and Chongqing), build a demonstration project for the hub of China Railway Express trains, promote the integrated development of transportation and trade, and create a distribution center for imported vehicles in the western region.

The Guoyuan Port region

Step up the construction of logistics hubs along the Yangtze River Economic Belt, build national multimodal transportation demonstration projects with high standards, build inland dry ports, increase direct express lines between Shanghai and Chongqing and trains from Chongqing to Ningbo trains, explore direct river-sea intermodal transportation, and build a water transportation service cluster. (Translated by Yuki, Fathom Language Limited)