China

Strive to build a higher-level free trade pilot zone

2024-01-04   

In September 2013, the Shanghai Pilot Free Trade Zone was established, and a series of institutional innovations, including the negative list of foreign investment, spread from the Shanghai Pilot Free Trade Zone to the whole country, playing a role as a "test field" for deepening reforms. According to the central deployment, the Shanghai Free Trade Zone is currently implementing the strategy of upgrading the pilot free trade zone. From a list, it can be seen that the door to openness is getting bigger and bigger. 【 Open Story 】 Walking into Meiankang Quality Testing Technology (Shanghai) Co., Ltd. located in the Jinqiao area of the Shanghai Free Trade Zone, the staff in the physical and chemical laboratory, food research and development laboratory, sensory laboratory, and other laboratories are dedicated to developing various new food products. This year, Meiankang's team has been particularly busy: going to Brazil to implement organic certification, promoting Good Agricultural Practices (GAP) certification in Hainan, and conducting research and innovation in healthy food in the laboratory... These tasks are also serving domestic food enterprises in "going out" and overseas brand "bringing in". Meiankang can deeply cultivate the Chinese market thanks to the reform of the Shanghai Free Trade Zone. After the establishment of the Shanghai Free Trade Zone in 2013, the first negative list of foreign investment in China was launched - for foreign-invested enterprises outside the negative list, the approval system was changed to a filing system. This epoch-making reform has promoted the relaxation of foreign investment access in many fields. "Before 2013, when I worked in the United States, I had a dream of using advanced testing and certification technology to serve domestic food safety and innovation, and to accelerate the transition of domestic consumers from 'eating enough' to 'eating well'." Si Rong, CEO of MeiAnkang, recalled that under the conditions at that time, it was very difficult for foreign-owned certification agencies to obtain approval in China. In 2014, the Shanghai Free Trade Zone launched the second batch of 31 measures to expand opening up, officially opening up the access of foreign certification institutions. Upon hearing this news, Si Rong and his partners in the United States felt that the opportunity to realize their dreams had arrived. In July 2015, Meiankang Quality Testing Technology (Shanghai) Co., Ltd. was officially established. "The negative list makes it impossible for us to start a business in China," said Si Rong. Since its establishment, the first foreign-funded testing and certification institution, the first foreign-funded hospital, the first foreign-funded public fund company, and the first foreign-funded automobile manufacturing enterprise have achieved a number of national pioneering projects in dozens of fields such as manufacturing and finance in the Shanghai Free Trade Zone and Lingang New Area. Nowadays, the negative list management system for foreign investment has been promoted nationwide and incorporated into the Foreign Investment Law of the People's Republic of China promulgated in March 2019. The negative list of foreign investment in the free trade zone has been reduced from 190 items at the beginning to 27 items now, and in the future

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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