Shanghai in 2020 to build the first free tax free port in the China Mainland

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Shanghai in 2020 to build the first free tax free port in the China Mainland

For many mainland residents, Hong Kong is an out-and-out shopping paradise. Because in Hong Kong, the price of imported goods is much cheaper than the mainland, especially in luxury goods, cosmetics, digital products and other commodities reflected in the most obvious.

Behind the inexpensive commodity, the root cause is that Hong Kong is a free tax free port. However, by 2015 to 2020, Hong Kong’s free port advantage may be greatly weakened, because Shanghai is planning to build an international sense of the real free port. Which in addition to help Shanghai to enhance the international shipping center, the secondary effect is likely to attract the Yangtze River Delta region and the northern region of the residents flocked to Shanghai consumption.

“China Economic Weekly” reporter learned from the relevant person in charge of the Shanghai Municipal Development and Reform Commission, although the State Council on the construction of Shanghai “two centers” views (Guo Fa [2009] No. 19) only mentioned “learn from the international free port policy, But the construction of “free port” in Shanghai has been clearly defined – to China’s first bonded port area Yangshan Port as the core, in line with international practice to build a free port, to the second five during the then Yangshan Port Policy to promote to Shanghai, “three Hong Kong three districts” and the surrounding Lingang New City and other shipping service gathering area.

Shanghai Freeport Strategy “Three Steps”

What is free port?

According to the textbook, freeport refers to all or most of the foreign goods can be exempted from the port, in a country’s customs territory (that is, “customs”) outside.

It is noteworthy that, for free ports, foreign goods entering and leaving the port in addition to exemption from customs duties, but also in compliance with the relevant national policies and decrees under the premise of free modification in the port, processing, long-term storage or sales. And this is why imports of goods in Hong Kong and other free port city is cheaper reasons.

In the State of the People’s Republic of China [2009] No. 19, it is clear that we should “explore the establishment of an integrated pilot area for the development of international shipping” at Yangshan Port, and the Shanghai Municipal Government has regarded the “free port” as the ultimate goal of the comprehensive pilot area.

“China Economic Weekly” learned that the free port policy touched on China’s tax, customs and many other key policies and regulations, the process can not be achieved overnight, the Shanghai Free Port strategy will be “three steps.”

Shanghai Municipal Development and Reform Commission, deputy director of the Municipal Development and Reform Commission, Xiao Lin, director of the Institute held on November 30, “Shipping Financial Services International Conference 2009” made a specific introduction:

“The first stage, 2009 – 2010, we will be against the National [2009] No. 19,” can operate “the contents of the full implementation of the second stage, 2011 – 2015 (” second five “period), we Will focus on the National Development [2009] No. 19 text referred to the “research and exploration” content, the full implementation of positive function expansion, first focus on Yangshan bonded port area, with the market demand and policy to further expand to the “three Hong Kong three areas” North Bund, Lujiazui and Lingang New City, etc. The third stage, 2016 – 2020 (“thirteen five” period), to the basic form of international practice in line with the free port function and system.

“China Economic Weekly” reporter access to relevant documents learned that the next two years, “can operate” content: the implementation of Yangshan Bonded Port business tax preferential policies; Chinese foreign ship special tax relief policy; to promote enterprises to set up offshore accounts pilot ; Hong Kong tax rebate policy and so on. The “Twelfth Five-Year Plan” period to “study and explore” the contents are: to explore innovative special regulatory regional management system; research and development of international competitiveness of the shipping tax reform and so on.

“Some policies have been implemented or are being implemented,” Xiao Lin told reporters, “For example, Yangshan Bonded Port area exempted from business tax, since May this year, has been exempted from the relevant business tax of more than 4000 million.

“Three Hong Kong three districts” linkage

It is noteworthy that, in his speech, Xiao Lin mentioned the relevant policies of Yangshan Port during the “12th Five-Year Plan” period will be “three Hong Kong three areas” to expand, and “three Hong Kong three districts” what is it? This reporter learned that this and the Shanghai Pudong New Area and Nanhui District, there is a link between the merger.

Why is Pudong New Area merging with Nanhui District? “One of the important reasons is to get through the original did not get through the crux, for example, in the construction of the Shanghai International Shipping Center regional layout, Pudong, Nanhui each have a port, through the merger of the two districts may be better to solve the linkage problem.” Before the Shanghai Municipal Government Development Research Center Director Zhou Zhenhua had to “China Economic Weekly” to introduce the “new Pudong” significance.

In 2008, the cargo throughput of Shanghai Port completed 582 million tons, continue to maintain the world’s first, container throughput of 28.66 million TEU, ranked second in the world, has been initially equipped with the size of the international shipping center. Prior to the establishment of the new Pudong, Shanghai port cargo throughput mainly by the Hongqiao Port, Yangshan Port to share the two ports. Located in Pudong, Takahashi Port is mainly Southeast Asia routes and other cargo routes, located in the original Nanhui Yangshan Port is mainly on Europe and the United States container routes. Due to administrative divisions and a series of reasons, the linkage between the two ports there are some difficulties and resistance.

November 18 this year, the Shanghai Comprehensive Bonded Area Management Committee was formally established, as the Shanghai municipal government agencies, will be unified management in Pudong area of ​​more than 20 square kilometers of the “three areas” – Waigaoqiao Free Trade Zone (including high Bridge bonded logistics park), Pudong Airport comprehensive bonded area, Yangshan Free Trade Zone administrative affairs. The “three areas” and have respectively Takahashi Port, Pudong International Airport Airport, Yangshan Port.

This means that the “three harbor three districts” will be Pudong New Area along the East China Sea more than 100 kilometers of coastline, 3400 square kilometers of sea area is also linked up to form a shipping and air of the Gold Coast.

Shanghai Pudong New Area Minister Jiang Liang told reporters frankly, Pudong to assume the Shanghai International Center for the construction of the core functions of the international shipping center, the main starting point is the “three Hong Kong three areas” to the system, policy, supervision, function and other aspects, Promote resource integration, improve overall competitiveness.

“Three Hong Kong three districts” linkage in the system, mechanism, policy will be a breakthrough. “Xiao Lin told the” China Economic Weekly. ”

According to the Shanghai “12th Five-Year Plan”, the Shanghai Municipal Government will build Yangshan Bonded Port Area into the core area of ​​Shanghai International Shipping Center, and build the Waigaoqiao Free Trade Zone into an important frontier of Shanghai International Trade Center. Integrated bonded area to build an important part of the international shipping center; and then let the “three areas” to drive the “three ports” to achieve the international container hub and airport air hub port in the functional complementarity.

According to Jiang Liang said, based on the “three harbor three districts” of the plan, Pudong will build a large coastal channel, south to the original Nanhui District Luchaogang, north to Waigaoqiao. And this coastal channel will have a role in the Yangtze River Delta port group radiation.

The port of Yangtze River Delta, which owns Yangshan Port, Beilun Port, Taizhou Port, Wenzhou Port, Takahashi Port, Lianyungang and Yangkou Port, has been carrying capacity of 1/3 of container cargo, but these ports are often Lack of effective resource integration, freight scramble is also very intense. And in Shanghai to build international shipping center ripple effect produced by the point with the effect of the Yangtze River Delta port group integration is also speed.

“China Economic Weekly” was informed that the current Shanghai is in line with the relevant state departments to improve and organize the implementation of the Yangtze River Delta region comprehensive transportation planning and port, intercity rail transit and other key special planning.

China has 13 bonded port area

Bonded port area superimposed the bonded area, export processing zones, bonded logistics park of the functional policy, is the future of China’s construction of the free port of the pilot area. As of September 2009, China has approved by the State Council approved the establishment of the bonded port area has 13.

2 thoughts on “Shanghai in 2020 to build the first free tax free port in the China Mainland”

  1. FreePortChina says:

    “China Economic Weekly” reporter learned from the relevant person in charge of the Shanghai Municipal Development and Reform Commission, although the State Council on the construction of Shanghai “two centers” views (Guo Fa [2009] No. 19) only mentioned “learn from the international free port policy.

    But the construction of “free port” in Shanghai has been clearly defined – to China’s first bonded port area Yangshan Port as the core, in line with international practice to build a free port, to the second five during the then Yangshan Port Policy to promote to Shanghai, “three Hong Kong three districts” and the surrounding Lingang New City and other shipping service gathering area.

  2. myron says:

    Shanghai in 2020 to build the first free tax free port in the China Mainland, well done.

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