Beijing-Tianjin-Hebei Region Takes Five Major Actions to Promote High-quality Opening Up of FTZ
On December 25, Beijing Municipality, Tianjin Municipality and Hebei Province jointly signed the Action Plan for Promoting Coordinated Development of the Beijing-Tianjin-Hebei Pilot Free Trade Zone (hereinafter referred to as the Action Plan).
It is learned that the Action Plan clarifies the goals and tasks for advancing the coordinated development of the Beijing-Tianjin-Hebei Pilot Free Trade Zone. It focuses on the implementation of 16 practical measures involved in the five major actions outlined below:
- The progress in the liberalization and facilitation of both trade and investment;
- The coordinated development and connectivity of the ports of Beijing, Tianjin and Hebei;
- The coordinated development of financial innovation;
- The joint promotion of integrated development of industries;
- The joint promotion of a more efficient flow of resources.
The plan proposes 16 measures to promote the area's coordinated development in FTZs, including advancing trade and investment liberalization and facilitation, boosting the development of financial innovation and promoting the coordinated development of the industrial sector.
The action plan is a latest measure to boost the coordinated development of the Jing-Jin-Ji area since the country initiated a key strategy to coordinate the development of Beijing, Tianjin and Hebei Province in early 2014.
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