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China unveils new policies for Pingtan FTZ

Updated: Jul 15,2015 9:18 PM     Xinhua

PINGTAN — Pingtan in East China’s Fujian province, one of China’s free trade zones, is well set to attract more business, with new preferential policies announced on July 15.

The local customs office has put forward 22 new measures, including fast clearance for Taiwan merchants doing businesses in Pingtan, preferential clearance for perishable goods and online cargo registration.

The General Administration of Quality Supervision, Inspection and Quarantine also introduced 20 new measures, delegating more power over agricultural imports to its local branch.

Pingtan is an island 126 kilometers from Taiwan, a bridgehead in cross-Strait cooperation and crucial to the Belt and Road initiative.

Pingtan became a special Chinese customs zone a year ago, featuring tax-free Taiwan products and special rules on importation of vehicles from Taiwan.