The Chinese government officially established the Shanghai Pilot Free Trade Zone (PFTZ) on September 29, 2013 in order to provide an experimental field for policy and administrative reforms designed to facilitate trade and simplify China’s complex trade regulations. Companies who take advantage of the PFTZ will be able to speed up the entry of goods from overseas as well as reduce the cost of transporting goods.
The PFTZ will help Chinese government agencies strike a balance between enforcement and trade facilitation. Since the trade operations outside of the PFTZ will be quite different from those within the zone, the aim is to evaluate the PFTZ results and replicate the successful government mindset changes to the rest of China so that they can devise their own policy and administrative reforms.
Are you interested in taking advantage of these new reform measures, but unsure how to get started? Download our brand new white paper, Shanghai Pilot Free Trade Zone Reform Analysis, for an overview of the PFTZ, including:
- Trade facilitation changes from Customs and China Inspection and Quarantine (CIQ)
- Their impact on supply chain and compliance operations
- Amber Road's CTM solution as the enabler to take advantage of the new reform measures
Download this white paper to learn how you can take advantage of these new reform measures to simplify China trade operations!
Want to learn more about how our CTM solution can help you automate import and export processes for all China operations? Download our CTM brochure to find out more!
