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2016 | OriginalPaper | Chapter

11. Development of Shanghai’s Free Trade Zone Logistics

Authors : Wei Yan, Ling Wang

Published in: Contemporary Logistics in China

Publisher: Springer Berlin Heidelberg

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Abstract

In response to the new trends in the development of global economy and trade, and to promote the new round of reform and opening-up, China’s Central Government approved the establishing of the China (Shanghai) Pilot Free Trade Zone. Unlike other traditional free trade zones targeting on manufacturing industry and commodity trading, the Shanghai Free Trade Zone is specialized in the opening of the service industry, including seaports, airports, trading, manufacturing, warehousing, etc.

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Footnotes
1
“First-tier” refers to the direct passage between the Free Trade Zone and overseas. “Open up the first-tier” means cargoes from overseas are allowed to move into the Free Trade Zone freely without the supervision of the Customs; same for the reverse movement. “Second-tier” refers to the passage between the Free Trade Zone and areas under the supervision of the Customs. “Control the second-tier” means cargoes in Free Trade Zone moving into the non-Free Trade Zone are subject to the supervision of the local Customs according to local regulations and taxation policies, same for the reverse movement.
 
2
“Separate deliveries and single customs clearance” means cargoes are delivered in separate batches and the customs clearance can be done collectively at one time. “Self-arranged transportation” means enterprises may choose to use whatever vehicles which suit their transportation needs.
 
Literature
go back to reference Sun Like (2014) Full blossom of free trade zone and logistics industry. China traffic report, Jan 16 2014 Sun Like (2014) Full blossom of free trade zone and logistics industry. China traffic report, Jan 16 2014
Metadata
Title
Development of Shanghai’s Free Trade Zone Logistics
Authors
Wei Yan
Ling Wang
Copyright Year
2016
Publisher
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-662-47721-2_11