Coordination mechanism for FTZs set up
February 23, 2015 Category Foreign trade, Weekly
China will set up a joint session system to ensure better inter-department coordination on reforms in the country’s free trade zones (FTZs). To be led by the Ministry of Commerce (MOFCOM), the joint session will gather 30 state departments and units including the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology (MIIT), the People’s Bank of China (PBOC), the national regulators for banking, securities and insurance as well as customs and tax authorities. The joint sessions will coordinate reforms in the FTZs.
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