A sub-forum themed "Pilot Free Trade Zones (FTZ): Opportunities and Challenges" was held On December 7 during the 2017 Fortune Global Forum in Guangzhou.
The sub-forum attracted about 200 officials and representatives from Global 500 enterprises and leading players in industries, academia and trade associations.
A sub-forum themed "Pilot Free Trade Zones (FTZ): Opportunities and Challenges" was held On December 7 during the 2017 Fortune Global Forum in Guangzhou. [Photo provided to Newsgd.com]
During the sub-forum, a panel discussion was conducted, focusing on FTZ and its effects on building open economy, cross-border e-commerce and financial innovation.
Stefan Oschmann, Chairman and CEO of Merck, said they have established a branch in Shanghai FTZ, and would set up a R&D center in Nansha FTZ soon in the future. “The FTZ tightened our connections with clients. As we all registered here, we are closer in the distance and easier to build trust.”
Matthew Price, Chairman of the Board and President of P&G Greater China, unveiled that they have set up businesses in the FTZs, and found the FTZs convenient and facilitate their trade business. They hoped the FTZ could grow larger in scale and offer more innovative policies that could further the open economy.
The sub-forum was sponsored by Guangzhou Municipal Government and hosted by Administrative Committee of China (Guangdong) Pilot Free Trade Zone Nansha Area of Guangzhou.