China (Shandong) Pilot Free Trade Zone Qingdao Area

Qingdao Area of Shandong Pilot Free Trade Zone. [Photo/IC]

Shandong Pilot Free Trade Zone was approved by the State Council on Aug 26, 2019. With a total area of 119.98 square kilometers, the Shandong pilot FTZ covers three areas, including Jinan, Qingdao and Yantai. Qingdao Area, of 52 sq km, is located in Qingdao West Coast New Area and incorporates 9.12 sq km of the Qingdao Qianwan Free Trade Port Zone and 2.01 sq km of the Qingdao West Coast Bonded Area. Qingdao Area will prioritize modern marine industries, foreign trade, shipping logistics, modern finance and advanced manufacturing to emerge as an international shipping hub in Northeast Asia, a major innovation center in China’s eastern coastal areas and an important coastal city in China.