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Shanghai Daily News Digest

Waigaoqiao, Lingang ink agreement to boost offshore business   2022-03-18

 

 

The Waigaoqiao Bonded Area and the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone on March 8&\\;nbsp\\;signed&\\;nbsp\\;an agreement to share resources in offshore business, enhancing cooperation on developing&\\;nbsp\\;their offshore business.According to the agreement, the two parties will build an offshore trade service model, and form a long-term cooperation mechanism for the development of offshore trade between the two areas, to&\\;nbsp\\;lay a solid foundation for accelerating the agglomeration of offshore trade industries.The Lingang New Area, set up in 2019&\\;nbsp\\;as part of the FTZ, is designed to create a cluster of multinational headquarters to develop deeper international trade.

 


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