"Invest in China" Special Event Highlighting Pilot Free Trade Zones was held in Shanghai, organized by the Ministry of Commerce of China, as part of the 7th Hongqiao International Economic Forum.
Tang Wenhong, Assistant Minister of Commerce, emphasized that Pilot Free Trade Zones (PFTZs) are at the forefront of China's reform and opening-up efforts, demonstrating the country's commitment to wider economic integration.
Cecilia Ugaz Estrada, Deputy to the Director General of UNIDO, praised the transformative power of PFTZs, noting their role in fostering a liberalized trade and investment environment conducive to innovation and industrial growth.
Joseph Romanelli, President of MSD's Human Health International, expressed MSD's commitment to collaborating with PFTZs, exploring new avenues in the biopharmaceutical sector, and contributing to global industry growth.
The event showcased the progress of key industries in nine PFTZs along the Yangtze River Economic Belt. These zones jointly announced an initiative to enhance interactive development, aligning with national strategies and promoting high-level openness.
The gathering provided an opportunity for deeper collaboration between businesses, associations, and PFTZs, aiming to elevate the standards of these zones and drive the high-quality development of the Yangtze River Economic Belt.
