[Ningbo Free Trade Zone]
As a special customs supervision area,Ningbo Free Trade Zone（NFTZ） enjoys the special policies of “bonded tariff, tariff exemption, licenses exemption” and functions such as international trade, bonded logistics, processing and manufacturing, and bonded exhibition. It is the special economic area with the best policies and the most flexible mechanisms in mainland of China. It could seamlessly connect and replicate the experimentation results of the National Free Trade Zone.
NFTZ is leveraging the role of “pioneering, modeling, radiating, driving”. In 2013, Ningbo Municipal Party Committee and Ningbo Municipal Government supported its expanded functions and cross-regional development by establishing Ningbo Imported Commodity Exhibition Trade Center in Halls #9 and #10 and the Building B of Hall #11 of Ningbo International Convention and Exhibition Center and by building Ningbo Xiangbao Cooperation Zone（also named Ningbo Aerospace &Technology Town） in collaboration with Xiangshan County Government and CASIC.
From the date of establishment, NFTZ’s GDP is growing at 20% annually, and its fiscal revenue, international trade volume, and gross industrial output value have increased by nearly 30% annually. At present, more than 10,000 enterprises from over 60 countries and regions have settled in NFTZ.
In 2019, its gross production value reached 19.56 billion RMB, with a year on year increase of 4.0%; its fiscal revenue reached 6.82 billion RMB, with a year on year increase of 12.7%; its international trade volume reached 97.8 billion RMB, with a year on year increase of 9.4%; its gross industrial output value reached 32.76 billion RMB, with a year on year increase of 0.15%.