Import & Export Value Reached 53.2 Billion Yuan in Wuhu FTZ Last Year

A few days ago, it was learned from the Administration of Wuhu Area of China (Anhui) Pilot Free Trade Zone that in 2022, steady progress was seen in the economic development of Wuhu Area, and the institutional innovation presented robust momentum. Wuhu Area has achieved remarkable results in terms of business attraction and talent recruitment, and improved quality and efficiency in the construction of open platforms. In addition, it has continued to deepen the reform of the examination and approval system. Last year, Wuhu Area contributed about 60% of the city’s import and export volume, 41% of foreign direct investment and 7% of new market entities.

In 2022, Wuhu Area achieved an import and export value of 53.2 billion yuan, a year-on-year increase of 38%. The number of newly registered companies was 2,449, a year-on-year increase of 30.7%. The actual utilization of foreign capital reached 100.86 million US dollars, and the growth rate of main economic indicators ranks first in three pilot free trade zones of Anhui province. Meanwhile, Wuhu Area gained 47 institutional innovations, including 5 national institutional innovations. One case was selected as one of the top ten reform cases in the province, three cases were selected as “Top Ten Institutional Innovation Cases in the Second Anniversary” and 24 cases were selected as provincial institutional innovation achievements. At present, 98 percent of the 100 pilot reform projects in Wuhu Area have been implemented, and 83 projects have made achievements.

In terms of project construction, in 2022, Wuhu Comprehensive Bonded Area implemented 21 signed projects, introduced Lalamove Digital Logistics Settlement Center in East China Region, and issued the first “network freight” road transport business license. A series of projects such as Xinyi International Trade Headquarters were signed to cultivate the advantages of production and export clusters in the whole industrial chain of glass and photovoltaic industries. In addition, an export base for complete sets of automobile parts was built, providing support for Chery to export 27,300 new vehicles and KD parts, with an export value of 2.46 billion yuan.

Wuhu Area has also taken the lead in promoting the reform of relatively centralized administrative licensing rights in Anhui province. The examination and approval of all empowerment items has been carried out independently, and “one seal for examination and approval” has been realized. The first integrated window of “non-differentiated acceptance” in the province set up in the comprehensive service hall of Wuhu Area, realizing “one-stop” processing of 382 administrative approval items.

Translated by Wang Mengxiao from Foreign Affairs Office of Wuhu Municipal People’s Government