Seminar on Institutional Innovation of Free Trade Zones for Foreign-funded Enterprises was Held

Recently, the seminar and exchange meeting on institutional innovation of Anhui Free Trade Zone for foreign-invested enterprises in Wuhu Area was held. Executives of 36 foreign-invested enterprises and leaders of Foreign Affairs Office, Wuhu Free Trade Office, Investment Promotion Center and other relevant municipal departments attended the meeting.

At the symposium, directors of Wuhu Free Trade Office introduced the development and relevant institutional innovation of the free trade area, and Municipal Foreign Affairs Office recommended the APEC Business travel card to help enterprises “go abroad“. The representatives of entrepreneurs at the meeting put forward their opinions and suggestions on corporate operation, the existing difficulties, the next development plan and the situation of foreign investment. Responsible persons of relevant county (city), district and municipal direct departments responded to the appeals one by one.

The reporter learned from Municipal Investment Promotion Center that with the construction of the free trade zone, Wuhu‘s opening up and sino-foreign cooperation have reached a new level. At present, there are 485 foreign-funded enterprises in the city with a total investment of about 12.97 billion US dollars. From January to October this year, there were 23 signed and registered foreign-funded enterprises, and 15 foreign-funded projects were started. The actual utilization of foreign capital was about 2.66 billion US dollars.

 Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government