Investors are welcome, according to the Heilongjiang Free Trade Zone

China’s northernmost free trade area, the China Pilot Free Trade Area (Heilongjiang), invites global participation to share its common growth and regional strengths.

Boasting a total area of ​​119.85 square kilometers, the free zone comprises three distinct zones: one in the capital of Heilongjiang, Harbin, and the other two in the cities of Heihe and Suifenhe on the Sino-Russian border.

Since opening in August 2019, the area has become a “bridgehead” for China’s opening up to Russia and Northeast Asia, and business opportunities abound, committee member Wang Yongkang said. CPC Heilongjiang Committee Standing and Vice Governor.

Wang was addressing an event in Shanghai co-hosted by the Heilongjiang Provincial Department of Commerce, Heilongjiang FTZ and PricewaterhouseCoopers.

The zone accelerates the construction of import and export processing bases with Russia, expands imports of oil and gas, timber, coal, potassium fertilizers, foodstuffs and others, and strengthens development and construction of 15 parks abroad.

The Harbin subzone, located on the banks of the Songhua River which forms a large part of the Sino-Russian border, has formed an industrial system represented by new materials, biomedicine, high-end equipment, tourism of ice and snow, next-generation information technology and the satellite industry, said Wang.

The Heihe sub-region is strong in sectors such as cross-border e-commerce and logistics, cross-border processing of agricultural products, healthcare and cultural tourism, while the Suifenhe sub-region excels in cross-border processing. timber, processing imports of grain and Chinese products. herbal medicines, as well as the use of imported clean energy.

Over the past two years, the pilot zone has issued 31 supporting documents and more than 420 liberalization policies and has accelerated its capacity for innovation. The reform measures have streamlined the approval processes, thus helping to attract a significant amount of investment.

In the past two years, the Heilongjiang Free Trade Zone has contributed more than an eighth of the province’s foreign trade with only 0.3% of the province’s area.

In 2020, its total foreign trade volume reached 20.49 billion yuan ($ 3.2 billion), an increase of 12.8% year-on-year, and in the first three quarters of this year, the figure was 19.6 billion yuan, or 13.5 billion yuan. percent of the province’s total import and export volume.