What is a free trade zone? Generally speaking, a free trade zone is to set aside a specific area outside the customs territory of a sovereign country or region, allowing foreign goods to enter and leave freely without imposing tariffs, of which tax exemption is the greatest benefit to enterprises.
For Xiangyang citizens, the biggest convenience after the establishment of the Free Trade Zone is to buy imported goods. It is reported that Xiangyang will vigorously develop cross-border electronic commerce around the Free Trade Zone, establish an import and export commodity trading center in the central region, and carry out the exhibition, storage and distribution of automobiles, advanced equipment, fast-moving consumer goods, luxury goods, fresh food, imported fruits, red wine and other commodities.
Wuhan Oriental Goode Trading Co., Ltd. opened a global free trade center supermarket in Xiangyang, involving imported food, daily necessities, maternal and child supplies and so on. Zhang Peng, chairman of the company, said that before the establishment of the Free Trade Zone, imported goods had to go through customs clearance in Shanghai, Tianjin and Ningbo, and the logistics cost was high, which led to an increase in commodity prices. After the establishment of Xiangyang Free Trade Zone, it will greatly shorten the customs clearance time of imported goods, save costs, and let citizens buy imported goods at the price of 10% to 30%. At the same time, citizens can also use the cross-border e-commerce platform to directly "Haitao". With the development of cross-border electronic commerce in this area, the government is establishing corresponding support systems such as customs supervision, inspection and quarantine, tax refund, cross-border payment and logistics express delivery. Consumers place orders online, and overseas goods can be delivered directly to consumers through logistics, and the price is cheaper.
According to reports, the free trade zone enjoys simplified procedures, preferential import and export tax policies, and can also introduce a number of financial policies according to actual conditions, which is more innovative. The free trade zone will become a hot spot for college students and emerging Internet of Things enterprises. In this regard, Tang Jun, secretary of the Party Committee of hubei university of arts and science, said that the establishment of the Free Trade Zone has brought a broader field of employment to local students in Xiangyang, and the school will further connect with Xiangyang Free Trade Zone in terms of specialty setting, make full use of the free trade zone platform, and expand the field of employment for students.
It is also known that after the establishment of the Free Trade Zone, citizens who like to travel abroad will have more choices. Foreign-funded travel agencies can enjoy free trade zone tax concessions when they enter the free trade zone. In addition, foreign-funded travel agencies can obtain the qualification of outbound travel more conveniently, and have the advantages of network, management, brand, capital, etc., and the prices of products launched will be more advantageous, and citizens can choose more tourist routes.