Xinjiang Free-Trade Zone
The Xinjiang Free-Trade Zone in China, is located in the northwestern border region and spans an area of 179.66 square kilometers. It consists of three zones: Ürümqi, Kashgar, and Khorgos. This zone started its operation on November 1, 2023.
History
On October 21, 2023, State Council of the People's Republic of China released the Comprehensive Plan for the China Free Trade Zone. On November 1, 2023, the China Free Trade Zone was opened in Ürümqi, marking the commencement of its comprehensive construction phase. On December 5, 2023, the inauguration ceremony for the Khorgos Area of the Xinjiang Free Trade Zone took place at the sixth generation of the State Gates of Khorgos. A total of 26 firms executed contracts worth 20.95 billion yuan, encompassing sectors such as equipment manufacture, new energy, new materials, commerce and logistics, and finance. On June 24, 2024, the inaugural shipment of 10 tons of bonded aviation oil was successfully replenished into Uzbekistan My Freighter Airlines C6655, signifying the introduction of bonded aviation oil in the Xinjiang Free Trade Zone, which has emerged as a landmark initiative of the zone.On August 9, 2024, the inaugural cross-border transfer of 200 million tenge banknotes from the Khorgos Area of the Xinjiang Free Trade Zone was finalized at the China-HKSAR Khorgos International Border Cooperation Center. 2024 On November 15, 2024, Chairman Erkin Tuniyaz chaired the 82nd Executive Meeting of the 14th People's Government of the Xinjiang Uygur Autonomous Region, during which the List of Enabling Powers was reviewed and approved, designating the second batch of autonomous region-level economic and social management matters to be delegated to the Xinjiang Free Trade Zone. The second batch comprises 29 articles of authority concerning economic and social management at the autonomous region level.