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On January 24, the Provincial Department of Commerce held a symposium on overseas economic and trade cooperation zones, and at the same time carried out the evaluation of overseas economic and trade cooperation zones in 2021, reviewing the work of overseas parks in the past year. About 46 people attended the meeting, including the heads of the Foreign Economic Affairs Department, Finance Department and Development Zone Division of the Provincial Department of Commerce, the heads of the Foreign Economic Affairs Business of the Commerce Bureaus of Hangzhou, Ningbo, Wenzhou, Shaoxing and Yiwu, the Provincial International Investment Promotion Center and the Provincial Association of Overseas Investment Enterprises, and the heads of the business offices of financial institutions such as Zhejiang Branch of China Development Bank, Zhejiang Branch of Export-Import Bank of China, Zhejiang Branch of China Credit Insurance Corporation and Bank of China Zhejiang Branch. Zhu Jun, member of the leading party group of the Provincial Department of Commerce and chief economist, attended the event and delivered a speech.
At the evaluation meeting, the responsible persons of 4 national-level parks, 12 provincial-level parks and 2 newly declared parks introduced the operation in 2021. At the symposium, overseas companies of Holley Group demonstrated the digital management platform of overseas parks, and various home districts and participating financial institutions made exchange speeches.
In his speech, Chief Economist Zhu Jun affirmed the achievements of the construction and development of overseas parks in Zhejiang Province in 2021, and summarized the three highlights of last year’s work: overcoming the adverse impact of the epidemic and steadily advancing the construction of parks; Actively respond to economic and trade frictions and provide a landing platform for “going out” enterprises; Effectively resolved risks, and no major epidemic-related and security risk incidents occurred.
By the end of 2021, there were 16 overseas economic and trade cooperation zones in Zhejiang Province, with a cumulative investment of US$17.7 billion (including US$4.343 billion in infrastructure construction), a total of 640 enterprises in the park, a cumulative investment of US$13.4 billion, an annual tax payment of about US$500 million in the local area, and 58,500 local jobs. In terms of regional layout, a new pattern of overseas economic and trade cooperation zones running through countries along the “Belt and Road” and taking into account Europe and the United States has been initially formed. In terms of park types, Zhejiang has built all six types of overseas parks, including processing and manufacturing, trade logistics, and scientific and technological research and development. The construction of overseas parks in Zhejiang is still at the forefront of the country.
At the same time, Zhu Jun pointed out the importance of the development of overseas parks, and the 2022 provincial government work report proposed to “optimize the layout of overseas economic and trade cooperation zones”, which put forward new requirements for the development of overseas parks. As an important platform for our province to participate in the construction of the “Belt and Road”, overseas economic and trade cooperation zones are an important starting point for improving the province’s global resource allocation capacity and helping to ensure the supply of international circulation. In order to optimize the layout of overseas economic and trade cooperation zones, the park is used as a hub for internal and external connections and a fulcrum for dual-cycle development, and a source of high-level foreign investment is created.
He stressed that it is necessary to focus on the following four aspects of work: First, steadily promote the construction and development of the park in accordance with the principle of marketization. With large investment, long cycle and high risk, in the face of difficulties in the construction of overseas parks, it is an important method to promote the construction of parks in stages in accordance with the principle of marketization. Before the project is promoted, due diligence should be done to ensure the commercial sustainability of the project, and the construction of the park should be steadily promoted in the mode of rolling development, so as to alleviate the financial pressure of the enterprise itself. Second, the park strengthens international cooperation. Finding excellent local partners to participate in the development of overseas parks is a successful experience in the construction of overseas parks, and Holley’s two overseas parks are examples of international cooperation. At the same time, strengthen tripartite cooperation and actively publicize and promote. Third, each park should comprehensively improve its operational capabilities. Improve risk response and compliance capabilities; Enhance service capabilities; Play a leading role. The fourth is to integrate resources and optimize services. Give full play to the role of the Zhejiang Province Overseas Economic and Trade Cooperation Zone Development Alliance, build a digital platform for the management and service of overseas parks in the province, graft service resources, further give full play to the advantages of overseas economic and trade cooperation zones in strengthening international production capacity cooperation and the global layout of the value chain, help enterprises go overseas in groups, and reduce the costs and risks of enterprises “going out”. At the same time, it is also hoped that financial institutions can strengthen their support for overseas parks in our province; The municipal bureaus of commerce have increased policy support and comprehensive services to promote the competitiveness and high-quality development of overseas parks in our province.
(Courtesy of Foreign Investment and Economic Cooperation Office)