Location map of Nantong Free Trade Zone [Photo/ntftz.com]
Set up in January 2013 on the approval of the State Council, Nantong Free Trade Zone covers an area of 5.29 square kilometers. The zone, which is located in East China's Jiangsu province, is divided into two parks: Park A and Park B.
Park A covers 1.5 sq km in the former Nantong export processing zone located in the center of Nantong Economic and Technological Development Area (NETDA).
Park B, only 2 km from Sutong Bridge, takes up 3.8 sq km adjacent to the planned container dock which will have an annual handling capacity of 2 million twenty-foot container equivalent units (TEU).
The zone features nine functions: bonded processing, port operation, bonded warehousing, international procurement and distribution, entre port trade, research and development, inspection and maintenance, exhibition, and foreign trade.
In spring 2018, construction started on 34 major projects at Nantong Export Processing Zone with their overall investment reaching 20.74 billion yuan ($3 billion).
In the first half of 2018, newly registered foreign investment of the area totaled $870 million, up 102 percent year-on-year, with actual utilization of foreign capital reaching $420 million, up 47 percent year-on-year.
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