The State Council approved the establishment of the Guiyang Free Trade Zone (貴陽綜合保稅區) on September 14, 2013. The Guiyang FTZ is located in Baiyun district of the city with a total planning area of 10.83 square kilometers.
The Free Trade Zone, integrating functions of bonded export, bonded logistics and ports, has the most comprehensive functions and the best policies among all the special zones supervised by Customs in China.
While developing its three pillar industries of bonded processing, bonded logistics and bonded service, the zone also focuses on the realization of "three transformations": the transformation from processing trade to integration of processing trade and modern service industry; the transformation from factor-driven zone to combination of element-driven and innovation-driven; the transformation of the zone's focus from the traditional industries to both traditional and new high technology.
Many Fortune 500 companies have built their bases and branches here, including HP, Sinopharm Group, IZP, Isoftstone and UBS. They can promote the development of the healthcare, big data, international finance, service, leasing, agriculture and education industry of Guizhou.
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