The World Free Zone Organization to Set up Asia-Pacific Headquarters in Jiangdong New Area, Haikou

HAIKOU, China, Mar. 21, 2019 /Xinhua-AsiaNet/– The World Free Zone Organization (World FZO) chose to set up its Asia-Pacific headquarters in Haikou, which is one of the construction projects of Hainan pilot free trade zone (FTZ) (the third batch). The Asia-Pacific headquarters of World FZO is to be located at the zone for headquarters in the Jiangdong New Area, Haikou.

Registered in Geneva and headquartered in Dubai, the World Free Zone Organization (World FZO) has a profound global impact. The World FZO was launched by 14 FTZs including Shanghai Free Trade Zone and Dubai Airport Free Zone. The World FZO includes members from 100-odd countries and regions, and has established long-term and stable cooperation with many important international organizations, including the World Trade Organization (WTO).

Li Guanglian, Director General of the China Office of the World FZO, introduced that the World Free Zone Organization will settle in Haikou, to better support the development of China’s FTZs, especially Hainan FTZ and Hainan free trade port. It will provide related services for governments, enterprises and investors, support the development of related industries in China, strengthen liberalization and facilitation of bilateral investment, promote economic globalization, and develop Haikou into the gateway for China’s communication and cooperation with other parts of the world.

He added that, according to the plan, the Asia-Pacific headquarters of the World FZO will be the administration center for this region, and will also deal with some business of the Dubai headquarters. It will develop the hub for international free trade, and attract world’s major FTZs and related enterprises to set regional office here. A research institute on world free zones will be established, to do research and provide training on free zones, to establish standards for China’s FTZs, and to collect and compile data on China’s FTZs. It will cooperate with the universities, organizations and experts that have made in-depth research on FTZs, to establish the Hainan Open University for FTZ Organizations. A world media center on FTZs and an information hub will also be established. Efforts will also be made to found the World FTZ (China) Forum in Haikou permanently, and to establish the FTZ Development Fund.

Source: The Municipal Government of Haikou City