FTZ to open for foreign ship design firms

Shanghai: China’s State Council has released a new guidance for the entry regulations of foreign enterprises in the Shanghai Free Trade Zone (FTZ).

In the guidance, the government has allowed solely foreign-owned ship design enterprises to set up in the FTZ, to initially allow firms to start design business for cruise ships, yachts and ship cabins.

Shanghai FTZ is further opening up for foreign marine-related companies, having earlier allowed the entry of foreign shipmanagement companies. [29/09/14]

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