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BEIJING (China Daily/ANN): China will encourage its pilot free trade zones (FTZs) and comprehensive bonded areas to build global supply warehouses and transportation hubs during the 14th Five-Year Plan period (2021-25), in order to spur new forms and models of foreign trade, a government official said on Tuesday (July 27). With China and its partners pushing for the Regional Comprehensive Economic Partnership agreement to become effective next year and preparing to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, it is vital for the country to establish such facilities in these zones, as well as the Hainan Free Trade Port, said Li Kuiwen, director-general of the General Administration of Customs statistics and analysis department.

South koreaRepublic of koreaLuo renjianLi kuiwenChina daily asia news networkNational developmentAdministration of customsRegional comprehensive economic partnershipPacific partnershipChina state railway group co ltdReform commission institute of transportation researchMinistry of commerceFive year planProgressive agreementTrans pacific partnershipHainan free trade port