Introduction：This paper discusses the Shanghai Free Trade zone (more accurately the China (Shanghai)Pilot Free Trade Zone (SPFTZ)) one year after its introduction. Launched on 29 September2013, the SPFTZ is more than a traditional ‘free trade area’,and more a trial zone forChina’s new opening and reform strategy. It is a unilateral set of measures and procedures
relating to a small area in Shanghai, which has promised liberalisation of the capital account
and trade facilitation as its main objectives. Relatively little has been written in English aboutthe SPFTZ, and so in part we describe and document. Importantly, the SPFTZ is not a free
trade area based on bilateral or plurilateral tariff liberalisation.
2016_The China (Shanghai) Pilot Free Trade Zone_The World Economy.pdf
