[photopress:zone_FETZ_1.jpg,full,alignright]Fuzhou Economic and Technical Development Zone (which we will refer to as FETDZ in the interests of brevity) started in January, 1985 and was one of the first state-class economic-technological development areas in the country.
It is in Fuzhou, the capital of Fujian province and reaches to the outlet of Min River and covers about 23 square kilometers.
Uniquely it is an Export Processing Zone, Free Trade zone, Taiwanese investing zone and high-tech Park. It is the only one ot its kind which manages to be all of those.
In Aug. 1996, the Ministry of Communication selected the FETDZ-based Fuzhou port as the pilot port for direct shipping across the Taiwan Straits. WHich means that the current signs of an easing of relationships with Taiway suggest the Fuzhou may be due for a major spurt of growth.
[photopress:zone_FETZ2.jpg,full,alignleft]There are currently over 30 countries and regions in the world represented in the FETDZ which mainly focuses on electronics, photoelectric machinery and electronic instruments, biochemical pharmacy, machinery, metallurgy, building materials, textile and other light industries.
Now further efforts for development will be made to extend the service field to include trade, tourism, transportation and finance and possibly modern agriculture.
Its unique advantage is that it is the nearest zone on the mainland to Taiwan.
Mawei, the seat of FETDZ administration, is a district consisting of two towns and one avenue, an area of 174 square kilometers with a population of 82,000. The FETDZ administrative committee is granted the authority for management, examination and approval of foreign-funded projects.
FETDZ is very clear on the advantages from its vicinity to Taiwan will become increasingly obvious as people on either side of the Taiwan Straits further enhance their economic relations and trade contacts.
Source: FETDZ
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