CFTA offers the combination of five preferential policies.
Tax and regulatory policies on import and export
foreign goods will be bonded when in the port
tax on domestic goods will be refunded when in the port
No VAT or consumption tax on exchange of goods inside the port area.
Tax incentives
15% corporate income tax
40% of local-government-retained part of the corporate income tax will be exempted for the first two years and halved for the next three years.
Preferential policies of the Western Development Strategy
Preferential policies for pilot zones for Comprehensive Reform of Balanced Urban-Rural Development
Preferential policies of Chongqing Municipality
Preferential policies of CLNA
Preferential policies of CFTA to support industrial development