The establishment of tax-free mutual trade zones can bring multiple benefits to the economic development of participating countries. First of all, all taxes and fees in commerce and trade are exempted, and enterprises are strongly encouraged to increase investment, improve production capacity and quality, and accelerate technological progress and innovation; Secondly, promote the coordinated development of regional economy, strengthen mutually beneficial cooperation among countries, promote the balanced development of bilateral and multilateral trade, eliminate trade barriers, expand market space and enhance external competitiveness; Finally, it also plays an important role in promoting the diversification of local service industry, increasing the added value of products and promoting trademarks, standards and intellectual property rights.
3. Duty-free free trade zones have gradually gained widespread attention and promotion around the world, which is expected to become a new way for developing countries to accelerate economic development, adjust industrial structure and maintain trade balance. China adheres to the road of open development, continues to promote the establishment of a free trade zone and three tax-free mutual trade zones, actively explores the establishment of multilateral, bilateral and off-site cooperation modes, strengthens regional ties and cooperation, and makes positive contributions to its own economic development and global economic growth. 3. Duty-free mutual trade zones play an important role in promoting global economic development and realizing * * * win-win and * * enjoyment.