Report highlights fortunes of Qianhai & Shekou FTA

Companies are finding it easier and more convenient to conduct trade in Shenzhen's Qianhai & Shekou Free Trade Area, but more effort is needed to make the region a core pivot of the Guangdong-Hong Kong-Macao Greater Bay Area, according to a research report.

The report said the level of trade in the area grew 5.85 percent last year according to the Qianhai & Shekou FTA Trade Facilitation Index, which rose to 0.8515 from 0.8044 in 2015.

The index was released by Institute for Free Trade Zone Research of Sun Yat-sen University in Guangzhou, southern Guangdong province, on Wednesday, as the FTA celebrated the second anniversary of its establishment.