It is similar to the free trade zone established in Hong Kong i.e. the business model that is established in Shanghai FTZ is similar to the business model employed in the Hongkong Free Trade Zone. It has its rules similar to the commercial inclinations of the global markets. It has four main zones they are Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. This region is around thirty acres of land. There are many new innovative business models tested in this area. The successful business model is implemented in many areas of the country. It has been predominately created by the Chinese government for China to establish itself in the global markets. Many new products are also launched in this area. This is an experimental project established by the government. It has been largely a progressive venture. The analyst predictions for this venture have been largely positive. It can be expected that in the future more such successful business models will be developed throughout the country. The development of such ventures will surely aid China to reach new levels of growth.
The SHIAC or the Shanghai International Economic and Trade Arbitration Commission founded in the year 1988 is a international, independent professional set up that enforced arbitration decisions in more than 40 Jurisdictions. The SHIAC has extended serviced to establish the Shanghai Pilot Free Trade Zone FTZ’s Court of Arbitration or the FTZ Court of Arbitration. Procedural consulting, case registration and other oral hearings will be entertained in this court.