July 08, 2021

FTZ deal to boost biopharma industry

Shanghai Waigaoqiao International Trading Operating Center Co, a subsidiary of Shanghai Waigaoqiao Free Trade Zone Group Co, signed a strategic cooperation agreement with the Shanghai High-End Medical Equipment Innovation Center recently to develop the standard and trade facilitation of the biopharmaceutical industry.

The center, established by the University of Shanghai for Science and Technology, is Shanghai’s only innovation center of the medical device industry with a large number of talents and industry and clinical resources.

The cooperation will be based on related resources and experiences of the Shanghai Waigaoqiao Free Trade Zone, especially the medical device trade service platform i-SPACE, and talents and scientific research of the university.

They will promote the development of research, production, import and export trade and service of the industry and enhance the international cooperation with the countries along the Belt and Road.