Reference Significance of the Institutional Innovation and Mode of the Four Coastal Free Trade Areas for Inland Areas

The establishment of a free trade area has become a common choice of many countries in the world to expand the scope of opening up, solve regional economic problems and promote the overall development of economy.Based on the basic analysis of operation of the four coastal free trade areas in China and the comparative study of their regional advantages, this paper summarizes the institutional innovation and modes and valuable experiences of establishment of the existing free trade areas in China, explores how the central and western provinces and cities with great potential draw lessons from the construction experience of the existing free trade area, and proposes strategy suggestion and policy reference on construction of inland free trade area by referring the coastal free trade areas from the perspective of functional orientation, and mode selection.