BEIJING : According to Yu Bo, the new chairman of China Overseas Port Holding Company (COPHC), the Gwadar Free Zones in the China Pakistan Economic Corridor’s decade-long development are evolving into Export Industrial Parks. In his first interview, he stated that the Gwadar Port and Free Zones offer significant investment opportunities for investors from Pakistan and beyond. The policy framework and guiding principles governing Gwadar Port and Free Zones have been created and implemented with its geo-economic significance for transshipment in mind. The Gwadar Free Zones are not subject to provincial taxes, federal taxes, or customs duties, providing investors, especially those intending to engage in manufacturing, with favorable incentives to capitalize on.