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6.Tianjin Port Free Trade Zone plays a positive role serving the economic development of North China
http://www.tj-summerdavos.cn    2008-09-18 17:09

After a 17-year development, the Tianjin PortFree Trade Zone, a highly open and specialeconomic zone, boasts an annual averageeconomic growth rate of 30 percent, playing animportant role of serving the economic developmentin circum-Bohai Bay area and even inNorth China at large.

The Tianjin Port Free Trade Zone was establishedin May of 1991 covering a developmentarea of 5 square kilometers. Integrated with fourmajor sectors of international trade, logistics,near-harbor processing and manufacturing andexhibition, the bonded zone is an importanteconomic zone and the biggest of its kind inNorth China that enjoys preferential customs,taxation and foreign exchange policies.

Supported by Beijing and Tianjin, the TianjinPort Free Trade Zone has influences on thehinder land of the areas of North-east China,North China and North-west China, offeringservices to the 13 provinces, municipalities andautonomous regions in the three areas. It alsohas commercial intercourses with more than100 countries and regions. Seventeen yearsafter its establishment, the bonded zone ison top of all the opening areas in terms of regionaleconomic growth with foreign contractinvestment totaling US$ 17.7 billion and foreigninvestment in place of US$ 7.4 billion. Thereare approximately 7,000 companies registeredand 82 enterprises among the World Top 500investing in the zone.

To meet the development and opening-up demandin the Binhai New Area, the Tianjin PortFree Trade Zone set up one by one the airportand harbor logistics manufacturing center,airport and harbor international logistics park,bonded logistics park, airport and harborbonded area and comprehensive bonded zone.The bonded zone develops to be a zone withthe most complete functions among all theopening-up zones in China.

The airport and harbor logistics processingmanufacturing center places emphasis on suchindustries as civil aviation, electronic information,R&D, headquarter economy and commercialculture. The first-stage infrastructure constructionof the center has been completed.About 1,000 companies have registered in thiscenter, including the general assembly line ofAirbus A320, Magna of Canada, Loupes Corporationof America, Zanussi of Italy, Caterpillarof America, and Toyota of Japan. Major projectssuch as National Civil Aviation Science &Technology Industrial Base, CAS industrial biotechnologyR&D Transformation Base and ZTEBase in North China are under construction.

It is planned that the Tianjin Port Free TradeZone and the airport and harbor logistics processingmanufacturing center are going to bebuilt into a bonded international logistic huband a R&D achievement transformation base,serving the North China region and the aerospaceindustry. It will be a first-class openinguparea with distinct industrial characteristics,prominent priority zone and high internationalizationlevel.


From:Enorth.com.cn    Editor: Zhao Jing
 
Preparatory & Coordination Committee of Annual Meeting of the New Champions 2008