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Advantages in Tianjin Port Free Trade Zone
enorth.com.cn   2006-08-26 22:59

 

Geographical advantages

Tianjin Port Free Trade Zone covers an area of 5 square kilometers, is located inside Tianjin port. It is 30 kilometers from Tianjin city proper, 140 kilometers from the city of Beijing, less than 1 kilometer away from the wharf and only 38 kilometers away from Tianjin Binhai International Airport. Tianjin Port Free Trade Zone is linked with the Beijing-Tianjin-Tanggu Express Way and the trunk railway lines of the country and has its own railway network and can there fore offer diverse modes of transport of goods by sea, land, air and rail.

Functional advantages

Tianjin Port Free Trade Zone is authorized by the Central Government to carry out the 4 functions comprising the promotion of international trade, organization of processing trade, distribution of goods and services and the conduct of commodity fairs .As a result ,investors at both home and abroad are encouraged to set up enterprises with various kinds of ownership structures to engage in international logistic services, processing and manufacturing, international trade, scientific and technological research and development, and organizing of commodities fairs in the zone.

International logistics functions

As a ^fast track ̄ for freight of any nationality, Tianjin Port Free Trade Zone has played an exemplary role in fostering the modern logistics industry. In accordance with the favorable policies granted by the Central Government there is no freight impost between the Free Trade Zone and foreign countries and no limitation on the time for storage of cargoes. Tianjin Port Free Trade Zone offers around-the-clock customs clearance services and fast and efficient inspection and quarantine procedures. Cargoes transported between the seaport and the airport and Tianjin Port Free Trade Zone enjoy direct delivery and clearance and may enter the zone in bulk and leave the zone in batches. Incoming cargoes will enjoy immediate distribution and delivery service and concentrated customs clearance procedures, thus reducing the time taken for business dealings, quickening the capital turnover and lowering the transaction costs. All these factors combine to create a modern and all-new logistic services mode integrating goods storage, distribution and delivery functions.

International trade functions

As a link between international and domestic markets, Tianjin Port Free Trade Zone is always willing to explore new means of organization and new markets for international trade. Tianjin Port Free Trade Zone is one of the first in China to introduce the market access system and provide freer trade policies. Therefore, the enterprises that are registered in Tianjin Port Free Trade Zone may engage in import and export trade, warehousing, transit trade or any other type of business in international trade. The enterprises can benefit from the Tianjin Port Free Trade Zone's exclusive and preferential policies. They can take advantage of the gaps between different localities and the differences in time, prices and exchange rates to find the most favorable consumer country, seize the best sales opportunity and employ the best marketing strategies to enable them to sell their products in various markets and different areas extremely quickly and efficiently. The ideal conditions available in Tianjin Port Free Trade Zone for cargo storage, transport and product sales means the enterprises can expect to achieve the best economic returns.

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Editor: Zhang Jialu
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