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Tianjin Port Free Trade Zone (including Tianjin Free Trade Logistics Park)
China Knowledge Press, June 2011, Pages: 25
Tianjin Port Free Trade Zone (Tianjin Port FTZ) rated “AA” by China Knowledge in a research report on China’s industrial real estate published today. The FTZ was established by the State Council in 1991 and has an area of 5 sq km. The Tianjin Free Trade Logistics Park (Tianjin FTLP) was set up in Tianjin Port FTZ in 2004 and has an area of 1.5 sq km.
Tianjin Port FTZ is located in Tianjin Port Area, 1 km from the berths, 30 km from downtown Tianjin, 38 km from Tianjin Binhai International Airport, 140 km from downtown Beijing and 145 km from Beijing Capital International Airport. The Beijing-Tianjin-Tanggu Expressway passes through Tianjin Port FTZ. The zone also has rail links to the nation’s major railway networks.
Tianjin FTLP is located in the northeastern area of Tianjin Port FTZ, adjacent to the container docks of Tianjin Port. Tianjin Port is a major cargo port. Cargo from Beijing, North China and Northwest China for delivery to other countries or to coastal regions of China is usually loaded in Tianjin Port. In 2010, the port’s cargo throughput reached 413 million tons, ranking third in China after Shanghai and Ningbo.
The FTZ’s main functions are international trade, port processing, logistics and distribution, and product exhibition and sales. Industries encouraged include oil products, electronics, machinery and automobiles.
By the end of 2010, there were over 9,000 companies in Tianjin Port FTZ, of which more than 60 were Fortune 500 enterprises. Major investors include COFCO, Sumitomo, Samsung, Honeywell, Sinopec, DaimlerChrysler, Itochu, General Motors, Mitsubishi, Daiei and Henkel.
Due to the FTZ’s ideal transportation system and strong demand for cargo transportation, many logistics companies have also established a presence in the zone. They include UPS, Mediterranean Shipping, Maersk, YCH, Orient Overseas Container Line and Kerry.
Industrial parks rated AA are highly attractive and are highly recommended. However, in comparison with industrial parks given the AAA rating, these industrial parks still lag behind in some areas. The most typical disadvantage is the smaller economic size as reflected in the GDP or FDI, high investment costs and limited land resources. Together with AAA-rated industrial parks, these industrial parks are considered first-tier. There are 24 with “AA” rating among 254 national or municipal level industrial parks rated by China Knowledge since 2003.
COFCO, Sumitomo, Samsung, Honeywell, Sinopec, DaimlerChrysler, Itochu, General Motors, Mitsubishi, Daiei and Henke;