Under the great potential of globalization, the development of Tianjin free trade zone provides a new opening media towards North China, Northeast Asia and the world.
When the investigation was made in Tianjin, premier of the State Council Li, Keqiang expressed that Tianjin will be turned into the "Pacesetter" & "leader" of northern regions and runs at the forefront of China during the new round of reform and opening. The development of Tianjin free trade zone will make a deeper foundation for broadening Chinese economic sphere and accumulating the experience of regional and multi - lateral cooperation. Tianjin free trade zone shall accelerate the standardization construction of investment & trade facilitation channels and make sufficient preparation for the negotiation between China and other countries.
Firstly, Tianjin is regarded a comprehensive port city as North's economic center and North area in China, which also is the point of intersection and logistics center around the economic center of Bohai area and Integration of the Beijing, Tianjin, and Hebei region integration. Tianjin can also become an important hub of North and south, east-west link communication on the inside, and its hinterland covered throughout northern 12 provinces and autonomous regions; it facing Northeast Asia on the outsides, which is the eastern starting point with connecting Eurasian Continental Bridge and north China.
Next, Tianjin is regarded as ranking forefront municipality directly under the central government with the top domestic GDP, the foundation of economic construction and financial industry prosperity has obvious advantages in china. It also is the one of the earliest city with Japan, South Korea economic and trade cooperation especially in the promotion of Tianjin, and also is the most densely populated cities in South Korea Investment enterprise nationwide, due to the frequent economic exchanges between Tianjin and other Asian economic giants, which becomes Tianjin model to create free trade area of the window providing favorable conditions.
Third, with the mature ancillary facilities, Tianjin port enjoys all the policies and functions of various opening areas in China, satisfying the developing demands of domestic and foreign investors at maximum. The top 500 enterprises worldwide already gathered in Tianjin free trade zone, highlighting agglomeration effects. The operation and facility of the renowned enterprises is quire perfect, such as Kerry EAS, OOCL, and "K" Line Zhenhua Logistics (Tianjin) Co., Ltd (KLZH) etc. Besides, with mature multi functions and a total area of nearly 30,000 squire meters, the new-built Haiwei Plaza will be put into use and make great preparation for international groups’moving in.
In the future, North and Northeast China will be coordinated with each other for international export and domestic import. The business will be further boosting. International advanced product, technologies, finance and other industries will surely bring in new changes for free trade zone as well as tend towards the international leading level. Tianjin free trade zone will promote the internationalization of the market in North China and finally successfully drive the economic take-off of Tianjin market and North China market.
