Covering just one percent of Tianjin’s whole area, Tianjin Pilot Free Trade Zone produces one tenth of the port municipality’s GDP and last year accounted for one third of its foreign trade import and export volume
The Dongjiang comprehensive bonded area, one of the three core parts of Tianjin Free Trade Port Zone, is a pioneer in reform and economic opening-up designed to attract new growth drivers.
Tianjin Port saw its foreign trade increase by 23.8 percent year on year to more than 73.2 billion yuan (nearly $10.5 billion) in June, local authorities said.
Tianjin Dongjiang Free Trade Port Zone has been introducing new services and functions since being upgraded as one of the four comprehensive bonded areas in the port city by the State Council.
Workers are busy converting and maintaining airplanes at Tianjin Haite Aircraft Engineering Company, located in Tianjin Airport Area, one of the three key parts of the Tianjin Pilot Free Trade Zone.
Tianjin Binhai CBD Area, one of three core parts of the Tianjin Pilot Free Trade Zone, is optimizing its business environment and facilitating financing of SMEs, especially for work resumption after the virus outbreak.
The Dongjiang Free Trade Port Zone, one of three core parts of the Tianjin Pilot Free Trade Zone, is the world's second largest airplane leasing market behind that of Ireland.
Tianjin has been ranked 20th among global shipping centers and 6th among mainland Chinese ports in the newly released Xinhua-Baltic Exchange International Shipping Center Development Index.
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