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 Port Dongjiang Area, the world's second largest airplane leasing market behind that of Ireland, is also expanding rapidly in the fields of medical equipment, rail transportation and electrical equipment.
Tianjin Pilot Free Trade Zone focuses on the development of international trade incommodity display and transaction, distribution, headquarters settlement, and the construction of trade facilitation platform.
Tianjin Pilot Free Trade Zone has made innovations in many fields, such as cross-border investment, financing, asset securitization, crowd-funding, REITs funds, share-holding platforms, Sun private funds, sector funds, and merger acquisition funds, with many successful cases.
The port city is the sea gate of the Beijing-Tianjin-Hebei region, meeting point of the Belt and Road, and important stop on the New Eurasian Continental Bridge Economic Corridor.