Qingdao Free Trade Zone
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Established on November 19, 1992 under the approval of the State Council, the Qingdao Free Trade Zone is one of the 15 free trade zones in China and the only one in Shandong Province and the Yellow River region. A series of preferential policies are in force in the zone including tax exemption and bonded warehousing. The QFTZ covers an area of 3.8 square kilometers in which international practices are adopted. The main commercial and business interests operating in the zone include international logistics, international trade, export processing, bonded warehousing and commodities exhibition. Centering round the move westbound of the economic center, and on the basis of cooperation with Qianwan Port, QFTZ will focus on the establishment of four operational areas; namely, bonded-warehousing backed by international materials sourcing and distribution, port-supported import and export processing, foreign-trade-based free trade, and international scientific and technological incubation. Emphasis will also be placed on the construction of an international distribution center, an international procurement center and a high-tech-based manufacturing center, contributing to the development of a modern international logistics center in northeast Asia. After ten years of development, the QFTZ is now a new hot spot for domestic and overseas investors. Investors from 40 countries and regions and over 20 provinces and municipalities have established more than 2,000 business projects in the QFTZ, including over 820 Chinese-foreign joint venture enterprises, involving a total FDI of US$1.2 billion. International companies including Itochu, Sumitomo, Mitsubishi, Nissho Iwai, Marubeni, National, Fuso, Lucent and Degussa have set up businesses here. Qingdao Free Trade Zone Administrative Committee Add: 611 Jiangshan Nanlu, Qingdao Postcode: 266555 Tel: 0532-86768620 Website: http://www.qdftz.com/ (Chinese) Related Links: Qingdao Economic & Technical Development Zone Qingdao Hi-Tech Industrial Development Zone
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