Ningbo Free Trade Zone -- Development Plan -- Key Investment Orientation

Ningbo Free Trade Zone was approved by State Council on 19, Nov., 1992, vested with special policies of "Tax-free, Bonded tax and license-free". Its major function comprises export processing, foreign trade, bonded warehousing. So far, as the only Free Trade Zone in Zhejiang Province, Ningbo Free Trade Zone is among the regions with the highest level of openness in Mainland China.

Backed against the largest deep-water berth in Mainland China, Shanghai Ningbo Beilun Combo Port, adjacent to the "Golden Waterway", Yangtze River, supported by the economically developed Yangtze Delta Region, Ningbo Free Trade Zone boasts a highly favorable investment climate. Ningbo Free Trade Zone is within a stone's throw from Beilun Port and strategic alliance has demonstrated its momentum at the current stage. With a-half to 3-hour traffic circle stand 4 international airports and now direct customs-clearance vehicle system has linked Shanghai Pudong Airport with Ningbo Free Trade Zone. Through the green channel, logistics efficiency is greatly improved.

Ningbo Free Trade Zone has witnessed rapid development during the past decade. By the end of 2000, 0.26 billion RMB has been utilized for the purpose of infrastructure construction, with 0.96 million square meters developed, and basic utilities installed. Now, 3379 enterprises have set up their factories and offices in NFTZ, of which 500 enterprises are foreign funded with a total investment value hitting $1.08 billion, contractual foreign investment reaching $0.71 billion and factual investment amounting to $0.33 billion. In the year 2000 alone, NFTZ has realized its GDP ￥2.16 billion and import & export volume of $0.7 billion, of which $0.36 billion export-bounded. NFTZ has become the new economic growth point for Ningbo municipality with its special status as the main area for foreign investment absorption.

Aiming at the process of project-ratification, construction, and management, NFTZ has established economic service center, construction item service center, foreign investment service center and human resources service center with service agency system, 24-hour service system, time-limit service system in an effort to provide enterprises with whole-process, whole-perspective service on a toll-free basis.

In the past years, NFTZ is aiming at developing hi-tech industry and modern logistics, establishing electronics information park, semiconductor photoelectric park, international software park, overseas scholar pioneering park and modern logistics center. Of which overseas scholar pioneering park is ratified by State Science & Technology Ministry, Personnel Ministry and Education Ministry at State level. International software park, assisted by State Science & Technology Ministry Torch Center, is a State-level software export piloting base. The above-mentioned parks have introduced some 60 hi-tech enterprises with total investment exceeding $0.5 billion.

Pursuant to international practice, aiming at creating world-class investment climate, NFTZ welcome enterprises at home and abroad to invest and pursue a brighter future.

ADMINISTRATIVE COMMITTEE OF NINGBO FREETRADE ZONE
Add.: Free Trade Zone Mansion, Ningbo, P.R.C.
Post Code：315800
Tel.：86-574-86884850, 86880139
Fax：86-574-86883518
E-mail：nftz@nftz.gov.cn
Website：www.nftz.com

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Development Plan for Ningbo Free Trade Zone

Ningbo Free Trade Zone will take it as responsibility to further prosper regional economy and promote development of adjacent area's export-oriented economy, take full advantage of preferential policy granted by the state and bring it into full play, widely and flexibly cooperate with domestic and overseas businessmen according to international practice and socialist market economy and make great efforts to build Ningbo Free Trade Zone into a modern free trade and export processing zone with the characteristic of connecting domestic market with international market, a modern free trade & processing area with perfect facilities, complete function, considerable service and good economic benefit, an important export base as well as an international port and warehousing center of Zhejiang province.

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Key Investment Orientation

Ningbo Free Trade Zone encourages its enterprises to actively carry out such business as international trade, export-processing, bonded warehousing and other related service industries.
The export processing industries focus on: high-tech industries like electronics, telecommunications, biological engineering, refined chemicals etc. export-oriented traditional industries with advanced equipment like light industry, textile, food, machinery industries etc.
International Trades focus on: processing trade, transit trade and general commodity import and export business.
Bonded Warehousing industries focus on: reserve business for bulk production means and storage and warehousing for import & export commodities.

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