Ningbo Free Trade Zone
-- Development Plan
-- Key Investment Orientation
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.
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
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.
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.
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
to international practice, aiming at creating world-class investment climate,
NFTZ welcome enterprises at home and abroad to invest and pursue a brighter future.
COMMITTEE OF NINGBO FREETRADE ZONE
Add.: Free Trade Zone Mansion, Ningbo, P.R.C.
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.
Key Investment Orientation
Free Trade Zone encourages its enterprises to actively carry out such business
as international trade, export-processing, bonded warehousing and other related
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.