Who Will Get Bonuses from the Reform ofChina (Tianjin) Pilot Free Trade Zone
The first China pilot free trade zone was launched two years ago in Shanghai. All walks of the society fully expected that the administrative approval system reform will make a breakthrough fromstreamlining administration & delegating more power to lower-level governments and negative list mode for creating an environment conductive to enterprises’ development and achieving the effects of the reversed transmission.
Two years later, China pilot free trade zones are developed in Guangdong, Fujian and Tianjin. However, people are still confused about pilot free trade zones. What are the daring attempts in those free trade zones? What changes have the enterprises in free trade zones taken place? We will take Tianjin free trade zone for an example.
Firstly, it is most convenient to make investment in Tianjin free trade zone. Tianjin bonded displaying transaction is quite different from other three free trade zones. What does the bonded displaying transaction mean? The imported commodities include the finished products processed and traded in Tianjin. After importing the bonded goods, in the displaying transaction procedures, the goods are firstly displayed and then the sellers pay taxes while the goods are purchased by the consumers. The sellers apply for goods’ customs clearance in batches rather than in each transaction. For the distributors, paying tax every month largely economizes the funds occupancy. It is an innovative method that the Customs and Inspection &quarantine department have created in the respect of trade facilitation. Recently, Haiwei Plaza, the first domestic storage, exhibition and trading center for international wines/spirits in free trade zone, will be officially put into use.
Tianjin port bonded zone is one part of Tianjin free trade zone. The trading center is located in No.315，Xingang Avenue, Tianjin port bonded zone. Meanwhile, the project is also the unique multi-functional integrated plaza in free trade zone for storage, office, exhibition, commerce and business. With the policy advantages of free trade zones and resourceful platform, Haiwei Plaza will surely become one highlight in the free trade zone and will provide domestic consumers with convenient purchasing channels.
Secondly, the division of free trade zones shows Tianjin free trade zone’s distinctive functions. Special markets, such as financing lease, bonded exhibition and business integration, will surely be developed in free trade zones. Enterprises in free trade zones will get benefits from the reform and then bring the benefits to consumers. Tianjin free trade zone is just approved as the pilot cross-border e-commerce, which undoubtedly provides the policy support for the entity platform of the global purchase. With the economy increasing and the income rising, in order to satisfy the material and cultural needs, global purchase taking place during China development has signified China has been a giant emerging market country from a production & processing country. With the growth of post-80s and post-90s generation, they will gradually become the social backbone and possess more and more advanced consumption concepts. It will be a wonderful time to promote the economic development.
The establishment of free trade zones provides opportunities for more enterprises and entrepreneurs. Haiwei Plaza will surely bring more bonuses.
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