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Qingdao Press Conference of ‘China-Korea FTA’ coverage activity held

2015/9/15 14:32:30   source:sdchina.com

  

  Qingdao Press Conference of “Shandong Goes Ahead in the China-Korea FTA” coverage activity was held On September 15.

  Gao Jian, vice director of Qingdao Qianwan Free Trade Port Area Management Committee, gave a brief introduction of the port.

  Guo Jian, deputy head of Qingdao Bureau of Commerce introduced the trade and economic communication with South Korea.

  Wang Zhengdu, vice director of the Information Office of Qingdao Municipal People’s Government presided over the meeting and gave a introduction of Qingdao city.

  Qingdao Press Conference of “Shandong Goes Ahead in the China-Korea FTA” coverage activity was held on September 15. At the meeting, Gao Jian, vice director of Qingdao Qianwan Free Trade Port Area Management Committee, gave a basic introduction of the port and the work they have done in the construction of the China-Korea free trade area. Guo Jian, deputy head of Qingdao Bureau of Commerce introduced the trade and economic communication with South Korea. He stressed that Qingdao has actively participated in the building of the China-Korea local economic cooperation demonstration zone. Wang Zhengdong, vice director of the Information Office of Qingdao Municipal People’s Government presided over the meeting.

  Qingdao Qianwan Free Trade Port Area successively has successively opened the Free Trade area, export processing area, Free Trade logistics park and comprehensive free trade area. The Area plays an actively role in the economic and trade cooperation and communication with South Korea. The investment environment has been greatly enhanced.

  Based on the existing policy and enterprises, Qingdao Qianwan Free Trade Port Area will make full use of the preferential policy to explore innovations in logistic service, finance and system construction. The port will intensify efforts to attract more Chinese-version vehicle brands, especially those of the South Korea.

  Qingdao boasts geographical superiorities and has frequent humanities and economic communication with South Korea. It is one of the first cities that have trade cooperation with South Korea. In the first half of this year, 193 projects in Qingdao are invested by Korean enterprises, a jump of 61 percent to the previous year with a contract foreign capital of 1.14 billion dollars and an actual use of foreign capital of 0.673 billion dollars, a year-on-year increase of 66 percent and 65 percent respectively.

  The total volume of import and export trade between Qingdao and South Korea reached up to 9.01 billion dollars in 2014. And the import and export trade between the two sides remain stable in the first half of this year, reaching 3.963 billion dollars.

  Qingdao municipal government issued an action plan to enhance the open and cooperation level with South Korea on the day when the China-Korea FTA signed, expecting the total volume of import and export with South Korea can reach 20 billion dollars by 2020, a double of that of 2015, the accumulative investments from South Korea can exceed 20 billion dollars and the outbound investment in South Korea is doubled to 0.5 billion dollars. (Photo/Dong Li'na and Wang Chengzhong)

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