This is a national pilot project. The following is the news about the free trade zone, which you can learn about.

China (Tianjin) Pilot Free Trade Zone

Strategic positioning. With institutional innovation as the core task and replicability and popularization as the basic requirements, we will strive to become a high-level open platform for the coordinated development of Beijing-Tianjin-Hebei, a pioneering zone for national reform and opening up, an experimental field for institutional innovation, and a high-level free trade park facing the world.

Overall goal. After three to five years of reform and exploration, the Pilot Free Trade Zone will be built into a world-class free trade park with free trade, convenient investment, high-end industrial agglomeration, standardized legal environment, efficient and convenient supervision and obvious radiation-driven effect, which will play a leading role in the coordinated development of Beijing-Tianjin-Hebei and the economic transformation and development of China.

Scope of implementation. The implementation scope of the Pilot Free Trade Zone is 1 19.9 square kilometers, covering three areas: Tianjin Port Area is 30 square kilometers (including Dongjiang Bonded Port Area 10 square kilometers), Tianjin Airport Area is 43. 1 square kilometers (including the airport part of Tianjin Port Bonded Zone 1 square kilometers, Binhai)

Division of functions. According to the regional layout, Tianjin Port Area focuses on developing shipping logistics and international trade, while Tianjin Airport Area focuses on developing high-end manufacturing and R&D design such as aerospace, equipment manufacturing and next-generation information technology.