The Emerging Industry Cluster of the Institutional Innovation Experimental Field - Tianjin Pilot Free Trade Zone's 9th Anniversary "fruitful results"

2024-04-22

On April 21, 2015, the Tianjin Pilot Free Trade Zone was officially established. In the nine years since its establishment, this first free trade pilot zone in the north has flourished: the annual actual utilization of foreign investment exceeds 2 billion US dollars, and the annual import and export value exceeds 200 billion yuan. With 1% of Tianjin's land area, it contributes 30% of foreign trade import and export value and 40% of actual utilization of foreign investment. For the past 9 years, this 119.9 square kilometer land has firmly grasped the core task of institutional innovation, with the mission of being the first to try, and has become a platform for Tianjin and even the northern region to open up to the outside world and an engine for economic transformation and upgrading. At the beginning of this year, the Ministry of Commerce released the fifth batch of 23 "best practice cases", and Tianjin Pilot Free Trade Zone was selected as one of the three. In the case of "New Model of Ship Supervision and Declaration", Tianjin Maritime Safety Administration has studied and introduced the "Centralized Voyage Daily Report for Port Operating Ships" service in Tianjin jurisdiction, targeting ships operating frequently across different branch maritime management agencies within the same port area. Port operating ships only need to report to one maritime management agency, and multiple maritime management agencies can share data. The relevant person in charge of Tianjin Port Ferry Co., Ltd., the beneficiary, calculated that the monthly average report has been reduced from more than 6000 ships to 1800 ships, a decrease of 70%. The saved time can increase the workload by 240 operations per month, generating approximately 1.2 million yuan in benefits. At the same time, this model can shorten the waiting time of ships, significantly reduce fuel consumption and exhaust emissions, and save enterprises over 10 million yuan in ship fuel costs annually. Since its establishment, Tianjin Pilot Free Trade Zone has implemented a total of 615 institutional innovation measures, of which 42 leading and iconic innovation achievements have been replicated and promoted nationwide. "Over the past 9 years since its establishment, Tianjin Pilot Free Trade Zone has continuously carried out institutional innovation, and a series of innovative achievements have created new engines and accumulated new strength for the high-quality development of Tianjin," said Li Wenhai, Deputy Mayor of Tianjin. Expanding institutional openness has also continuously achieved new breakthroughs. The Tianjin Pilot Free Trade Zone has formulated and implemented the Action Plan for the Regional Comprehensive Economic Partnership (RCEP) to comprehensively improve the level of benefits. In 2023, the import and export value of tariff preferential goods enjoyed by Tianjin enterprises under RCEP exceeded 12 billion yuan, a year-on-year increase of 79%. Currently, the free trade zone is implementing upgrading actions. Shan Zefeng, District Mayor of Binhai New Area and Executive Deputy Director of Tianjin Pilot Free Trade Zone Management Committee, said that Tianjin has clearly proposed to strive for new advantages in opening up in the five types of channels, platforms, systems, cities, and oceans, and to write a good chapter in Tianjin in implementing the strategy of upgrading the free trade zone. The booming emerging industry recently saw 50 hydrogen powered heavy-duty trucks being put into use in Zhejiang through green leasing services. Green leasing is a business card of Tianjin Pilot Free Trade Zone, which is also the first in the country to establish a green evaluation mechanism for financing leasing. Data shows that the scale of financing leasing in Tianjin Pilot Free Trade Zone exceeds 2.1 trillion yuan, accounting for 1/4 of the national total. There are still many business cards like this. The total assets of commercial factoring enterprises are nearly 300 billion yuan, accounting for 30% of the national total; The digital freight industry is accelerating its aggregation, with the scale of online freight accounting for 15% of the country's total; Parallel imported cars dominate the market in 2023

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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