36 foreign trade companies to set up operations in Yantai FTZ

An international trade center and an investment service center were launched in China (Shandong) Pilot Free Trade Zone Yantai Area on June 22.

A total of 36 foreign trade companies will set up operations at the international trade center, including JD Cloud, Hengbang Supply Chain Company, and Shandong Longtai Petroleum Equipment Co.

To date, 42 enterprises have settled in the center, generating 9.79 billion yuan ($1.38 billion) in imports and exports from January to May.

More than 100 enterprises are expected to set up operations in the zone this year, and exports are expected to exceed 15 billion yuan, which will stabilize foreign trade in the zone.

The investment service center in the area is designed to display the city’s achievements since reform and opening up began in 1978.

The main exhibition hall covers an area of 1,300 square meters. The center also includes digital archives and meeting rooms for talent and entrepreneur exchange.

The center aims to attract investment and promote international exchange for Yantai FTZ.