Tuesday, December 25, 2007

Chinese School - Tianjin's Binhai New Area, Tangshan sign cooperation agreement

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BIZCHINA / Biz News

Tianjin's Binhai New Area, Tangshan sign cooperation agreement

By Du Xiaoli (chinadaily.com.cn)
Updated: 2007-07-25 18:14

Tianjin's Binhai New Area signed an economic cooperation agreement with
Tangshan, an industrial city in North China's Hebei Province, on July 21.
The agreement is an effort to bring the two economic engines together for
development of areas surrounding the Bohai Sea and to sharpen the
region's core competitiveness.

Tianjin's Binhai New Area and Tangshan will jointly establish a
high-level modern manufacturing base and strengthen mutual cooperation on
metallurgy, exploitation and processing of oil and oceanic chemical
industries.

The two will also strengthen mutual complement cooperation on electronic
information, auto manufacturing, refined chemistry, energy, and building
material industries. The two sides' industrial chains will be extended
and linked and a regional industry development system with closely linked
upstream and downstream industries will be formed.

They will also strengthen ports strategic cooperation and logistics
service cooperation to enhance the regional opening-up level. Tianjin
port and Caofeidian port will cooperate closely to jointly construct an
international shipping center and a logistics center in northern China.

Tianjin's Binhai New Area and Tangshan will set up an efficient mechanism
for communication, exchange, and cooperation between governments to
facilitate the agreement. Exchange among enterprises, chambers of
commerce, and industrial associations will also be arranged.

(For more biz stories, please visit Industry Updates)

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