[photopress:zones_Dalian_FTZ.jpg,full,alignright]Dalian Free Trade Zone is said to be the only one of its type in Northeast China. Although it is located inside China, Dalian Free Trade Zone is considered to be outside Chinese Customs territory. Thus any goods that enter China through Dalian Free Trade Zone are not assessed Customs duties until after they leave the zone for China consumption.
Companies inside the Zone benefit from simplified customs procedures, liberal foreign exchange privileges and absence of export quotas and other requirements on imports.
Companies, both domestic and foreigh, can store, exhibit or process goods with the zone and thus defer, reduce or even eliminate duties on imported goods.
The Dalian Free Trade Zone has three main functions:[photopress:zones_Dalian_FTZ2.jpg,full,alignleft]
1) International trade and bonded exhibition for imports.
2) Storage, distribution and logistics.
3) Manufacturing, processing and packaging.
There are 7.3 kilometers of roads built within the Zone and trees and grass have been planted on 53 thousand square meters. There are 42 km of underground pipes of all kinds.
Of 2,183 firms registered with Dalian Free Trade Zone, 816 are foreign-funded.