Port of Tianjin expecting 20% rise in traffic thanks to FTZ status

The north-east Chinese port of Tianjin – the world’s fourth largest – expects cargo volumes to rise by over 20 % from 540m to 650m tonnes over the next five years,  thanks to its new status as a free trade zone. “We will strive to ….to develop [Tianjin]  into a key international shipping centre in the China’s north,” Tianjin Port Co spokesperson Zhang Liyi, said yesterday.
The port is situated 130km south-east of Beijing and the Tianjin Free Trade Experimental Zone was inaugurated in April. Its authorities will now seek to  strengthen cooperation with companies in the  railway transport and shipping sectors in order to boost overseas trade.

Source: xinhuanet