Investment/EECO and TEDA cooperation

Editorial staff

The Eastern Economic Corridor Office signed a cooperation with the Tianjin Economic-Technology Development Area on investment collaboration.

Chula Sukmanop, secretary general to the Eastern Economic Corridor Office (EECO), said the agency recently signed a letter of intent (LoI) on investment cooperation to vice chairman Cao Hong Gang, Tianjin Economic-Technological Development Area (TEDA), a main free market zone in Binhai, Tianjin, China.

The collaboration on investment between two investment zones focusing on driving Chinese investment to EEC, the development mechanism on industrial development and investment policy; exchange on experience of promoting supply chain in targeted industries; human resource development.

Established on December 6th, 1984 upon the approval of the State Council, the Tianjin Economic-Technological Development Area (abbreviated as TEDA and transliterated as Taida) is one of China’s earliest national-level development zones.

Three decades later, TEDA now comprises 10 sub-zones and has grown into the country’s best national-level development zone in terms of a comprehensive investment environment with the biggest economic aggregate and highest degree of integration with the world.

Up to December 2022, TEDA has completed the construction of carrier buildings with a total floor area of 2.3 million square meters that are mainly in TEDA East, TEDA West, Micro-electronics Industrial Park, Nangang Industrial Zone, TEDA Industrial Park, and Yat-sen Scientific Industrial Park.

Currently, more than 3,300 companies have invested in TDEA where four main industries including electronic communication, food, machinery, bio-medical while important global companies are Motorola, Toyota, Honda, SAMSUNG Electronics, Freescale Semiconductor, Nestlé, SEW and Novo Nordisk.

The signing for LoI was conducted when EECO implemented a roadshow to Tianjin and Beijing, China between this April 7 and 10.