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20-573: The area was created in late 1984. Since 1997, the Ministry of Commerce (MOFCOM, the former Ministry of Economy and Foreign Trade) started a comprehensive appraisal on investment environment of all national-level development zones which covers eight major indicators like overall economic strength, infrastructure, operation cost, human resources and supply, society and environment, facilitation for technology innovation, management system building, and development and efficiency. For 12 consecutive years, TEDA topped

40-633: A permanent secretariat located in China's Macao Special Administrative Region . Macao was a colony of Portugal, and Portuguese continues to be one of its official languages. As a result, China views Macao as an ideal location for coordination with the Portuguese-speaking countries. Member countries have permanent representatives to the Forum who are also located in Macao. Forum members discuss, and typically issue

60-581: A post-meeting action plan covering, economic topics such as trade, agriculture, infrastructure, natural resources, and development, as well as cultural, media, and health issues. China seeks to build closer links between Forum Macao and the Belt and Road Initiative . Security cooperation and political cooperation have not been a significant element of Forum Macao. China's Ministry of Commerce established Forum Macao in 2003. David H. Shinn and academic Joshua Eisenman write that São Tomé and Príncipe's presence at

80-479: Is responsible for developing strategic national plans in the areas of finance and taxation, drafts the central financing budget, supervises central financial expenditures, and audits the budget and accounts of state capital and the national social insurance fund. MOFCOM is China's most important negotiator in the global governance of intellectual property . MOFCOM additionally has responsibilities on economic relations with Hong Kong, Macau and Taiwan. To that end

100-775: Is the Haihe toll bridge . Located in the Binhai New Area of Tianjin Municipality , TEDA is around 40 minutes from downtown Tianjin, 30 minutes from the Tianjin Binhai International Airport and 5 minutes away from the Tianjin Port . The Binhai Mass Transit rapid transit system was introduced in 2004 to reduce travel time between Tianjin downtown and TEDA. There is an increasing expatriate population in TEDA, supported by

120-654: Is the 20th-ranking department of the State Council. The current minister is Wang Wentao . Before October 1949, the Ministry of Economic Affairs was the governing agency of the Republic of China on the mainland responsible for economic trade issues. The agency was created in 1931 and reorganized in 1937. In November 1949, a month after the People's Republic of China was established, the Chinese Communist Party formed

140-529: The Forum for Economic and Trade Co-Operation Between China and Portuguese-Speaking Countries , is a multi-lateral economic cooperation forum established in 2003 by China's Ministry of Commerce . Forum Macao's objective is to increase economic ties between China and the Portuguese-speaking countries. As of 2023, the members of Forum Macao are: Angola, Brazil, Cape Verde, China, Guinea-Bissau, Mozambique, Portugal, São Tomé and Príncipe, and Timor-Leste. Forum Macao has

160-587: The International School of Tianjin which is accredited by both WASC and CIS. The school Teda International School was established in 1995. Teda International School offers a curriculum based on United States standards. The school is authorized by the College Board to offer the Advanced Placement (AP) program, and examinations, and is an authorized SAT and TOEFL testing center. TEDA is also home to

180-575: The National Development and Reform Commission (NDRC) to draft negative lists for foreign investments at the national level and for special economic zones . MOFCOM certifies Chines firms' international contracting business; Chinese contractors performing work abroad must obtain letters from the MOFCOM Economic and Commercial Office at the Chinese embassy in the host country. MOFCOM additionally

200-634: The Ministry of Trade (贸易部) while the MOEA continued to operate in Taiwan and several other islands . In August 1952, the Ministry was renamed to Ministry of Foreign Trade (对外贸易部). Ye Jizhuang was the first Minister and died in the post in 1967. In March 1982, the Ministry of Foreign Trade was merged with the Ministry of Foreign Economic Liaison (对外经济联络部), the State Import and Export Regulation Commission (国家进出口管理委员会), and

220-506: The State Foreign Investment Regulation Commission (国家外国投资管理委员会), and became the Ministry of Foreign Economic Relations and Trade (对外经济贸易部). In March 1993, the Ministry of Foreign Economic Relations and Trade was renamed to the Ministry of Foreign Trade and Economic Cooperation (对外贸易经济合作部). In the spring of 2003, the former Ministry of Foreign Trade and Economic Cooperation went through a reorganization and

SECTION 10

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240-595: The TEDA. 39°02′12″N 117°42′02″E  /  39.03667°N 117.70056°E  / 39.03667; 117.70056 Ministry of Commerce (China) The Ministry of Commerce ( MOFCOM ) is an executive department of the State Council of the People's Republic of China that is responsible for formulating policy on foreign trade, export and import regulations, foreign direct investments, consumer protection, market competition ( competition regulator ) and negotiating bilateral and multilateral trade agreements. it

260-720: The Tianjin TEDA Maple Leaf International School (TTMLIS), formerly called Harbor View School. TTMLIS is a member of Maple Leaf Education Systems , whose flagship school is located in the Dalian Development Area of the city of Dalian, Liaoning. According to Benchmarkia, the Tianjin Economic-Technological Development Area has the highest total investment among all industrial parks worldwide. Tingyi (Cayman Islands) Holding Corporation has its corporate headquarters in

280-650: The Vice Minister An Min , and the previous Financial Secretary of Hong Kong , Antony Leung , concluded the Closer Economic Partnership Arrangement (CEPA). New agreements are continually negotiated between An and the current Financial Secretary John Tsang under the auspices of the CEPA. Similar agreements were also concluded between the MOFCOM and Secretariat for Economy and Finance of Macau . In

300-576: The first decade after the institution of China's Anti-Monopoly Law (2008–2018), MOFCOM was responsible for regulation of mergers under the law. Other antitrust investigations were handled by the State Administration of Industry and Commerce and the NDRC. During that period, MOFCOM prohibited two mergers and imposed remedies in 36 transactions, all of which involved foreign multinational corporations . The State Administration for Market Regulation

320-534: The former State Economic and Trade Commission and the State Development Planning Commission. In 2018, the ministry lost powers and responsibilities regarding anti-monopoly, intellectual property , counterfeit goods, foreign aid , and some financial products to other departments. Coordinating foreign aid became the responsibility of the newly created China International Development Cooperation Agency (CIDCA). MOFCOM had tended to emphasize

340-656: The list. It is a leading investment spot and the Asia-Pacific at large. TEDA, pronounced nearly the same in Mandarin Chinese , is a vast area by the seaside. It contains a port, business buildings, urban residential areas, and an extensive transportation network. TEDA also contains the TEDA Football Stadium , used by Tianjin's football team, Tianjin Teda FC . The stadium was finished in 2004. The area's largest bridge

360-465: The use of aid to support foreign trade objectives, whereas CIDCA has increasingly emphasized the use of aid to support foreign policy objectives. MOFCOM continues to have a role in foreign aid through implementing overseas projects and selecting the firms to undertake them. MOFCOM is in charge of the administration of foreign trade and is China's primary foreign trade negotiator. MOFCOM also deals with foreign investment regulation. It works with

380-512: Was created and became China's primary antitrust regulator in 2018. MOFCOM assists in drafting laws and regulations in its relevant policy areas. A ministerial-level MOFCOM vice minister serves as the International Trade Representative, representing China at bilateral and multilateral trade agreements. The Ministry of Commerce is structured into the following departments: Forum Macao Forum Macao , officially

400-592: Was renamed Ministry of Commerce. During 2003, the Ministry established Forum Macao in the Macao Special Administrative Region as a multi-lateral mechanism for cooperation between China and the Portuguese-speaking countries. In 2006, the Ministry of Commerce oversaw the program of "ten thousand businesses advance westward" in conjunction with the Hu-Wen administration 's early emphasis on balancing regional development. The ministry also incorporates

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