Euro-Industrial Park | Doing Business with China

As part of its efforts to attract investment from Europe, the city launched the Euro-Industrial Park (EIP) project in 2001, the first of its kind in China, to target European business. The Park is designed to offer a manufacturing base for European companies, particularly SMEs. Complete with all the necessary infrastructures including supplies of electric power, gas, water, heating, sewage, telephones etc, the Park offers competitive investment packages for European investors, one of which is a competitive land use fee (see Table 7.33.6).

Table 7.33.6: EIP land use fee comparison with Chinese coastal regions (For 50 years ' industrial use: RMB/m ² )
	EIP	Yantai Economic & Technological Development	Tianjin Economic & Technological Development	Guangzhou Export Processing	Beijing Economic & Technological Development
Zone	Zone	Zone	Zone
Price	75	167	280	450	525
Factor	1	2.23	3.73	6	7
Note: for other details, please visit the Park's website at www.eip.org.cn

With EIP's location at the juncture of north- eastern and northern China and in the vicinity of northern China's industrial base, EIP has easy access to a market of about 200 million people within a 500 kilometre radius and a wealth of cost-efficient manufacturing capabilities to meet investors' outsourcing needs.

Geographical proximity to Nagasaki Port in Japan (1200km) and Seoul in Korea (688km) gives the Park a unique position as a springboard to other Asian markets.

The initial four square kilometre development area is fully equipped with import and export functions including a customs office, and bonded warehouses are available in the neighbouring export processing zone. Greenfield sites are available for options such as build- to-suit. The management body of the Park, CASSAN Euro-Industrial Park Co. Ltd., is committed to providing strong logistical and administrative support.