Tianjin and Incheon Sign MOU to Promote Investment

Tianjin Free Trade Zone (TJFTZ) and Incheon Free Economic Zone (IFEZ) signed a Mutual Cooperation Agreement Between China (Tianjin) Pilot Free Trade Zone Administrative Commission and Korean Incheon Free Economic Zone Office in Incheon, Korea on February 23. The agreement covers various areas including the sharing of development experience, investment promotion, biopharmaceuticals, international trade, and personnel exchanges. Its goal is to integrate the resource advantages of both parties, promote the free flow of elements, and deepen industrial integration, to create more development opportunities for enterprises in both regions and drive regional economic collaboration to new heights.

This agreement not only injects new momentum into economic and trade cooperation between Tianjin and Incheon but also provides a new practical case for Sino-Korean friendly economic and trade interaction.