By Du Xiaoli (chinadaily.com.cn)
Updated: 2007-07-25 18:14

Tianjin's Binhai New Area signed an economic cooperation agreement with Tangshan, an industrial city in North China's Hebei Province, on July 21. The agreement is an effort to bring the two economic engines together for development of areas surrounding the Bohai Sea and to sharpen the region's core competitiveness.

Tianjin's Binhai New Area and Tangshan will jointly establish a high-level modern manufacturing base and strengthen mutual cooperation on metallurgy, exploitation and processing of oil and oceanic chemical industries.

The two will also strengthen mutual complement cooperation on electronic information, auto manufacturing, refined chemistry, energy, and building material industries. The two sides' industrial chains will be extended and linked and a regional industry development system with closely linked upstream and downstream industries will be formed.

They will also strengthen ports strategic cooperation and logistics service cooperation to enhance the regional opening-up level. Tianjin port and Caofeidian port will cooperate closely to jointly construct an international shipping center and a logistics center in northern China.

Tianjin's Binhai New Area and Tangshan will set up an efficient mechanism for communication, exchange, and cooperation between governments to facilitate the agreement. Exchange among enterprises, chambers of commerce, and industrial associations will also be arranged.