Weihai Export Processing Zone
- Weihai Export Processing Zone
Weihai Export & Processing Zone (EPZ) was set up by the approval of the State Council on April 27, 2000.
Weihai EPZ is located in Weihai Economic & Technological Development Zone with programmed area of 2.6 km2. Weihai EPZ belongs to comprehensive export & processing zone, and it enjoys perfect infrastructure and superior geographical advantages. Weihai lies at the eastern tip of Shandong peninsula, and is surrounded by sea on three sides and linked land on the other, and it is facing Korean Peninsula and Japanese archipelago to the east. Weihai EPZ is situated 30 km to Weihai Airport, 3 km to Weihai railway station and 4 km to Weihai harbor. Weihai has opened passenger-cargo liners to Korea and cargo liners to Japan, Hong Kong and Southeast Asia. Weihai EPZ enjoys all preferential policies of the State and carries out favorable land transfer. A loan agreement of RMB 1.9 billion has been reached between Weihai EPZ and Weihai CITIC Industrial Bank for the construction and development of the enterprises in the Zone.