The Analysis Of The Economic Effects Of Free Trade Port Zone

Since the1990s. China has set up the Bonded Zones, Export Processing Zones, Bonded Logistics Park, Free Trade Port Zones, etc, in order to promote the trade development and improve the level of opening up. Free Trade Port Zone is a special area with the highest level of opening-up, most favorable policies, most flexible operation and most convenient customs services. With the deepening of economic globalization, Free Trade Port Areas have become a successful model of China’s opening to the outside world. Due to the advantages in policy and function, Free Trade Port Areas are playing a significant role in economic development and the upgrading of industrial structure.At Present, China has set up14Free Trade Port Zones totally. Qingdao Free Trade Port Zone was set up in2008. it is the first Free Trade Port Zone in China upgraded and transformed by integrating a bonded area, a bonded logistic park and a port. Qingdao Free Trade Port Zone has promoted the trade development and improved the level of opening up in Qingdao and Shandong. Now Qingdao Free Trade Port Zone welcomes new developing opportunities because of the construction of Shandong Peninsula Blue Economic Zone and CJKFTA.Therefore, it is of great significance to stand out in the competition of many Free Trade Port Areas, in order to maximize the economic effects, which is also the purpose of this article.In the research method, the paper makes full use of combination of collection and reorganization of literature materials, combination of qualitative and quantitative analysis, combination of theory and demonstration analysis. Take Qingdao Free Trade Port Zone as an example, the paper analyzes the economic effects of Free Trade Port Area from a microscopic perspective and a macroscopic perspective. Firstly, analyzing the microeconomic influence (direct effects and indirect effects), based on Tariff Theory. Secondly, the paper analyzes the macroeconomic influence in the industry upgrade, economic growth, trade development, talents and brand aggregation, which is based on Industry Cluster Theory and Growth Pole Theory. Finally, it provides some policy recommendations to maximize the economic effects of Free Trade Port Zone. Such as the optimization and upgrading of industrial structure,the transformation of Qingdao Free Trade Port Zone to Free Trade Zone, optimization of the hard environment and the soft environment, and regional cooperation to play a leading role in the construction of Shandong Peninsula Blue Economic Zone and CJKFTA.