On June 22, a working meeting was held at the Renaissance Tianjin TEDA Hotel to mark the acceptance of and grant certificate to the TEDA Bonded Logistics Center (Phase I). The joint assessment and acceptance team for the Center was made up of Deputy Director Lv Weihong from the Processing Trade Department of the General Administration of Customs, as well as other three competent officials from the Ministry of Finance, the State Administration of Taxation, and the State Administration of Foreign Exchange. Ren Xuefeng, Vice Mayor of Tianjin, Huang Shengqiang, Commissioner of Tianjin Customs, Li Peisheng, Vice Director of the General Office of Tianjin Municipal Government, He Shushan, Chairman of TEDA Administrative Commission, Wei Xinping, Vice Commissioner of Tianjin Customs, and Ai Yamin, Vice Chairman of TEDA Administrative Commission attended the meeting.

After the meeting, the team and officials from related authorities visited the Center for a field inspection. The team seriously evaluated the Center before announcing it has passed the joint acceptance check by four state ministries. Chairman He Shushan received the Acceptance Certificate on behalf of TEDA Administrative Commission from Lv Weihong, the head of the team.

Located to the north of the Ninth Avenue, the Center (Phase I) is planned to cover 220,000 square meters. Now a 30,000-square-meter warehouse is already operational and another 50,000 square meters of warehouse will be put into use by the end of 2009.

Having been checked and accepted by state authorities, the Center will be allowed to offer bonded warehousing services to import and export commodities as well as commodities that are yet to go through customs clearance. It may also carry out simple distribution processing and value-added services on the stored goods, as well as international sourcing, distribution, delivery, re-export trade, relay trade, and other international logistics services authorized by the customs. Its unique logistics functions and export refund incentives may facilitate the flow of finished or semi-finished products among intensive processing enterprises and therefore save the trouble of "export and re-import". Moreover, as an ideal platform for international distribution, delivery, sourcing and relay, it will effectively help enterprises expand new business, cut logistics cost, and uplift logistics efficiency.