Under the Patronage of
Vice-President and Prime Minister of the UAE and Ruler of Dubai
Introduction of Qingdao Bureau of Commerce
As a functional unit under Qingdao Municipal Government, Qingdao Municipal Commerce Bureau is mainly responsible for work related to foreign trade, international economic cooperation and market circulation. Its specific duties include: to implement national business reform policies and plans; to regulate and manage the city’s commercial development and business and trade circulation; to standardize market operation and circulation order; to establish a complete market system; to deepen the reform of circulation system; to monitor and analyze market operation and the supply and demand of commodities; to utilize and manage foreign capital; to manage import and export and foreign economic cooperation; etc. By making full use of the domestic and international markets, the Bureau is able to participate in international economic cooperation and competition in a wider range, in more areas and on a higher level, thus accelerating the formation of an integrated, open, competitive and orderly modern market system.
Qingdao Municipal Commerce Bureau has launched the “going out” strategy to respond to the Belt and Road Initiative since 2015. With Qingdao positioned as both a main hub of the Economic Corridor of the New Eurasian Continental Bridge and a strategic focus in marine cooperation in the Belt and Road Initiative, Qingdao Municipal Commerce Bureau steps up the pace of “going out”, so as to carry out the Belt and Road Initiative. With active efforts in advancing a series of two-way investment and trade projects, setting up a series of overseas economic cooperation zones, seeking to establish economic cooperation partnership with cities from different countries, and improving the level of two-way investment and trade cooperation, the Bureau strives to build Qingdao into a vital bridgehead in the Belt and Road Initiative.