Tianjin Commission of Commerce, Market and Quality Supervision Commission, Tianjin Binhai New Area Government, Administration of Customs, and Entry-Exit Inspection and Quarantine Bureau have reached agreement on the implementation of parallel car imports project.
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Parallel car imports refer to automobile imports from merchants who are not the authorized dealer. Imported automobiles from such channels usually have lower prices and can break monopolies.
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Parallel-imported cars from Tianjin have a high market share in the country. After more than a decade's exploration, Tianjin has gained experience and has cultivated nearly 500 importers. The number of automobiles parallel imported from Tianjin ports takes up 70 percent of the national total.
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The launch of the Tianjin FTZ provides new opportunities for parallel car imports. The implementation proposal fully presents the innovative advantages of the Tianjin FTZ and will develop a pattern of effective monitoring services.
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Thanks to the implementation proposal, parallel car imports are able to develop in order and more customers will benefit.Â