As reporter known from SAIC Group last week, SAIC Group has been approved as first around companies settled in Shanghai FTA at Shanghai Free Trade Area Unveiling Press Conference.
According to plan, SAIC International Trade Company shall build 100 thousand meter square auto accessories operation center in Shanghai FTA, which will have a 500 thousand annual operation capacity. In the future, SAIC International Trade Company will invest into “International Trade Platform” and “Overseas Non-manufacturing Investment & Marketing Platform.” It will provide auto accessories import and export, international finance, investment, and settlement service for SAIC UK, SAIC Thailand and other overseas market. According to overseas market development plan, business in FTA will have fast growth based on traditional auto accessories natural growth. It is anticipated that business capacity will exceed 2 billion Yuan within 5 years, and more than 100 billion before 2030.
SAIC International Trade Company may be able to reduce 20% capital, trade, logistics and warehouse cost for SAIC Group according to the policy at present. What’s more, the building Middle East and South America sales companies of SAIC Group will obtain a faster international finance support by it branch in FTA.
