China Far East International Trading Corporation

China far East International Trading Corporation(CFETC) was established in 1985 with the approval of the Ministry of Foreign Trade and Economic Co-operation. In 1993, CFETCs annual turnover exceeded RMB2 billion, hence becoming one of Chinas top 500 enterprises in the tertiary industry and one of Chinas top 500 enterprises with the largest import and export volume. In 1995, with the approval of the State Development Planning Commission, CFETC obtained the qualification for undertaking the projects of purchase with loans from foreign government and began to participate in the introduction of commodities and technologies for large-scale projects of the country. As one of the backbone state-owned enterprises, CFETC was put under the control of the Central Enterprises in 1998.

The headquarters of CFETC is located in Beijing. It set up branch companies in Guangdong, Zhejiang, Jiangsu, Hainan, Fujian, Shenzhen and zhuhai and it is a holding company of some enterprises in Beijing, Shanghai, Shandong, Guangdong, Zhejiang, Hainan and etc. It established branches in the US, Belgium, Southeast Asia, Hong Kong and other countries and regions.

CFETC has relatively complete service functions and enjoys an A-grade qualification for international tendering as well as the qualification for the purchase for projects using foreign governmental loans and the authority to clear customs all over the county.

CFETCs Distribution Department and Jieda Customs Clearance Service Center can provide the customers with door to door service, while CFETCs Department of Legal Affairs provides legal supports for the customers to safeguard their rights and interests. CFETCs alility to approve visits abroad and invites foreign merchants to China make the customerscommercial activities easy and convenient.

High-quality service has contributed to the rapid development of the corporations business. At present, CFETCs business involves petrochemical, automobile, power, machinery, transportation, communication, electronics and many other industries; its customers are widely spread all over the country.

It is expected that CFETCs principle of Customer First and such advantages as networks, information and talents and guarantee the further development of CFETCs business.