In 2003, with the effective measures adopted to overcome the impact of SARS, Laiyang made great progress in export-oriented economy. The approved projects with foreign capital totaled 75 and the foreign capital in signed contracts hit 325,280,000 dollars.
1. Investment attraction
1) Organize 22 investment-attracting activities in foreign countries and receive 102 group for visit, research and cooperation from abroad.
2) Participated in the investment-attracting meetings held in South Korea, Japan and Hongkong by Yantai city.
3) Take part in the Fifth International Fruit/Vegetable Exposition.
4) In the name of Laiyang Government and Foreign Business & Trade Bureau,
2. Export and foreign exchange
1) Organize part enterprises to participate in Koln International Food Exposition, Osaka Export-oriented Commodity Exposition, Hongkong Food Exposition and so on, which helped to adjust the structure of export-oriented commodities and market structure.
2) From January to November of 2003, a total of 568 contracts on processing trade were transacted, with the gross import value reaching 35,220,000 dollars and the gross export value reaching 80,250,000 dollars.
3) Transact import and export qualification for 30 enterprises, bringing the total to 57.
4) Release over 500 pieces of information on products and investment attraction through network.