Tianjin Economic-Technological Development Area (simplified Chinese: 天津经济技术开发区; traditional Chinese: 天津經濟技術開發區; pinyin: tiānjīn jīngjì jìshù kāifā qū), commonly abbreviated as TEDA (simplified Chinese: 泰达; traditional Chinese: 泰達; pinyin: tài dá; lit. 'peace and prosperity') is the main free market zone in Binhai, Tianjin, China. It was formed in late 1984. The area was created in late 1984. Since 1997, the Ministry of Commerce (MOFCOM, the former Ministry of Economy and Foreign Trade) started a comprehensive appraisal on investment environment of all national-level development zones which covers eight major indicators like overall economic strength, infrastructure, operation cost, human resources and supply, society and environment, facilitation for technology innovation, management system building, and development and efficiency. For 12 years in a row, TEDA topped the list. It is a leading investment spot and the Asia-Pacific at large. More information...
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