Ningbo Association of Enterprises with Foreign Investment (NBEAFERT) was established in March 1989 and considered the Chamber of Commerce for Ningbo and its surrounding areas. Its multi-dimensional goals are geared towards improvement of much of the business infrastructure including:
1. Design and implement industry development planning, industry policies and other relevant policies
2. Design and implement various industry rules and standards in order to coordinate the relationships between enterprises, membership enterprises and other economic and social organizations
3. Educate members and the enterprises in the surrounding areas about provincial and central government's laws, guidelines and policies for foreign investment
4. Serve as a mediator between domestic and international enterprises in hopes for mutually satisfying cooperation
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