China: Free trade zone in Manzhouli Port

Source:
Fordaq/ITTO
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China has signed many free trade agreements as part of it trade development strategy. Current agreements cover 22 countries and regions such as the ten ASEAN countries, New Zealand, Singapore, Pakistan, Chile, Peru, Costa Rica, Iceland, Switzerland, South Korea and Australia.

The easing of trade regulations between the mainland and Hongkong and Taiwan P.o.C continues.

The establishment of free trade zones is also part of China’s foreign trade strategies and favorable policies for free trade zone have encouraged export-oriented enterprises to relocate to these zones.

The Chinese government has a free trade agreement with South Korea and is negotiating with Japan. Both South Korea and Japan are important trade partners and much of the trade with these two countries is through Manzhouli Port. With a free trade zone in Manzhouli port processing and re-export will be facilitated.

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