China/Kazakhstan Free Trade Zone

While walking around Beijing today I picked up an issue of a smallish English language paper called “Beijing Today(今日北京)”. There were several interesting articles, but considering my upcoming intinerary this one particularly caught my eye:

China and Kazakhstan Extablish Free Trade Zone

Yu Shanshan 03/05/2004

The Ministry of Commerce confirmed Sunday that China’s first free trade zone will be established along the border with Kazakhstan.

  The China-Kazakhstan free border-trade zone will lie between Yili Kazak Autonomous Prefecture, in Xinjiang, and Alma-ata, Kazakhstan.
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Jia Yisheng, secretary of the CPC committee in Horgos, Xinjiang, told China News Agency last Tuesday that the two sides have agreed to build a Sino-Kazakhstan world trade center in the 200 hectares between Horgos and Kazakhstan. China has offered 130 hectares while Kazakhstan has contributed 70 hectares for the free trade zone.

  According to Jia, the Chinese side is mapping out a plan for the free trade zone, and the scheme of Sino-Kazakhstan free trade zone put forward by China has received a positive response from Kazakhstan. Under the plan, the zone would allow for zero tariffs and the free flow of people and goods.



You can read the full text of the article here on their web site.