China, South Vietnam Building
Trans-Border Area For Barter & Global Economy Cooperation
China and Vietnam have been working jointly to set up a 8.5-sq-km
trans-border economic cooperative area in the city of Pingyang, in
South China�s Guangxi Zhuang autonomous region and Liangshang
province of Vietnam respectively.
This trans-border area, comprising the main trade and logistics
cooperation area and a machining coop area, follows the managerial
mode of linking two nations with one area, inside the border but
beyond customs and a free trade with confined operation. It will
benefit from the open policy of barter trade, service trade and free
The original cargo and goods made in China and Vietnam could get
into this area freely, except for materials or goods as banned or
prohibited by the relevant laws of either country. Products made in
this area can enjoy half the taxation or half the tache tax whenever
they get into markets of either country.