Ulaanbaatar
Deputy Prime Minister works in Khorgos free economic zone
Politics
Ulaanbaatar /MONTSAME/ On June 18, a working group led by Deputy Prime Minister of Mongolia U.Enkhtuvshin visited Khorgos, the China-Kazakhstan International Centre of Boundary Cooperation. They got acquainted with its operation and received detailed information on its legal environment, operating regulations, special regime, planning, investments and future prospects from the free economic zone authority.
Khorgos free economic zone, which started its operation on 560 ha of land on both sides under the Intergovernmental agreement between the two countries in 2005, has been rapidly developing in the last 10 years and is now a business, trade and investment center that exchanges passengers, transportation vehicles and freights, on 764 ha cross-border land. Major development works were carried out on both sides of the zone including trade and service centers and many promising investment projects are in progress. From 7am to 7pm daily, up to 4000 people from Kazakhstan and 7000 people from China travel and run their businesses in the tax-free zone that has simplified border and labor regimes.
Deputy PM U.Enkhtuvshin, who is also a Cabinet member in charge of free zones, visited the zone to learn from its experiences in the framework of the preparation of Intergovernmental Agreement on establishing Zamiin-Uud-Erenhot economic cooperation zone, which was mutually agreed during PM U.Khurelsukh’s visit to the People’s Republic of China in April.
The working group members included Chairman of the Border Protection Authority Ts.Sergelen and representatives of the Deputy Prime Minister’s Office and the Ministry of Foreign Affairs. Also, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Republic of Kazakhstan Mr. L.Battulga worked there, reported the Deputy Prime Minister’s Office.
M.Anudari
