Deputy Prime Minister U. Enkhtuvshin, the Cabinet member responsible for the matter of free-trade zones, visited Erlian in the People’s Republic of China to observe the ongoing construction and development of the Erlian Free-trade Zone, a 900 hectare area located one kilometer from Zamyn-Uud.
Erlian's city authorities reported that 800 million CNY will be invested for the development of the free-trade zone by 2019. Since the signing of a memorandum of understanding during the Prime Minister’s visit to China in April, an agreement designed to expedite the process of establishing an economic cooperation zone based in Erlian and Zamyn-Uud, the two sides have been carrying out preparations to reach an official inter-governmental agreement.
Deputy Prime Minister U. Enkhtuvshin, the Cabinet member responsible for the matter of free-trade zones, visited Erlian in the People’s Republic of China to observe the ongoing construction and development of the Erlian Free-trade Zone, a 900 hectare area located one kilometer from Zamyn-Uud.
Erlian's city authorities reported that 800 million CNY will be invested for the development of the free-trade zone by 2019. Since the signing of a memorandum of understanding during the Prime Minister’s visit to China in April, an agreement designed to expedite the process of establishing an economic cooperation zone based in Erlian and Zamyn-Uud, the two sides have been carrying out preparations to reach an official inter-governmental agreement.