The China-Kazakhstan Horgos International Border Cooperation Center, a trans-national free trade center on the border of the two countries, is to celebrate its fifth anniversary on April 18.
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A glimpse of the China-Kazakhstan Horgos International Border Cooperation Center on April 9, 2017. [Photo/Xinhua] |
The 5.28-square-kilometer trade center spans the China-Kazakhstan border river near the frontier city of Horgos in northwest China's Xinjiang Uygur Autonomous Region. It consists of 3.43 square kilometers in China and 1.85 square kilometers in Kazakhstan.
The trade center was established in 2012 with the aim of fueling economic cooperation with Central Asia. It encompasses the functions of business negotiations, merchandise procurement, storage and transportation, financial services and tourism. It is entitled to preferential policies in tariffs and the free flow of personnel, goods and capital.
The trade center has attracted a great number of businesses to its premises with the implementation of the Belt and Road Initiative, which was proposed by Chinese President Xi Jinping in 2013.
A total of 5.43 million people visited the trade center in 2016 and the number reached more than one million in the first quarter of 2017, according to local border inspection authorities.
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