SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

BEIJING, May 18 (FAM) – As a platform to implement the Belt and Road initiative, the establishment of cross-border economic cooperation zones with neighboring countries can help promote economic prosperity in border regions and boost bilateral trade, experts said, noting that the zones are likely to play a crucial role in driving local economies by around 2020.

The comments came after the Ministry of Commerce of China (MOFCOM) signed a Memorandum of Understanding (MoU) on the establishment of a China-Myanmar Border Economic Cooperation Zone with the Ministry of Commerce of Myanmar on Tuesday in Beijing.

 

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