Tibet to Open Duty Free Outlets
Charissa Echavez | | Mar 23, 2016 09:38 AM EDT |
(Photo : Getty Image) Tibet is planning to open duty free outlets to boost trade and tourism
The Tibet Autonomous Region is trying to boost trade and tourism as it submitted an application to set up duty free outlets on selected entry ports, Lhasa Customs revealed on Wednesday.
Both Lhasa Customs and the regional government are collaborating to apply and obtain approval from the central government to establish duty free shops, according to Wang Wenxi, Lhasa Customs' chief.
Like Us on Facebook
Tibet has been a trading point between China and South Asian nations. Its foreign trade even reached up to 76 billion yuan (11.7 billion US dollars) from 2011 to 2015, this is 60 percent greater compared with those earned by other bordering locations.
However, Wang did not reveal which ports in particular these duty free outlets will be constructed. China Daily suggests that ports along the border of Nepal such as Jilong are likely candidates, given the fact that Nepal accounts a lion's share of Tibet's total foreign trade.
In 2015, Tibet's trading with Nepal significantly plummeted to nearly 60 percent following the strong quake in April that destroyed all the ports and trading centers. However, six months after the tragedy, Jilong port was once again opened to public, while other ports are still undergoing some major renovation.
According to Hong Wei, head of the tourism promotion committee of the region, putting up duty free shops will surely push Tibet's status among the world's major tourist destinations.
TagsTibet, Duty Free, Foreign trade, tourism, Trade
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?