Business
New 1,300km route boosts China trade
- K
Sep 02, 2012 / 11:01 AM
The Hanoitimes -Trucks and coaches yesterday began using a new 1,300km route linking Hanoi in Vietnam with Shenzen in China.
The Hanoitimes -Trucks and coaches yesterday began using a new 1,300km route linking Hanoi in Vietnam with Shenzen in China .
The route, together with another between
Previously, transport operators were only allowed to travel up to 20km into each other's national territory.
"The new agreement will have a profound impact not only on bilateral trade and tourism, but also on Greater Mekong Sub-region (GMS) transport facilitation," said Yushu Feng, principal economist for regional co-operation at the Asian Development Bank, which backed the agreement.
The removal of restrictions is expected to reduce travelling costs and time, boosting two way trade and developing an economic corridor taking in
Under the agreement, trucks and coaches are allowed to travel between major economic zones in
Each country will be able to issue up to 15,100 permits for trucks and coaches for travel within the border province area, and each will be able to issue up to 500 permits for trucks and coaches to go to inland provincial areas.
Another significant route, connecting








