Dan­dong SEZ will set stage for China-NK ac­tiv­ity

Global Times - - Biz Overview -

North­east China’s Liaon­ing Province has pro­posed to es­tab­lish a Dan­dong Spe­cial Eco­nomic Zone (SEZ) and Dalian Free Trade Port, a move that an ex­pert said is in­tended to pre­pare for com­pre­hen­sive eco­nomic and trade co­op­er­a­tion with North Korea, South Korea and Japan.

The Liaon­ing provin­cial gov­ern­ment is­sued the Liaon­ing ‘Belt and Road’ Pi­lot Com­plex Area Pro­gram on Au­gust 27, and it ex­pects the cen­tral gov­ern­ment to ap­prove the pro­posal for the Dan­dong SEZ in due time, ac­cord­ing to a re­cent post on yidaiy­ilu.gov.cn.

Dan­dong, a coastal city in Liaon­ing that bor­ders North Korea, is in­tended to be­come an im­por­tant pil­lar for eco­nomic and trade co­op­er­a­tion with North Korea, a re­port pub­lished on the Belt and Road ini­tia­tive's of­fi­cial web­site yidaiy­ilu.gov.cn said.

“It is for the pur­pose of set­ting the stage for pro­mot­ing com­pre­hen­sive eco­nomic and trade co­op­er­a­tion with North Korea, South Korea and Japan,” said Lü Chao, a re­searcher with the Liaon­ing Academy of So­cial Sci­ences.

China-North Korea eco­nomic and trade co­op­er­a­tion has a promis­ing fu­ture since UN sanc­tions on North Korea could be eased or re­moved, if the penin­sula’s sit­u­a­tion is re­lieved, Lü told the Global Times on Thurs­day.

“Dalian is the eco­nomic pow­er­house of Liaon­ing Province, which is in­tended to fo­cus on the de­vel­op­ment of the out­ward econ­omy.” Lü said.

These ini­tia­tives are highly likely to get the cen­tral gov­ern­ment’s sup­port, Lü said.

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