In accelerating the establishment of cross-border economic cooperation zone

Dandong will be "two island" development as an opportunity, as the international situation, China and Korea and trade exchanges are quietly changing.

In only one river with the DPRK of North-Eastern border town of Dandong, China merchants on the river the land is full of complicated feelings. On the one hand, pending development of border trade there is huge opportunity; on the other hand, irregular market and asymmetrical trade also let China's border trade merchants at risk.

According to customs statistics, 2008 Sino-Korean trade 27.93 billion, an increase of 41.3 per cent. Among them, China export 20.3 billion, an increase of 46 percent, and imports 7.6 billion, an increase of 30.2 per cent. The present and the Korean economic cooperation of countries mainly in China and Korea.

October 13, the DPRK counter-trade trade in Tumen city officially opened. Through trade, border residents can enjoy into Chinese in the territory of goods per person per day 8000 RMB following mutual market goods exempt from customs duties and import link tax policy.

Commerce Department data showing that the DPRK is in the third quarter of this year's trade $ 10.73 million. In the same period, the Korean exports to China 6.27 million increase from last year ($ 2.52) 2.5 times.

Since 2002, the Korean economic policy adjustment, China many enterprises have seen the economic policies of the excellent open and its prospects and business opportunities to North Korea borders as intermediary started on the investment. In 2004 alone, the total amount of 5900 for attracting foreign investment, China reached US $ 50 million, accounting for 85%. According to the Korea the Central Daily News "reported that in 2004 entered North Korean foreign enterprises about 300, of which 40% is Chinese enterprises.

ºliaoningdandong leverage their unique geographical conditions for the development of port economic, there are nearly 600 of border trade enterprise, nearly 100 people rely on food meal "survival" border trade. But the strange thing is that this so-called 600 companies in more than half of the investments from inland.

"Our investment, mostly in inland areas. Some qualifications darker border trade company and the business would be more prudent, before many companies had to face this new experience. "A bit in Dandong border trade for many years engaged in the profession.

Dilemma: funds reflowing and planned

DPRK's early border trade transactions mainly rely on aquatic products, the more common goods is dry and bright flowers clams are too dry fish. At that time did not like this through port shipments, but by the North Korean border entrainment, provided that they do not exceed the weight of the official rules, all of the time is allowed. After entering the inhabitants will direct sell aquatic products, its prices generally and domestic market prices comparable to, but in quality than domestic.

Until now, the seafood market remains active in trade. Every day, the Korean companies organization Korean fishermen will be all kinds of fresh scallops, squid, crab fishing from the sea shore, logistics freight cars from the East coast of North Korea, after a dozen hours arrived in China. There are many inland traders, awaiting the arrival of fresh goods. After loading unloading, transportation to Shandong, Beijing, Shanghai and other places on the market.

Although the market for free, business, but in trade always does so like other border areas.

It is understood that the Chinese enterprises in cooperation with the DPRK will not be able to direct business to business, and local government, the trade is mostly food barter, very little cash transactions. Until now, the Korean or need to use day-to-day supplies and food to exchange goods with China.

"The Korean trading company size is not very small, but it is purely a planned economy, (North Korea) Central approval a commodity prices after the contract, even if that product's production cost prices, it is difficult to further bargaining space. So the domestic enterprises are basically in the contend exports to Korea's first batch of goods. You don't have to lose money. "One of the industry.

In addition, because of the serious phenomenon of Korean enterprises and postage due is very difficult to want to return to border trade company with sorrow, but also for toddler-Korea trade.

The Chinese side will develop the second island

However, the journalists visited several Dandong border trade enterprises, local larger border business-to-Korean trade is happening concerns, in a dilemma, and those emerging from the mainland investors on Sino-Korean trade towards very confident.

"My company has just set up soon, chose this racket, because currently, North Korea may gradually open up, this is the investment opportunity. "A newly comers private investment company CEO said.

According to the data records that the DPRK from China imports of goods, including petroleum and corn to the Chinese export commodities, mainly coal and iron ore.

With the wood of the barren, combined with the domestic steel mills want to be able to get more expensive raw materials, the DPRK will develop resources to iron ore, iron ore. "The early years in trade main timber and marine products, iron ore trade from around 2005. "A study in the history of the experts said.

With the increasingly close cooperation, Korea trade will then step forward. Global times invoked the Korea Korea daily, October 28, exclusive says North Korea will be located in the Yalu River on enchante island and gold ping Island in the form of a lease by the China Development, lease from 50 years to honor extended to 100 years, to the second island into a Korean version of Hong Kong.

At the same time, Dandong "12 five" plan will be mentioned in the draft to the "two in Dandong island" development open as an opportunity to accelerate the establishment of the trade area, in the comprehensive bonded area, the border towards cross-border economic cooperation zone and overseas economic cooperation zone, actively seeking to expand the Dandong border economic cooperation.

It is understood that the wafers and gold ping island location is in the Centre of trade. Enchante island and across the North of the Yalu River in Dandong, area of 12.2 square kilometers, is the largest in the Yalu River

Of the island. Gold ping Island and Dandong Crest town through the land, together with the intermediate only through the barbed wire, area of 11.45 square kilometers, is the Yalu River in the second largest island, is known as the land is fertile, Sinuiju region granary.