Home / Knowledge / News / Textiles / First private overseas trade & economic zone in Russia

First private overseas trade & economic zone in Russia

22
Mar '07
'China-Russia years' accelerated the birth of China's first private overseas trade and economic cooperation zone, Russian Ussuriysk (China) Trade and Economic Cooperation Zone.
Recently, KANGJI Industry Company Limited, in charge of the operations of the zone, official completed its registration in Russia. Sino-Russian non-governmental trade relations will enter a new mode of cooperation.

In an effort to ease gradually increased trade barriers and trade disputes, starting from 2006, China's Ministry of Commerce began promoting the building of eight economic and trade cooperation zones in Thailand, Pakistan, Zambia, Cambodia, Russia and other countries.

China's first overseas trade and economic cooperation zone is the only trade and economic cooperation zone developed by private enterprises. Kangnai Group Co in Wenzhou, Zhejiang is the bellwether with investment of 2 billion yuan to develop Russian Ussuriysk (China) trade and economic cooperation zone.

The zone covers 2.28 million square meters, with building area of 1.63 million square meters. After completion it will be divided into four parts, such as production and processing area, commercial area, logistics and warehousing area, living area.

By then, more than 60 Chinese enterprises will move to settle in the zone, mostly from Wenzhou in business of footwear, apparel, home furniture, wood, building materials, automobiles, home appliances, smoking set, leather, etc. thus realizing the gradual shift of Chinese prominent industries from home to outside places.

Fibre2fashion, News Desk - China


Must ReadView All

Pic: ADB

Textiles | On 22nd Sep 2021

ADB trims developing Asia 2021 growth outlook to 7.1%

The Asian Development Bank (ADB) lowered its 2021 economic growth...

Pic: Shutterstock

Textiles | On 22nd Sep 2021

Mexican cotton outlook seems promising in MY 2021-22: TexPro

Mexican cotton outlook has been improving gradually due to...

Pic: Shutterstock

Apparel/Garments | On 22nd Sep 2021

Bangladesh RMG exporters fear losses due to problems at airport

Apparel exporters in Bangladesh are expecting significant losses for...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

The pandemic has reinstated need for organised retail spaces in Tier II...

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Ritu Oberoi,

Ritu Oberoi

Established in 2018, Forsarees is a socially driven business enterprise,...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

Designer <b>Suman Nathwani</b> talks about her journey of opening a...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search