China and Vietnam have been working hard and jointly to set up a 8.5-sq-km trans-border economic cooperative area in the city of Pingyang, in south China's Guangxi Zhuang autonomous region and Liangshang province of Vietnam respectively.

This trans-border area, which comprises the main trade and logistics cooperation area and a machining cooperation area, follows the managerial mode of "one area linking two nations, inside the border but beyond customs, and a free trade with confined operation" and it will resort to the open policy of barter trade, service trade and free investment. The original cargo and goods made in China and Vietnams could get into this area freely, except for those materials or goods as banned or prohibited by the relevant laws of either country, and those products made in this area can enjoy half of the taxation or half the tache tax whenever they get into markets of either country.

By People's Daily Online