(TibetanReview.net, Nov01, 2018) – China said Oct 31 that it had opened an international commercial complex in Gyirong (Tibetan: Kyirong) County of Shigatse City, Tibet, located near the border with Nepal. The Gyirong international border trade market was constructed with a total investment of 42.5 million yuan (about US $ 6 million), reported the official Xinhua news agency Oct 31.
The report said businessmen from Nepal, Pakistan and other nearby countries opened booths at the market on the first business day, attracting many tourists.
Hu Hong, Chinese head of the county government, was quoted as saying, “The opening of the market will boost the development of border trade and local tourism industry.”
China plans to make Kyirong a major hub for international trade with South Asia, including with plans to connect it by railway network.
The report said that in the first half of 2018, the combined value of imports and exports at Gyirong port had reached 1.39 billion yuan, up 11.8 percent year-on-year.