China-Vietnam looking at low tariff trans-border zone

China-Vietnam looking at low tariff trans-border zone China and Vietnam plan to jointly set up a 8.5-square-kilometer transborder economic cooperative area in the city of Pingyang, in south China's Guangxi Zhuang autonomous region, and Liangshang province in Vietnam, according to a report in the China Economic Review.
   'This transborder area contains a logistics cooperation area and a machining cooperation area,' the report said. 'The idea is it is 'one area linking two nations, inside the border but beyond customs, and a free trade with confined operation.' The original cargo and goods made in China and Vietnams will get into this area freely, except for those banned or prohibited by the relevant laws of either country. Products made in this area only get slugged with half of the taxation whenever they get into markets of either country.'