BRI NEWS Tibet's foreign trade stable in 2018


Tibet's foreign trade stable in 2018


18:46, February 17, 2019


(Photo: VCG)

LHASA, Feb. 17 (Xinhua) -- Foreign trade in southwest China's Tibet Autonomous Region was stable in 2018.

Official data showed that Tibet's import and export volume totaled 4.752 billion yuan ($701 million) last year. Meanwhile, trade between border residents exceeded 100 million yuan, a year-on-year increase of 169.3 percent. Trade with Nepal rose 4.6 percent year on year and accounted for 52.6 percent of all foreign trade.

Tibet has rolled out a series of measures to enhance border trade, while actively joining in the Belt and Road Initiative, which provided a strong impetus to its foreign trade development, said Liu Dali, chief of Lhasa Customs. Local authorities' promotion of economic cooperation with countries in South Asia and Southeast Asia also contributed to the stable foreign trade.

Last year, 26 new foreign-invested enterprises were set up in Tibet, bringing a foreign capital of $60 million.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue