Belt and Road Industrial Park

Overseas economic and trade cooperation zones (economic zones) developed by Chinese enterprises under the Belt and Road Initiative have been driving economic growth along the Belt and Road, providing an important platform for fostering international cooperation and financial integration. Against a backdrop of restructuring of global supply chains, small and medium-size enterprises (SMEs) can leverage theses economic zones as alternative production bases, which can help to diversify risk by lowering raw materials and labour costs as well as helping companies penetrate new markets. The following are some of the economic zones endorsed by the Ministry of Commerce of the People’s Republic of China which could serve as gateways for enterprises looking for new business opportunities along the Belt and Road.

Southeast Asia

Location:
12km from Sihanoukville international deep-water port and train station, 3km from Sihanouk International Airport, Cambodia
Executing Enterprise:
Jiangsu Taihu Cambodia International Economic Cooperation Investment Co., Ltd.
Related Industries:
Textile and garments, luggage and leather goods, wood products, machinery and construction materials
Incentives:
Exemption from tariffs, tax exemption period

Location:
Morowali Regency, Central Sulawesi, Indonesia
Executing Enterprise:
Shanghai Decent Investment (Group) Co., Ltd.
Related Industries:
Exploitation and processing of nickel, chromium and iron ore resources
Incentives:
Provision of tax incentives, exemption from equipment tariffs

Location:
Industrial corridor of East of Jakarta, Indonesia
Executing Enterprise:
Guangxi State Farm Group
Related Industries:
Auto parts manufacturing, machinery, agricultural products processing, construction materials
Incentives:
Reduction of income tax, no government foreign exchange control, free remittance of foreign capital

Location:
Kalimantan Island and Lampung, Sumatra, Indonesia
Executing Enterprise:
Tianjin Julong Jiahua Investment Group Co., Ltd.
Related Industries:
Oil palm plantation, palm oil processing, branded oil production and packaging
Incentives:
Security team and management committee to ensure smooth business operations in the cooperation zone

Location:
17km from North East Vientiane City, Laos
Executing Enterprise:
Yunnan Provincial Overseas Investment Co., Ltd.
Related Industries:
Agricultural products processing, textiles and garments, hardware, machinery, clean energy
Incentives:
Exemption from income tax, tariffs, value-added tax

Location:
Lahore, the capital of Punjab, Pakistan
Executing Enterprise:
Haier Electronics Group Co., Ltd.
Related Industries:
Home appliances, textile and garments, construction materials, automobiles
Incentives:
All-round support services for enterprises in the zone

Location:
114km from Bangkok and 36km from Pattaya, Thailand
Executing Enterprise:
Holley Group Co., Ltd.
Related Industries:
Auto parts manufacturing, machinery, electronics and appliances, construction materials
Incentives:
Exemption from income tax, machinery import tariffs

Location:
Approximately 50km from Ho Chi Minh City, international airport and Saigon Port
Executing Enterprise:
Qianjiang Investment Management Co., Ltd.
Related Industries:
Electronics and appliances, machinery, light industries, wood products, food, biopharmaceutical products, agricultural and forestry products processing.
Incentives:
Exemption from income tax, import tax and product export tax

Central Asia

Location:
Iskra, Chuy Region, Kyrgyzstan
Executing Enterprise:
Henan Guiyou Industrial Group Co., Ltd.
Related Industries:
Agricultural cultivation, livestock and poultry farming, feed processing, farm machinery and parts
Incentives:
Exemption from land lease for one year, tax exemption for agricultural products

Location:
Sirdaryo Region, Uzbekistan
Executing Enterprise:
Wenzhou Jinsheng Trading Company Ltd.
Related Industries:
Ceramic tiles, tanning, shoemaking, faucet valves production, bathroom facilities
Incentives:
Exemption from land tax, profit tax, corporate property tax

Middle East and Africa

Location:
The north-western part of the Suez Gulf region, 120km from Cairo, Egypt
Executing Enterprise:
China-Africa TEDA Investment Co., Ltd.
Related Industries:
Petroleum equipment, electronic appliances, textiles and garments, construction materials, machinery manufacturing
Incentives:
Exemption from tariffs, sales tax

Location:
Oromia Region, approx. 30km from Addis Ababa and Bole International Airport, Ethiopia
Executing Enterprise:
Jiangsu Yongyuan Investment Co., Ltd.
Related Industries:
Textiles and garments, construction materials, light industries, metal products
Incentives:
Profit tax exemption period and exemption from import tax

Location:
The Lekki Peninsula, southeast of Lagos, Nigeria
Executing Enterprise:
China-Africa Lekki Investment Ltd.
Related Industries:
Manufacturing, commercial logistics, petroleum gas
Incentives:
Exemption from enterprise income tax and import tariffs

Location:
Northeast of Lusaka, and Karushi, Copper Belt Province, Zambia
Executing Enterprise:
China Nonferrous Metal Mining Group
Related Industries:
Copper and cobalt mineral resources, environmental protection production and resources, coloured metal industry
Incentives:
Exemption from enterprise income tax, profits tax, import tariffs and value-added tax

Central and Eastern Europe

Location:
25km east of Minsk, Belarus
Executing Enterprise:
China CAMC Engineering Co., Ltd.
Related Industries:
Telecommunication equipment, biotechnology, pharmaceuticals, fine chemicals
Incentives:
Exemption from income tax, land tax, property tax, import tariffs and value-added tax

Location:
Budapest, Hungary
Executing Enterprise:
Shandong Dihao International Investment Co., Ltd.
Related Industries:
Manufacturing, commerce, logistics
Incentives:
Entitled to European Union subsidies, income tax reductions

Location:
Kazincbarcika, Northern Hungary
Executing Enterprise:
Wanhua Industrial Group Co., Ltd.
Related Industries:
Chemicals, biochemicals, logistics, light industries and machinery
Incentives:
Entitled to European Union subsidies, land tax exemption, business tax refund

Location:
Ussuriysk, Russia
Executing Enterprise:
Kangji International Investment Co., Ltd.
Related Industries:
Light industries, electro-mechanics, wood products, shoemaking, textiles and garments, construction materials, food, auto parts manufacturing
Incentives:
Exemption period for profit tax, property tax and land tax

Location:
Tomsk and Kemerovo, Russia
Executing Enterprise:
AVIC Forestry
Related Industries:
Forestry, wood board processing, furniture, pulp
Incentives:
Loan subsidies, entitled to national treatment on financial and tax benefits

Location:
Far Eastern Federal District, Russia
Executing Enterprise:
Mudanjiang Longyue Trading Co., Ltd.
Related Industries:
Forestry, timber, precision processing
Incentives:
Up to 49 years term of lease for forest area

Location:
Primorsky Krai, Far Eastern Federal District, Russia
Executing Enterprise:
Huaxin Group
Related Industries:
Agricultural cultivation, agricultural products processing, logistics, livestock and poultry farming
Incentives:
Consultation on customs clearance, logistics, tax returns, finance and legal policies for enterprises in the zone

Information provided by the Ministry of Commerce of the People’s Republic of China in August 2019.