Int′l Investment Forum Held in Rason, DPRK

An international forum on investment in the Rason Economic and Trade Zone (RETZ) took place in Rason City in the Democratic People’s Republic of Korea on Tuesday.

It was attended by participants in the 2nd Rason International Trade Fair, which opened on Monday.

They watched videos on natural and geographical conditions and development situation of the RETZ and its prospect.

They were briefed on laws concerning the development of the zone, regulations for launching and operating foreign-invested businesses, foreign business activities and tourist industry in the zone.

Kim Yong Nam, a vice-director of the Rason City People’s Committee, said the RETZ will turn into a hub of transit transport, trade, investment and financial and tourism services, as well as an international port city in ten 10 years.

Zhang Xingquan, director general of the Siping Lishan Machinery Manufacturing Co., Ltd. in China, said the zone development will be profitable and expressed his intention to launch a joint venture in the city.

Leave a Reply

Your email address will not be published.