Southwest China's Tibet Autonomous Region achieved US$290
million of foreign trade in 2006, a year-on-year increase of 40.7
percent, the regional government reported on Tuesday.
Exports hit more than US$199 million, up 21 percent
from last year, while imports reached more than US$90 million, a
125 percent surge, according to the regional Commerce
Department.
"The boom can be attributed to the Qinghai-Tibet railway and the reopening of
Nathu La Pass and trading markets on the China-India border," said
Tan Yungao, director of the department.
Major export commodities include "summer-grass
winter-worm", a fungus that has been used in Chinese medicine to
improve people's immunity for thousands of years. The herb sells at
thousands of US dollars per kilogram.
Other commodities for export include wool, cashmere
products and Tibetan blankets, according to the
official.
The Renqinggang interim market on the China-India
border notched up 1.49 million yuan (US$190,000 million) in imports
and exports from July to September, the opening period.
The market lies some 16 kilometers from Nathu La Pass
on the China-India border, which reopened last July 44 years after
a frontier conflict closed down the ancient "Silk Road".
The inauguration of the Qinghai-Tibet Railway on July
1 last year ended the history of no railways in Tibet and has
created opportunities for regional development.
Border trade exceeded 157 million yuan (US$20
million), up 28.71 percent from 2005 and representing 54 percent of
the region's total foreign trade volume.
(Xinhua News Agency January 23, 2007)
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