China to create trade zone with Thailand and Laos as tariffs bite

Beijing looks to boost ties with the two Mekong nations amid a trade war escalation

border

Workers load a Chinese boat at a Thai Mekong river port in the Golden Triangle region, where the borders of Thailand, Laos and Myanmar meet. 

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- As the trade war with the U.S. intensifies, China is looking to strengthen commercial ties with countries in the Mekong region of Southeast Asia by setting up a free-trade zone on the border between Thailand and Laos.

In the planned zone, Beijing will waive tariffs and value-added tax on imports from countries that do not share a border with China.

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