N-Korea announced visa-free entry for foreigners

n-korea N-Korea announced visa-free entry for foreigners. North Korea said Thursday that foreigners will be allowed visa-free access to a new economic zone off the west coast, as well as tax breaks.

North Korea and China, and common development, marked on the Yalu River on the border between the two islands and Hwanggumphyong Wihwado. Construction began in December last year.

Foreigners and vehicles through designated routes visa to enter or leave the area did not produce a passport or other equivalent passage, said: “Pyongyang’s official news agency. The country is generally strictly limited to foreign tourists.

He said earlier, through a special law, investors will be given preferential treatment in the payment of customs duties, taxes and land use.

He said that the tariff will not be collected for processing materials in the finished product area.

Poor countries are communist efforts to revive the economy, foreign investment in special economic zones.

South Korean agency Yonhap News in February of this year, China will invest about $ 3 billion U.S., developing countries bordering the free trade area in northern China and Russia around the Rason port. The north has grown dependent on international sanctions on Beijing’s missile and nuclear programs to limit access to international credit.


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