Xizang Autonomous Region, also known as Tibet, has experienced a significant increase in the number of registered foreign trade companies. In 2023, the region recorded a total of 1,045 registered foreign trade companies, marking a year-on-year growth of 26.51 percent [12ff55ca].
This growth in registered foreign trade companies has contributed to the region's overall import and export of goods, which surpassed 10 billion yuan (approximately 1.41 billion U.S. dollars) in the same year. Xizang Autonomous Region has been exporting various goods, including local tea, milk, honey, and mushrooms, to countries such as India, Singapore, Kuwait, and Saudi Arabia. The customs authorities have played a crucial role in improving cross-border trade facilitation, which has boosted the confidence of foreign trade enterprises operating in the region [12ff55ca].
The increase in registered foreign trade companies in Xizang Autonomous Region highlights the region's growing importance in international trade. It showcases the region's potential for economic growth and its ability to attract foreign investment. The growth of foreign trade companies in Xizang Autonomous Region contributes to the overall economic development of the region and strengthens its position in the global market [12ff55ca].