(MENAFN) Northeast China's Heilongjiang Province has exported an industrial park processing herbal medicines imported from Russia.
According to local officials, the industrial park in the Suifenhe sub-area of the Heilongjiang Pilot Free Trade Zone (FTZ) has seen the registration of six herbal medicine processing companies.
The park will have an annual medicine processing capacity of 165,000 tonnes, with an overall investment of 339 million yuan (about 51.46 million U.S. dollars),
A new policy allows herbal medicines, such as ginseng and licorice, from Russia to be processed in the Suifenhe area of the FTZ.
Imported drugs can be unloaded, primarily processed and sold directly in Suifenhe, thus helping companies reduce costs, said Wang Tengli, general manager of a local pharmaceutical trading company with an annual processing capacity of 2,000 tonnes.
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