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KIEV Clarence Weatherspoon Jersey , Sept. 21 (Xinhua) -- The World Bank (WB) supports farmland reform in Ukraine, which envisages the cancellation of the country's ban on the farmland trade, a senior official at the bank said on Thursday.


"According to our estimates, this can give an impetus to the development of the country," Satu Kahkonen Charles Barkley Jersey , the bank's country director for Belarus, Moldova and Ukraine, said at the Ukrainian Financial Forum in the southern city of Odessa.


The WB hopes that the Ukrainian authorities will take necessary steps to launch the reform by the end of November, Kahkonen added.


The liberalization of the land market is a highly controversial issue in Ukraine. Its supporters claim that the ban limits the rights of about 6.9 million Ukraine's land plot owners to dispose of their property.


Meanwhile, critics claim that small landowners may lose their plots once the ban is lifted as big agricultural firms may manage to take away their farmland.


The Ukrainian Agriculture Ministry estimated the market value of Ukraine's farmland of 42 million hectares Amir Johnson Jersey , of which 32 million hectares are arable, at nearly 100 billion U.S. dollars.


In 2001, Ukraine adopted a land code and reviving a ban on farmland trade, which was first imposed in 1992. Since 2001, the Ukrainian authorities has been prohibited the country's land owners from selling their plots.


The International Monetary Fund also has recommended Ukraine lift the ban to attract additional funds to the state budget Ben Simmons 76ers Jersey , but Ukrainian lawmakers rejected the idea, worried Ukraine's small landowners may lose their plots due to corruption.


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HOHHOT, Sept. 21 (Xinhua) -- China 22MCC Group Thursday signed an agreement on infrastructure programs with the municipal government of Erenhot, China's largest hub for cross-border trade with Mongolia Wilson Chandler 76ers Jersey , marking the official beginning of construction on the China-Mongolia economic cooperation zone.


Under the agreement, China 22MCC Group is responsible for the construction of underground pipelines, office buildings, roads and plants within the Chinese section of the zone. The total investment for the projects is around 824 million yuan (125 million U.S. dollars).


Construction of the infrastructure will take two years, and China 22MCC Group will be the operator of the facilities for another 13 years.


In 2015 JJ Redick 76ers Jersey , China and Mongolia agreed to dedicate 9 square kilometers on each side of the border to a joint economic zone, which comprises land in Erenhot, Inner Mongolia Autonomous Region and Zamyn-Uud, Mongolia. In May 2016, the two countries formally agreed on a comprehensive plan for the economic cooperation zone Allen Iverson 76ers Jersey , which is expected to bolster trade in the China-Mongolia-Russia economic corridor.


The zone is a all-inclusive platform integrating international trade, logistics and warehousing, e-commerce, tourism and entertainment, as well as international finance.


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