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Neither nation now uses its trucks to import and export goods more than a few miles past the border.
It is unclear exactly how the free trade zone would operate, but businesses and traders in the zone would probably be more free to import and export goods without customs approvals, and to convert foreign currency into renminbi more freely.
Conventional clearance of import and export goods uses paper-based manual procedures, added as much as 10% to the product cost and led to delays and time penalties, lost business opportunities and reduced competitiveness.
Commodity prices in each star system would fluctuate, according to the activities of the computer controlled traders, who import and export goods.
Poor foreign affairs departments can cause citizens to have trouble traveling outside the country and can impact the ability to import and export goods.
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A freer exchange rate would hurt China's ability to import jobs and export goods.
To stimulate investment in Kaliningrad, a special economic zone that exempts from customs duties most imported and exported goods was established there.
Closing such international accounts, known as 'derisking', hurts developing countries because without relationships with big international banks, accessing finance for importing and exporting goods and transferring money abroad becomes harder and more expensive.
In addition, customs agencies and other groups tasked with monitoring imported and exported goods could use it to justify stricter controls and thereby reduce the chances that an accidental release of an invasive species would devastate crops, severely weaken native ecosystems, or result in a disease outbreak.
Umunna's grandfather taught him about horse racing, while his father, who established a business importing and exporting goods from west Africa, gave his son a taste for commerce and a lifelong love for Crystal Palace football club, where he worked in the box office as a teenager.
And Egypt has proven a remarkable reformer recently, slashing minimum capital requirements for starting a business, cutting costs for property registration and speeding up shipping times on imported and exported goods.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com