Macedonia is ready to establish a separate industrial zone provided that Chinese companies decide to invest in the country, said Prime Minister Nikola Gruevski after meeting his Chinese counterpart Wen Jiabao in Dalian, China, on Thursday.

"Macedonia has a free trade agreement with the European Union, Ukraine, Turkey, Albania, the countries of the former Yugoslavia and a few others, including Switzerland and Norway," Gruevski said.

He also explained that investors in the free economic zones are exempt from profit tax and personal income tax in the first ten years and have to pay a 10 percent profit tax and personal income tax after that.