iChongqing Title

The New International Land-Sea Trade Corridor Serves as A"Bridge" for Cooperation

Mar 27,2019 ByCHEN YULINGICHONGQING

By Yuling Chen, EDITOR

On March 24, 2019, the Chongqing-ASEAN Enterprises Cooperation and Development & Chongqing “Belt and Road” Digital Economy Seminar kicked off in Chongqing. Experts present believed that facilitated by the New International Land-Sea Corridor, it is the high time to invest in the Association of Southeast Asian Nations (ASEAN).

The New International Land-Sea Trade Corridor (ILSTC) serves as a “bridge” for the cross-border investment and economic and trade cooperation.

Three main organizational forms of ILSTC logistics (Photo by Zhang Chen)

According to Liu Wenxian, Consultant of the Belt and Road Global Chambers of Commerce and Associations, by the end of 2018, there were 55 trains between Chongqing and Hanoi (Vietnam) under the international through railway transport. Additionally, the Chongqing-ASEAN Highway Regular Lorry had achieved 661 departures, with a service network extending from Vietnam, Laos and Myanmar to Bangkok in Thailand, Phnom Penh in Cambodia, Malaysia and Singapore.

Free-Trade-Zone-Orchard-Port

Chongqing Guoyuan Port

“For ASEAN countries such as the Cambodia, Laos, Myanmar, and Thailand, it is of great significance to add China-Europe freight trains in ILSTC. Then, more products from the ASEAN will have to expand export, and the China-Europe freight trains will have enhancing performances, so as to reduce the cost of users of the China-Europe freight trains.” Liu Wenxian said.

Hao Ren’ai, President of Guiren Big Data Group, said that China’s information technology and emerging digital economy have become new driving forces for the development of the national economy. Thus, it is suggested to transfer part of the domestic production capacity to countries along the “Belt and Road” routes, which will be a “new blue sea” for investment return. The Digitooo Group and Chongqing Zhihui Times Big Data Industry Co., Ltd., while building more than 3,000 franchise stores of cross-border digital trade nationwide, utilize blockchain technology and artificial intelligence technology to build themselves into the digital trade enterprises in the era of the Internet.

Source: CQCB

 

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