New international land-sea corridor to boost Chinese trade with ASEAN

China’s Ministry of Transport has decided to set up a special office to oversee the operation of the New International Land-Sea Trade Corridor, a major trade channel between western Chinese provinces and ASEAN countries. It is expected that the expansion of cross-border transport routes will deeply connect the markets, resources and industries of countries and regions along the routes and create development opportunities for China and ASEAN countries, experts said.

The Ministry of Transport said it has listed the work to promote the construction of a comprehensive transportation system for the trade corridor as a key task to serve the construction of a new development pattern, and it has told member units to strengthen coordination, give full play to the respective advantages of the central and local governments, and continuously promote the high-quality development of the western land-sea corridor.

The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by ASEAN countries and provincial-level regions of western China. Southwest China's Chongqing municipality is the center of operations for the corridor.

Source: globaltimes.cn


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