A shipment of 25 containers of trucks was transported for the first time through the New International Land-Sea Trade Corridor (ILSTC), connecting China with Southeast Asia and the rest of the world.
The shipment of domestically manufactured vehicles was transported from southwest China’s Chongqing to Qinzhou by rail and sea to the Philippines. This marks the start of a new land-sea freight route for a regular vehicle export service, according to Chinese state news agency Xinhua.
Zhang Ding, deputy director of Tuanjiecun Station, Chongqing, told Xinhua: “Export of finished cars will be a regular service at the Tuanjiecun Station in Chongqing to meet individual demands of domestic and overseas clients.”
The journey takes a total of 10 days, a reduction of 30 days compared to the traditional river-sea transportation route through the Southern Transport Corridor.
The ILSTC was developed by the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) in November 2018. Goods previously exported along the route include auto parts, construction materials, chemical products, grains and frozen foods.
The ILSTC opens up opportunities to connect China with growing markets in other Association of Southeast Asian Nations (ASEAN) and further regions worldwide. Singapore and Chongqing Municipality are the main hubs for the trade route, providing access to each other’s markets, said the Singapore Ministry of Trade and Industry.
The ILSTC connects China's industrial areas with the Belt and Road Initiative and the Indo-China Peninsula in the south. It links 166 ports in 71 countries and regions worldwide.
Zhang Jun, Chinese assistant foreign minister, said at a meeting in January to discuss the development of the ILSTC: “We countries like China, Singapore, Thailand and other ASEAN countries are opening wider to the world. We're trying our best to get ourselves better integrated into the global value chain, industrial chain and supply chain. I think that's the right decision we need to make at this critical moment.”
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