Summary
The New International Land-Sea Trade Corridor is deepening industrial cooperation between China and ASEAN. In the first half of this year, complete sets of Changan Q05 components dispatched from the Chongqing Jiangjin Comprehensive Bonded Zone via sea-rail intermodal transport reached markets including Thailand and Malaysia, with exports exceeding 6,000 sets and trade value surpassing 200 million yuan. Chongqing's innovative 'zone-port linkage' supervision model has cut comprehensive logistics costs for businesses by approximately 30 percent.
Cross-border road freight of electronic products exceeded 8.8 billion yuan in value in the first half, accounting for 79 percent of total freight value.
Commentary
The New International Land-Sea Trade Corridor delivers high-value products from western China directly to ASEAN, with logistics costs down 30 percent and electronic goods exceeding 8.8 billion yuan in value. New Zealand small and medium-sized enterprises should take note: under RCEP accumulation rules, NZ dairy and timber inputs can be embedded in the China-ASEAN processing chain to gain indirect export opportunities. The rise of ASEAN manufacturing could also divert orders.
It is advisable to compare logistics costs between this corridor and the southeastern coast, and to track bonded policies at key nodes.
Keywords: New International Land-Sea Trade Corridor, ASEAN, industrial co-operation, Chongqing, sea-rail intermodal transport, electromechanical products, China-Thailand freight train, cross-border road freight, logistics costs, dual corridors
Source: China News Service
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