The New International Land-Sea Trade Corridor, a trade and logistics passage, has expanded its reach to 315 ports in 107 countries and regions
The corridor is jointly built by Singapore and provincial-level regions of western China, with Chongqing as its center of operations
The volume of container traffic through the passage increased 186 times in 2021 compared with that in 2017
On January 1 this year, the Regional Comprehensive Economic Partnership (RCEP) officially came into force
Under the agreement, more than 90 percent of merchandise trade between its members will eventually enjoy zero tariffs
Since the beginning of this year, RCEP member countries with existing bilateral free trade agreements and RCEP certificates of origin in effect have enjoyed a total of 198 million yuan (about 30 million U.S. dollars) in tax reductions, through Guangxi's Qinzhou port, a major link between south China and Southeast Asia
Since its opening in 2017, the number of TEUs transported from Chongqing through the New International Land-Sea Trade Corridor rose from less than 3,000 to 112,000 in 2021, while the value of goods rose from 580 million yuan to 18.7 billion yuan over the same period
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