The import and export value of goods between China and other Regional Comprehensive Economic Partnership (RCEP) member nations via the port touched 69.77 billion yuan (around $10 billion) in January–November 2022, which was an increase of 44.7 per cent YoY.
After the implementation of the RCEP a year ago, trade and economic cooperation within the region saw a boost as goods from China and other RCEP member states turn around quickly at Qinzhou Port, China Railway Nanning Group Co Ltd said.
The New International Land-Sea Trade Corridor, which was launched in 2017, is a trade and logistics passage that was a collaborative project between provincial-level regions in western China and Association of Southeast Asian Nations (ASEAN) members, according to several Chinese media reports.
ALCHEMPro News Desk (NB)
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