28 Feb 2019: WiseNet Asia facilitated a meeting between Chongqing Connectivity Initiative Bureau, China (CCIB) and Singapore Manufacturing Federation (SMF), the aim of the meeting is to create awareness and promote trade in the Southern Transport Corridor to members of SMF.
Chongqing Connectivity Initiative Bureau is represented by Mr Hu Jian Bo, Minister of the Transport & Logistics Promotion Department, CCI.
Singapore Manufacturing Federation is represented by Mr Poh Choon An, Vice President. Mr Poh is also the Vice Chairman, China and North Asia Business Group, Singapore Business Federation (SBF). Other attendees from Singapore included Mr Wesley Hui, Executive Director, WiseNet Asia, Mr Chan Fook Seng, Consulting Director, Global Trade Services and several other key figures from each of these entities.
The Southern Transport Corridor is an extension of the Chongqing Connectivity Initiative (CCI), the 3rd government-to-government joint project between China and Singapore. Chongqing is the western hub of the Belt and Road Initiative due to its strategic location that connects the “Silk Road Economic Belt”, “21st Century Maritime Silk” and the “Yangtze River Economic Belt”.
The Southern Transport Corridor is a southward trade route of multimodal rail and sea logistics networks. The Corridor consist of:
– Chongqing-Guizhou-Guangxi-Singapore rail-sea multi-modal logistics passage
– Southward cross-border road passage via the provinces of Sichuan, Guizhou and Guangxi
With Southern Transport Corridor and the Europe bound north west rail route (YuXinOu), Chongqing is well positioned as the logistics hub for the western region.
Most of the members of Singapore Manufacturing Federation have set ups in countries along the Southern Transport Corridor, hence they will benefit from lower cost of goods sent, and reduced shipping time. SMF currently has 3000 members; SBF have another 5000 members, members from both associations will be alerted on the new network and its opportunities.
As of to date, not many Singapore companies are aware of the Southern Transport Corridor. When the faster and lower cost transport networks are fully maximized, the benefits are enormous. Moving forward, WiseNet Asia will assist companies that intend to expand into Southern China through its strength in business matching and talents management.