The Fourth WCIFIT Launched to Seek Deeper Cooperation Through CCI-ILSTC
PR97152
CHONGQING, China, July 22, 2022 /PRNewswire=KYODO JBN/ --
A news report from iChongqing:
The Fourth Western China International Fair for Investment and Trade (WCIFIT)
Opening Ceremony and the 2022 CCI-ILSTC International Cooperation Forum kicked
off on July 22 in Southwest China's Chongqing Municipality.
Elites and experts from all industries discussed how to improve the supporting
role of the regional industrial chain and supply chain and provided new ideas
to deepen international cooperation through the New International Land-sea
Trade Corridor (ILSTC) at the forum.
"Interconnectivity is the core of supply chain resilience, in which
visualization is one of the key aspects," said Josephine Teo, Minister for
Communications and Information and Second Minister for Home Affairs of
Singapore.
"PSA and Chongqing Port and Logistics Office have started to work together to
verify the feasibility of the China-Singapore (Chongqing) International
Dedicated Connectivity," she said. "Once successful, shippers and cargo owners
can check the status of their goods more efficiently and achieve more flexible
supply chain management."
The CCI- ILSTC is not only a corridor for commercial trade but also carries the
vision of shared development, said Kho Choon Keng, President of Singapore
Chinese Chamber of Commerce & Industry.
"Sino-Singapore cooperation has experienced different stages of development
such as industrialization, urbanization, and green sustainability," he said.
"Now it is catching up with the wave of development in the digital economy and
information technology."
The 2021 Development Index and the International Trade Single Window of ILSTC
in Western China were released after the forum.
Data shows that the ILSTC development index in 2021 was 112.9, where the three
first-level indicators of scale, quality, and competitiveness achieved growth.
The ILSTC's overall operation has reached a new level, highlighting its
positive driving effect on the development of the regions along the route.
At the fourth WCIFIT, Chongqing and Sichuan has signed 71major projects with a
contracted investment of 227.03 billion yuan (about 33.53 billion U.S.
dollars), centering as new energy vehicles, electronic information,
biomedicine, and modern finance. A total of 1,212 companies from 26 countries
and regions participated in the exhibition.
Fortune 500 enterprises bring brand-new products and technologies to the event.
eBay, Amazon, Microsoft, Google, Ailesco, and other cross-border e-commerce
players also debut their latest results and products at the fair.
Source: iChongqing
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Caption: The Fourth WCIFIT Opening Ceremony and the 2022 CCI-ILSTC International
Cooperation Forum kicked off on July 22 in Chongqing. (iChongqing/ Wang Yiling)
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