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Tuesday, December 5, 2023

New freight route for RCEP countries opens in China’s Shenyang

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The Chengtong Trade Port Free Trade Zone in Shenbei New District, Shenyang, capital of northeast China’s Liaoning province, saw the departure of a train carrying cargo containers from Regional Comprehensive Economic Partnership (RCEP) member countries, including Laos, Vietnam, and Japan recently. This train marks the beginning of a new international freight route for RCEP member countries, linking Shenyang to Europe via entrepot trade.

The Chengtong Trade Port has extensive rail resources, enabling it to connect different logistics routes such as the China-Europe freight trains and the China-Laos Railway. This connection streamlines the collection and transportation of general trade goods, cross-border e-commerce goods, transit goods, and bonded goods at the same location, facilitating trade among RCEP member countries, according to local media reports.

A train carrying cargo containers from RCEP countries departed from Chengtong Trade Port Free Trade Zone in Shenyang, China, marking the start of a new freight route to Europe via entrepot trade. The port connects different logistics routes, facilitating trade among RCEP nations. Shenbei plans to build a 20,000-square-meter RCEP enterprise service centre.

According to local authorities, Shenbei New District plans to build a 20,000-square-metre RCEP enterprise service centre to expand its focus from a single logistics channel to a comprehensive industrial layout and supply chain. This expansion aims to support RCEP member countries in conducting international trade by providing comprehensive services and logistics solutions.

Fibre2Fashion News Desk (NB)


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