CBN丨Guangdong and ASEAN to build deeper supply chain integration
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Here’swhatyouneedtoknowaboutChinainthepast24hours
Guangdongplanstofurtherstrengthencross-bordercooperationwiththeAssociationofSoutheastAsianNations,theChineseprovince’slargesttradingpartner,todrivetwo-waytradeandinvestmentgrowth,accordingtoaconferencetopromotetradeandsupplychaincollaborationbetweenthepair.
Intermsoftransbordere-commercecooperation,thetworegionsenjoyclearadvantagesinindustrialsynergyanddigitalempowerment,effectivelydrivingthedeepintegrationof“Guangdongmanufacturing”with“ASEANdemand”andinjectingstrongmomentumintotheregionaleconomy,CuiShuang,vicepresidentoftheGuangdongcommitteeoftheChinaCouncilforthePromotionofInternationalTrade,saidattheconferenceyesterday.
ASEANhasbeenGuangdong’slargesttradingpartnerforfiveconsecutiveyears,Cuinoted.Guangdong-ASEANtraderose8percentto1.5trillionyuanlastyearfrom2023,accountingforafifthofChina’sforeigntradewiththeregionalbloc.
Thepairwillhopefullystrengthenpolicyexchange,createanefficientandconvenientregionalsupplychainenvironment,andpromotethecoordinatedupgradingofkeysupplychainsandfurtherdeepenplatformcooperation,PovSomnang,specialassistanttothesecretary-generalofASEANandpresidentoftheASEANEconomicandTradePromotionAssociation,toldtheconference.
Goingforward,GuangdongandThailandcandeepencooperationinfiveareas,accordingtoLiWenli,presidentoftheThaiChamberofCommerceinChina.Theyaresupply-chainsynergytoboostefficiency;smartupgradestologisticssystems;optimizedbilateraltaxcollaborationmechanisms;jointtalentandculturepromotion;andstrengthened,standardizedcross-borderpayments.
CambodiawelcomesenterprisesfromGuangdongtobuildproductionbasesinthecountryandinvestinagriculturalprocessing,electronicsassembly,garmentmanufacturing,logistics,andotherareas,saidSwinali,adeputysecretaryofstateatCambodia’scommerceministry.
Alsoattheconference,theCCPITGuangdonginkedmemorandaofunderstandingwithbusinessorganizationsfromASEANmembercountries,andtheGuangdong-ASEANenterpriseserviceplatformwaslaunched,aimedathelpingChinesefirmsexpandinASEANcountriesandviceversa.
Moreover,sevenprojectsweresigned,includinganIndonesiancoalmineinvestmentdealbetweenGuangdongImportandExportandChinaQinfaGroup,aswellasaUSD3.1billiontie-upbetweenGuangdongProvincialTourismHoldingsandNewHuaSheng2022.
Additionallyattheconference,Guangdong’sfirstfiveoverseastradeandinvestmentservicecentersweresetupinCambodia,Malaysia,Singapore,Indonesia,andVietnam.
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