The ILSTC is part of the China-Singapore (Chongqing) Connectivity Initiative (CCI). First mooted in November 2015, it is Singapore’s third government-to-government initiative with China, after the Suzhou Industrial Park in the 1990s and the Tianjin Eco-city in 2008.
SINGAPORE (Sept 23): Singapore is working with China to develop the New International Land-Sea Trade Corridor (ILSTC), which is envisioned to become “the most efficient trade route between Western China and Southeast Asia,” according to Senior Minister of State for Trade and Industry, Koh Poh Koon.
Speaking at the sidelines of 16th China-Asean Business and Investment Summit in Nanning, the capital of China’s Guangxi region, Koh says the project aims to improve traditional air, land, sea and river links, as well as strengthen modern dimensions of connectivity such as data, talent, technology and financial flows.
