KUALA LUMPUR, Oct 27 -- At the 2021 ‘Belt and Road’ Land-sea Linkage Qingdao Summit held recently, the Global International Shipping Center Index - Northeast Asia Report (2021), Xinhua-Shandong Port Bulk Commodity Index and trade connectivity index report of RCEP member states (2021) were published.
Experts believe that through accurate depiction of the changes of port bulk commodity trade in the form of indexes and establishment of the efficient linkage among ports, bulk commodity and trade, the competitiveness of ports will be enhanced.
In addition, trade transformation and upgrading will be expedited, and the ability to stabilise the price and supply of bulk commodities will be strengthened, so as to provide a ‘bellwether’ for the development of the industry, according to a statement.
The ‘Global International Shipping Center Index’, established by China Economic Information Service with support of the Baltic Exchange, is another world-class port and shipping evaluation index launched globally, on the basis of the ‘Xinhua-Baltic International Shipping Center Development Index’.
The first phase of the index focused on Northeast Asia, and 17 ports in China, Japan, South Korea and Russia were selected as sample ports.
Meanwhile, Xinhua-Shandong Port Bulk Commodity Index was developed and established by Shandong Port Group Co Ltd in collaboration with China Economic Information Service.
It is an important move for the Port to probe into the possibility of taking the index as the starting point to enhance the ability of global resource allocation.
In the trade connectivity index report of RCEP member states (2021), a number of bilateral trade network relations were established in terms of trade exchanges, capital flows and key commodities to show the overall trade status and future evolution among RCEP member states, and reflect the development level of trade interoperability of RCEP member states.
The report also points out that major member states of RCEP are highly complementary in terms of industrial structure and have a close trade and investment relation in import and export, with a promising prospect for future cooperation.
-- BERNAMA
No comments:
Post a Comment