Countries along the New International Land-Sea Trade Corridor and 14 Chinese provinces, autonomous regions and cities jointly released a cooperation initiative at a trade and investment fair in southwest China's Chongqing Municipality Friday.

The cooperation initiative was issued by Indonesia, Vietnam, Laos and other countries along the trade corridor with 12 provincial-level regions of western China, the southern island province Hainan, and Zhanjiang city in the Guangdong Province, at the ongoing third Western China International Fair for Investment and Trade, or the WCIFIT.

The parties should mobilize their strengths to facilitate trade, promote investment, improve industrial chains, optimize supply chains, enhance value chains, and facilitate high-standard regional economic integration, the initiative said.

All parties should leverage the role of the trade corridor's operational and organizational center to strengthen bilateral, trilateral, and multilateral cooperation, the initiative said.

It also called for relevant parties to implement innovation-based development strategies, deepen cooperation in the digital economy, improve infrastructure facilities and modern logistics systems, among others. These efforts should build an open corridor that is convenient, safe, and efficient and promotes green growth and low carbon operations.

The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by Singapore and provincial-level regions of western China. Chongqing is one of the corridor's centers of operation.

The third WCIFIT will last four days from Thursday to Sunday in Chongqing. 

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