Business News Asia
The Kunming Customs Department in southwest China has cleared more than 2.23 million tons of cargo transported via the China-Laos Railway. Since the rail line opened 13 months ago, cargo worth nearly 14.57 billion yuan has been cleared. Counting only December last year, Kunming Customs cleared 286,000 tons of import and export goods via the railroad, an increase of 6.04 times over the first month of operation, while the value of goods reached 616 million yuan, an increase of 6.2 times.
The head of an international logistics company in Xishuangbanna Autonomous Prefecture of the Tai ethnic group in Yunnan Province (Yunnan) in southwest China pointed out that his company has been able to handle a wider range of import and export goods since the opening of the China-Laos Railway. Business volume has increased by 40% year-on-year and market competitiveness has improved significantly.
The China-Laos Railway, which is over 1,000 kilometers long, was put into operation in December 2021 and connects Kunming, the capital of Yunnan, with Vientiane, the capital of Laos.