MAS chief proposes full digitalisation of China-Asean trade route

Singapore

A LAND and sea trade route connecting Western China and Asean could be fully digitalised to further promote trade flows, Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said on Monday.

Mr Menon made the remarks during a virtual keynote address at the third Singapore-China (Chongqing) Connectivity Initiative (CCI) Financial Summit. The trade route he was referring to is the New International Land-Sea Trade Corridor (ILSTC), which connects Western China and South-east Asia.