One Belt and One Road-Smart Route Launching will improve Ningbo Port’s power and influence | Sowoll

Release time: Monday, June 11, 2018
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In the afternoon of June 7,a smart route conference with the theme of Serve One Belt and One Road, Serve Central and Eastern Europe” was held at the Ningbo International Convention and Exhibition Center.

The current challenges of “One Belt and One Road” in Central and Eastern European trade logistics are High logistics costs, long freight cycles, inability to set up port capacity, sparse routes, and imperfect freight supporting services, etc. In order to face these challenges, Ningbo Free Trade Zone established the “One Belt and One Road” smart route with COSCO, which will leverage on the unique advantages of the Ningbo Bonded Zone’s trade agglomeration, regional functions, and the port, etc.
At the same time, smart routes are equipped with comprehensive supply chain service functions. It will provide value-added services such as supply chain finance, trade agency, and electronic information for the “One Belt and One Road” of Central and Eastern European trade. It is striving to create the lowest transaction costs, the best transaction flow, and transaction risks controllable "one-stop" trade service platform.
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