The APEC Port Service Network was officially founded on Wednesday in Ningbo city, of Zhejiang province. 14 members will initially take part in the APSN.
It aims to enhance trade and cooperation in port and related industries. The network is the first comprehensive open alliance in the transportation field in the Asia-Pacific region. As a cooperation platform, the alliance hopes to eliminate the negative impact of the differences that exist at current ports.
APEC's trade volume accounts for almost half of the world's volume. The Asia-Pacific region has seen the fastest growth rate of container throughput in the world, developing into one of the most energetic regions in the global economy. The proposal was first raised by Chinese President Hu Jintao at the 14th APEC non-official summit meeting held in December 2006.
It aims to enhance trade and cooperation in port and related industries. The network is the first comprehensive open alliance in the transportation field in the Asia-Pacific region. As a cooperation platform, the alliance hopes to eliminate the negative impact of the differences that exist at current ports.
APEC's trade volume accounts for almost half of the world's volume. The Asia-Pacific region has seen the fastest growth rate of container throughput in the world, developing into one of the most energetic regions in the global economy. The proposal was first raised by Chinese President Hu Jintao at the 14th APEC non-official summit meeting held in December 2006.