Since 2006 the Chinese Government seeks to develop an economic
corridor that connects Nanning (Capital of the Guanxi Province)
with Singapore.
The Nanning (China)-Singapore Economic Corridor together with the China-ASEAN
Free Trade Area could become the pillars of China-ASEAN cooperation
under a strategy called "One Axis, Two Wings" whose objective is to achieve the economic integration between China and the ASEAN.
Seven of the eleven countries in the China-ASEAN Free Trade Area are
located in the Nanning (China)-Singapore Economic Corridor: China, Cambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam.
Indonesia, the Philippines, Brunei, and Myanmar are not located directly in the area of influence of the Nanning (China)-Singapore
Economic Corridor, but they may gain significant advantages.
It is also known as the Indochina-China Peninsula Economic Corridor (CICPEC)
The Nanning (China)-Singapore Economic Corridor is included in the New Silk
Road.
The China-ASEAN strategy also includes:
Pan-Beibu Gulf Economic Zone;
Greater Mekong Subregion (GMS).
Main features of the Nanning (China)-Singapore Economic Corridor
Main cities connected by the Nanning (China)-Singapore Economic Corridor:
Nanning (China), Hanoi, Vientiane (Vietnam), Phnom Penh (Cambodia), Bangkok (Thailand), Kuala Lumpur (Malaysia) and Singapore;
Access to Guangzhou - Shenzhen, the Greater Pearl River Delta, Hong Kong and Macau;
Estimated distance: 5,000 kilometers;
Estimated time Nanning (China)-Singapore when the corridor is finished: 2 days;
Main types of transport: land (Highways), air, rail, waterways and multimodal;
Asia: Australia, Bangladesh, India, Indonesia, Iran, Malaysia, Sri Lanka, Singapore, and Thailand;
Africa: Comoros, Kenya, Madagascar, Mauritius, Mozambique, the Seychelles, South Africa, and Tanzania;
Middle East: Oman, the United Arab Emirates, and Yemen.
Asian Clearing Union (ACU):
Bangladesh, Bhutan, India, Iran, Myanmar, Maldives,
Nepal, Pakistan and Sri Lanka;
Asia-Pacific Economic Cooperation (APEC):
Australia, Brunei Darussalam, Canada, Chile, China, South Korea,
United States, Philippines, Hong Kong, Indonesia, Japan, Malaysia,
México, New Zealand, Papua New Guinea, Peru, Russia, Singapore, Thailand,
Taiwan, Vietnam
Free Trade Agreements related to the countries of the Corridor
Chinese Free Trade Agreements (FTA): ASEAN, Singapore, Pakistan, New Zealand, Peru, Costa Rica, APEC, Shanghai Cooperation Organization, Asia-Pacific Trade Agreement, European Union, Andean Community...;
ASEAN
ASEAN Free Trade Agreements (FTA): China, Canada, Australia-New Zealand, India, European Union, South Korea, Russia, United States, Pakistan, Japan...;
Singaporean Free Trade Agreements:
Australia, China, Jordan, India, Japan, Korea, New Zealand, Panama, Peru, EFTA, United States...;
Thailand has Free Trade Agreements with India, the Gulf Cooperation Council (GCC), China, and New Zealand;