YCH Group signs MOU with Chongqing Government for logistics services between China and ASEAN

YCH Group, Asia Pacific's leading integrated end-to-end supply chain management and logistics partner has signed a three-year Memorandum of Understanding (MOU) with the Chongqing Banan District Government, Chongqing ASEAN International Logistics, and Y3 Technologies, a leading supply chain management information technology and services company.The MOU aims to establish Chongqing as ASEAN's Logistics hub in China, and will include logistics and trucking services, consolidation or deconsolidation of goods and IT platforms to support these services beyond Laos and Vietnam, to the rest of ASEAN.This third collaboration between Singapore and China is timely, in light of Singapore and China commemorating 25 years of diplomatic relations in 2015, and the launch of the Chongqing Connectivity Initiative (CCI), during President Xi's state visit to Singapore in 2015, with logistics as one of the key focus areas.