BRI: Shanghai Gears up to Host 3,000 Enterprises for China International Import Expo in Nov.2019
Shanghai, Sept.29: Shanghai gears up to host the second edition of China International Import Expo (CIIE), a symbol of international cooperation, in Shanghai, from November 05 to 10, 2019, where nearly 3,000 companies from around the globe will be gathering to strike businesses deals worth billions. Experts say China is pulling out all the stops to champion free trade and globalization, despite recent US efforts to put up more trade barriers.
Officials of the CIIE, held under the Belt and Road Forum for International Cooperation and themed "New Era, Shared Future", is a significant move for the Chinese government to hold CIIE to give firm support to trade liberalization and economic globalization and actively open the Chinese market to the world. It facilitates countries and regions all over the world to strengthen economic cooperation and trade, and o promote global trade and world economic growth in order to make the world economy more open.
The China-proposed Belt and Road Initiative (BRI) has facilitated policy coordination, infrastructure connectivity, unimpeded trade, financial integration and closer people-to-people ties among countries participating in the BRI, according to the white paper titled "China and the World in the New Era."
“The Chinese government sincerely welcomes government officials, business communities, exhibitors and professional purchasers across the world to participate in CIIE and to explore the Chinese market. We would like to work with all countries, regions and international organizations to make CIIE a world-class Expo, providing new channels for countries and regions to do business, strengthen cooperation and promote common prosperity of the world economy and trade”, the organizers of the event say.
Recently, top companies and business leaders worldwide have shown great interest in the China International Import Expo being held in Shanghai since 2018 . The organizer said it would welcome attendees with more exhibition areas and better services.
By now, more than 1,000 enterprises have applied or registered to attend the expo, including about 200 Fortune 500 companies, and more companies are expected to join the event. The exhibition area has surpassed 270,000 square meters, according to data from the CIIE Bureau.
The exhibition hall covers technology, automobiles, equipment, medical instruments and medical care, service trade, food and agriculture.
As the world's first national-level import exposition, CIIE provides a platform for companies to display their products, popularize their brands and find more business partners in the world's second largest economy.
As put forward at the Belt and Road Forum for International Cooperation , the first CIIE, themed "New Era, Shared Future", was held , and attracted more than 3,600 companies and attendees from 172 countries, regions and international organizations.
In 2018, over 400,000 purchasers worldwide conducted business at the expo, with the value of orders and transactions reaching $57.83 billion. About 4,000 journalists from home and abroad attended the event.
"Through CIIE, we saw China's determination to build a more open business environment, promote globalization in the market and to meet people's expectations for a better life," said Lan Zhenzhen, vice-president of French cosmetic giant L'Oreal China. "It also lets us see the government's support for companies."
Lan said the company benefits from the many policies, such as tax and fee cuts, and loosened market access, which helps the development of foreign companies in China.
During last year's event, the company displayed more than 500 products, including debuting some cutting-edge cosmetics technologies, which attracted much attention from media and other professionals in the makeup industry, Lan added. The company has confirmed its participation in the CIIE.
The Hong Kong branch of helicopter purchasing solutions provider Sino-US Intercontinental Helicopter Investment was an exhibitor in the intelligent and high-end equipment area of CIIE last year. Zhang Rongyuan, assistant to the chairman of the company, said they benefited greatly from the event.
China International Import Expo (CIIE) has provided a rare platform for cooperation between China and the United States.
"On the economic front, CIIE opens the door to American exporters to sell goods and services in the vast Chinese market. The country has developed a strong appetite for quality products," said Khairy Tourk, a professor of economics with the Stuart School of Business at the Illinois Institute of Technology in Chicago.
Date: From November 05, 2019 09:30 until November 10, 2019 17:30
Venue: At Shanghai - National Exhibition and Convention Center (NECC) Address: No. 168 East Yinggang Road, Shanghai, China
By Muhammad Arif