Home / Business / CIIE to create opportunities for in-depth Pak-China trade cooperation

CIIE to create opportunities for in-depth Pak-China trade cooperation

By Wajid Khan,

SHANGHAI: The Chinese government official has said that China International Import Expo (CIIE) will create more opportunities for extensive and in-depth trade cooperation between Pakistan and China.
Gao Zhiqiang, the head of the Sales and Marketing Department of China’s International Import Expo Bureau has said that Pakistan and China’s economies are complementary to each other and this has been testified by close business and trade relations.
These business and trade relation between Pakistan and China has intensified in recent years and as long as companies from both countries are willing to engage in more extensive and in-depth Corporation there will be more opportunities emerge from these interactions.
While briefing to a delegation of foreign journalists from Asian and African countries about China’s first upcoming International Import Expo, Gao Zhiqiang said China International Import Expo will create opportunities in the areas of business and trade and also cultural and people to people exchange.
Official has said that least developed countries also can benefit for this opportunity.We will do utmost to help companies to get their business and benefits and facilitate companies to find out their suitable business partners. I believe only home grown or made products of participating countries will be very popular at the Expo. Indigenous Products from Pakistan and other countries with distinct qualities would get more popularity, He added.
The arrangements for the First China International Import Expo are well underway as it will open at National Exhibition and Convention Center on 5th November in Shanghai.
Ms. Zhong Xiaomin, Deputy Director General of China International Import Expo Bureau has informed journalists that it 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 to promote global trade and world economic growth in order to make the world economy more open. we have also made supporting policies for developing and least developed countries.
She added that 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.
In the next five years, China is expecting to import products and services valuing more than 10 trillion U.S. dollars, which provides a historic opportunity for enterprises across the world to enter the huge Chinese market.
Enterprises from over 100 countries and regions are expected to participate in the first CIIE and so far, companies from 80 countries have confirmed their participation for Expo. The CIIE will facilitate participation in terms of customs clearance, inspection and quarantine, provide long-term one-stop transaction services online and of-fline, and strengthen protection of intellectual property rights to safeguard the rights and interests of merchants, she added.
The CIIE has invited Chinese enterprises from across the country to come to do business. Merchants from other countries has been invited to the Expo. It is estimated that 150,000 domestic and foreign professional purchasers will participate in the Expo.
She further added that Expo is a major decision made by the Chinese government to promote opening up at a higher level and also a major step taken by China to actively open up its Market to the world. Participants will include from G20, BRICS, Shanghai Cooperation Organization countries, Belt and Road member companies as well as least developed countries.
This is going to be a platform where countries are going to showcase their development achievements and enjoy equal opportunities of cultural and business exchanges. Because of very active response from countries around the world, it has been decided to increase of the exhibition space to 270000 square meters. I86 companies from 38African countries, 1200 companies from 39 Asian and 56 companies from the seven ASEAN countries have confirmed their participation so far, she said.

Check Also

Christchurch mosque shootings: New Zealand to ban military style weapons

Christchurch: New Zealand will ban all types of semi-automatic weapons and assault rifles following the …