The second China International Import Expo (CIIE) will take place in Shanghai from Nov. 5 to 10
GMF news - World Trade Fair Guide. Turin, November 4, 2019 –
Trade promotion body to facilitate cooperation during 2nd CIIE
The China Council for the Promotion of International Trade (CCPIT) will offer a string of services and platforms to facilitate exchanges and cooperation between Chinese and foreign firms during the upcoming 2nd China International Import Expo (CIIE).
A batch of ATA Carnet work stations will be placed at Shanghai Pudong International Airport and other sites to aid Customs clearance of exhibits.
Meanwhile, the CCPIT will assist the event's organizers in intellectual property services and build pavilions and booths for countries and regions like Uruguay, Zambia and Tanzania.
During the expo, running from Nov. 5 to 10 in Shanghai, the organization will hold seven on-site activities covering trade facilitation, M&As and agriculture to support cooperation between Chinese and foreign enterprises.
Foreign officials eyeing CIIE as opportunity to deepen cooperation with China
The upcoming second China International Import Expo (CIIE) in Shanghai from Nov. 5 to 10 is an excellent opportunity for countries around the world to deepen cooperation with China, foreign officials have said.
Greek Prime Minister Kyriakos Mitsotakis told Xinhua in a recent written interview that the second CIIE is a time to showcase the strong Greece-China relationship despite future global uncertainties.
Mitsotakis said Greece and China have established a powerful and enduring friendship based on mutual respect for each other's cultural legacies, as well as a strong trade and economic relationship.
"The sectors for which we would like to see further improvement in our cooperation with China include the agricultural sector, investment in transport and infrastructure, the maritime sector, energy, telecommunications, innovation, research and technology and of course tourism," he said when asked about Greece's expectations for the forthcoming expo.
The Greek prime minister, whose country is one of the guest-of-honor countries at this year's expo, will lead a business delegation of 68 companies representing the most dynamic sectors of the Greek economy.
Czech firms preparing to attend the CIIE say they want to leave their best impression at the expo, Miroslav Scheiner, an official of the Ministry of Industry and Commerce, told Xinhua recently.
"The preparation is going on and we have a lot of work to do as we are attending the CIIE seriously," said Scheiner, who is in charge of organizing Czech firms for exhibition at the Czech Country Pavilion.
The first CIIE has provided a good opportunity for Czech companies to explore the Chinese market, he noted.
A total of 172 countries, regions and international organizations and more than 3,600 enterprises participated in the first CIIE held last November in Shanghai.
According to George Kiondo, acting chief executive officer of Kenya National Chamber of Commerce and Industry (KNCCI), the expo helps KNCCI members find opportunities in China.
"I can confidently say exhibitions are good for the economic and social growth of Kenya ... We need such events for exposure," Kiondo said.
Sanny Ntayombya, head of communications and marketing at the Rwanda Development Board hailed the expo as "a golden opportunity to showcase Rwandan exports to the Chinese market."
The products from Rwanda to be exhibited are mainly coffee, pepper and handcrafts, said Ntayombya, adding that the Chinese market is "a market which we are looking at trading more with."
He said Rwandan enterprises "are all prepared and expect to benefit from making sales and sealing export deals with major trading partners such as Alibaba and other potential partners that will attend the expo."
The second CIIE is "definitely a very good opportunity to boost our trade ties with China," he added.
Ricardo Cabrisas, vice president of Cuba's Council of Ministers, said the upcoming second CIIE is vital to countries like Cuba.
"It is a fair with different characteristics, because it is open to the world in terms of what China needs, and that is very important," Cabrisas told Xinhua.
Cabrisas noted that the expo is something Cuba's business leaders must pay special attention to, particularly those involved in the country's economic and social development programs.
"This fair is open to foreign exporters, and that is one of Cuba's top priorities today -- exports," said Cabrisas, who attended last year's inaugural edition of the CIIE together with Cuban President Miguel Diaz-Canel.
Nomalungelo Gina, deputy minister of Trade, Industry and Economic Development Department of South Africa, said the event will give South African companies an opportunity to increase their footprints in China.
Over 3,000 enterprises from about 150 countries and regions have signed up for this year's CIIE, including more than 250 of the world's leading companies.
CIIE Country Exhibition move-ins enter home stretch
Arrangements for the Country Exhibitions part of the second China International Import Expo (CIIE) have entered home stretch, according to the organizers.
Yu Yuantang, deputy head of the European Department of the Ministry of Commerce who also presides over the Country Exhibitions, said the exhibitors have brought products featuring local traditions and technological innovation in their countries.
Twenty-four countries will make their appearances for the first time at the 2nd CIIE, accounting for over one third of the total 64 countries that had confirmed their participation in the Country Exhibitions.
This year's CIIE has seen more guest-of-honor countries and exhibition areas in more diversified styles, said Ren Hongbin, assistant to Minister of Commerce and deputy director of the organizers office.
Latest booking data show a total of 650,000 visitors from home and abroad have made online pre-registrations for the expo.
New Zealand trade officials see bright future of cooperation with China
New Zealand trade officials said Friday that they expect to learn more about the Chinese market through the forthcoming China International Import Expo (CIIE) and will further customize products exporting to China.
This is the second year that New Zealand will attend the expo, and enterprises will bring goods including food and healthcare products.
"It's an important opportunity for a lot of our companies to come to event," said Fiona Acheson, deputy consul general (commercial) at New Zealand Consulate General in Shanghai.
Acheson said New Zealand has seen great outcomes for companies' communication with Chinese companies after last year's CIIE.
"We have similar expectation this year that New Zealand's companies will see what is happening in the Chinese market and know more about local customers," she said.
According to Damon Paling, trade commissioner of New Zealand Consulate-General in Shanghai, products created by new research and innovation will be launched at the expo.
"Companies will continue to know Chinese consumption and demographic features and engage a new way to meet Chinese customers' demand," said Paling.
Acheson noted China is the largest trading partner for New Zealand, the largest source of foreign students, and the second-largest source of tourists.
New Zealand's exports to China valued NZ$15.6 billion from July 2018 to June 2019, surging over 23 percent compared with the previous corresponding period.
Since the New Zealand-China Free Trade Agreement was signed in 2008, two-way trade in goods and services has quadrupled, and New Zealand exports to China have grown six-fold.
Regarding future trade cooperation with China, Paling said New Zealand's exporters used to focus only on tier-one-and-two cities in China, and now companies extend their reaches to tier-three-through-five cities.
"We will help those enterprises to engage with Chinese entrepreneurs."
Paling added that the consumers' insights will be sent back to the research and development sector in New Zealand, for further customizing products to be exported to China.
"It's a long-term relationship with China in fields like retail and e-commerce, and we are optimistic towards the future between the two countries," he said.
China ready for 2nd CIIE
China is ready to host the second China International Import Expo, said Assistant to Commerce Minister Ren Hongbin during a press briefing in Shanghai on Saturday.
Among the 64 country pavilions, 24 are new to the expo, participating countries hail from all five continents, Ren said.
For the business pavilions, companies from the U.S., Japan, Germany, China’s Hong Kong, South Korea, Italy, France, Australia, Switzerland and the UK make up the top 10 in terms of size of exhibition areas.
Also, more than 500,000 professional buyers have registered to visit, a huge increase from last year, Ren said.
All you need to know about 2nd CIIE
The second China International Import Expo (CIIE) will take place from November 5 to 10 in Shanghai, after which the Country Exhibitions will be extended for eight more days and will be open to the public for free from November 13 to 20.
The expo consists of three parts: The Country Exhibition, the Business Exhibition and the second Hongqiao International Economic Forum.
Chinese President Xi Jinping will deliver a keynote speech at the opening ceremony and visit the country pavilions.
A total of 64 countries and three international organizations will participate in the Country Exhibitions in the second CIIE, with a total area of 30,000 square meters to showcase their developments and achievements, business environment and characteristic industries.
Fifteen guest-of-honor countries at this year’s expo are Cambodia, the Czech Republic, France, Greece, India, Italy, Jamaica, Jordan, Kazakhstan, Malaysia, Peru, Russia, Thailand, Uzbekistan and Zambia.
More than 3,000 companies from about 150 countries and regions have confirmed their attendance at the business exhibitions with an exhibition area of 330,000 square meters, with more representatives from the Fortune Global 500 list compared to the first expo.
With the theme of "Opening-up and Innovation for Win-win Cooperation," the second Hongqiao International Economic Forum will include an opening ceremony and five parallel sessions.
The opening ceremony will be held on the morning of November 5 while the five parallel sessions will be held simultaneously in the afternoon with topics on "Opening-up, Regulation and Business Environment," "Artificial Intelligence and Innovation Development," "WTO Reform and Free Trade Agreements," "E-commerce in the Digital Era," and "China's 70-Year Development and the Building of a Community with a Shared Future for Humanity," respectively.
Over 100 companies sign up for 3rd China International Import Expo
A total of 115 companies from over the globe have signed up for the third China International Import Expo (CIIE) so far, over a year before the event will take place, according to expo organizers.
Sun Chenghai, vice director of the China International Import Expo Bureau, said those companies have covered over 60,000 square meters of the exhibition area for next year’s third CIIE.
Danone, a world-leading food company, is one of the enterprises which have signed up for CIIE 2020.
Bruno Chevot, the company's senior vice president, said the first CIIE had generated huge business opportunities for participating companies. At this year's event, Danone plans to introduce over 120 products, among which nearly 10 are new to the Chinese market.
The second CIIE will take place in Shanghai from Nov. 5 to 10.
What China has done to further open up since inaugural CIIE
China has taken concrete steps to open up its market since the first China International Import Expo (CIIE) in November 2018, a major measure for China to take the initiative to open its market further to the world.
The opening-up process is a well-rounded one that includes widening foreign access, increasing commodity and service imports and improving the business environment.
China seeks to expand foreign access to its financial sector by abolishing restrictions and adding investment options.
To facilitate foreign investment in the interbank bond market, China scraped investment quota limits for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) and allowed the non-transacting transfer of bonds under the same overseas entity QFII/RQFII and direct entry channels, and direct transfer between capital accounts.
For the stock market, overseas investors are encouraged to invest in the Nasdaq-style sci-tech innovation board known as the STAR market. The Shanghai-London Stock Connect program opened for trading in June as another channel for foreign capital inflow.
Foreign ownership limits on futures companies, fund management firms and brokerages will also be lifted next year.
Market access is eased for foreign firms by shortening the negative list of sectors and businesses that are off-limits for foreign investors to 40 items from 48. Upstream exploration of China's oil and natural gas resources by foreign companies, as well as ownership restrictions in entertainment and telecommunications services, were among the items taken off the list this year.
Efforts to increase imports are evident in China's move to set up six new pilot Free Trade Zones (FTZs) located in the six provincial-level regions of Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang, bringing the total number of the country's pilot FTZs to 18.
China's import has been growing at an average rate of 8.25 percent annually from 2016 to 2018 and is expected to top 2 trillion U.S. dollars in 2019, according to official data.
The total commodities and service imports over the next 15 years are estimated to exceed 30 trillion and 10 trillion U.S. dollars, respectively.
To render a better business environment and provide overseas investors with stronger protection, China approved a landmark foreign investment law and introduced a new regulation on optimizing the business environment, both set to take effect on Jan. 1, 2020.
The two legal documents are expected to make foreign investment policies more transparent, grant equal playing ground for foreign-invested enterprises in market competition and strengthen protection of intellectual property rights.
China's opening-up determination is met with acknowledgment worldwide.
According to the latest World Bank report, China's ease of doing business ranking rose to 31st this year from 46th last year, and it is also among the 10 economies that improved the most on the ease of doing business after implementing regulatory reforms.
Major global benchmarks like MSCI, FTSE Russell and the S&P Dow Jones Indices either strengthened the weightings of China's A-shares or included the A-shares into the indices, effective from August and September.
Bigger CIIE presence shows U.S. business passion for China market
More than 190 U.S. enterprises will attend the upcoming second China International Import Expo (CIIE) in Shanghai, taking up the largest exhibition floor space among all participating countries and regions and international organizations.
Some will be on their maiden trip and others second-time participants at the massive event, which kicks off on Tuesday. Hopes are high to grab a slice of the Chinese market or strike more deals than last year.
Their greater presence at this year's CIIE is telltale evidence of U.S. businesses' undamped passion to tap into the Chinese market and expand cooperation despite the prolonged turbulence in trade relations between the United States and China.
The 192 U.S. companies will enjoy a combined exhibition area of 47,500 square meters at the CIIE this year. A wide array of products is expected to be displayed, spanning from manufacturing to telecommunications, automobile and agriculture.
General Electric Company (GE), in its second CIIE appearance, will showcase its solutions for clean energy and unveil some eye-catching products, according to Rachel Duan, president and chief executive officer of GE Global Growth Markets.
On an exhibition area of 500 square meters, GE will display industrial equipment and digital solutions in the aviation, energy, healthcare, oil and gas, and intelligent manufacturing sectors.
It will be the first time GE presents its comprehensive solutions for China's clean energy development under one umbrella, Duan said.
At the first CIIE in 2018, GE saw its booth visited by over 400,000 domestic and foreign buyers and more than 800,000 other visitors, and signed a number of deals.
During the first CIIE, deals for intended one-year purchases of goods and services worth 57.83 billion U.S. dollars were reached and more than 90 percent of the contracts were completed in the past year, according to figures from China's Ministry of Commerce.
U.S. telecommunications equipment company Qualcomm expects to showcase at the import expo its cooperation achievements with Chinese partners in 5G cellphones, Internet of Things, Artificial Intelligence (AI), and smart cities.
Qualcomm has great confidence in the Chinese market and expects to further strengthen strategic cooperation with Chinese partners in the 5G age, said Frank Meng, chairman of Qualcomm China.
The yearning for greater cooperation is shared by Jiang Mingtao, a ginseng grower in Marathon County in the U.S. state of Wisconsin.
Jiang plans to present in Shanghai his company's wild ginseng and grown ginseng gift boxes, ginseng cosmetics, and ginseng liquor. All ginseng products to be displayed have been shipped to China in advance.
"We have the best ginseng products in the world, and the China import expo has provided a platform for us to bring the world's best ginseng products to Chinese consumers," Jiang said.
On the economic front, the CIIE "opens the door to American exporters to sell goods and services in the vast Chinese market," said Khairy Tourk, a professor of economics at the Stuart School of Business of the Illinois Institute of Technology.
"The country has developed a strong appetite for quality products," Tourk said.
This year's CIIE comes at a time when concerns run high worldwide about a backlash against unilateralism and protectionism. U.S.-initiated trade disputes around the world have taken a toll on many American households.
The CIIE has provided a rare platform for cooperation between China and the United States, Tourk said, calling it "an innovative approach that no country has ever tried before to increase imports."
To deal with global trade imbalances, the professor added: "China is behaving as a responsible global stakeholder" by implementing measures to open the economy wider to the rest of the world.
Attending the CIIE is a good way for Houston companies to cultivate business opportunities with the world's second largest economy, Texas State Representative Gene Wu said.
A delegation of more than 20 business leaders from the Greater Houston area will set up booths at the CIIE and hold seminars to promote the region as an attractive one for business and investment. They represent finance, logistics, education, big-data management, as well as medical and legal services.
"One of the purposes for this mission is to build more trade net (with China)," said Jensen Shen, director for Asia, Australia and Oceania at Greater Houston Partnership, the organizer of the trade delegation.
"This is the part of a maintenance process that we have to cultivate and manage our relationships, our friendships and our partnerships. We have to go and build these bridges and to make friends and remind them that we are here as partners no matter what is happening in Washington D.C.," Wu said.
For representatives of the small Texas city of Sealy, who will embark on their first trip to China, job creation tops the agenda.
"We are thrilled to be part of this. What we hope to bring back from China is more manufacturing jobs," said Lloyd Merrell, city manager of Sealy.
This year, Sealy secured an investment of 165 million dollars from China Hailiang Group, a manufacturer of copper, copper alloy and brass products. This is the first Chinese investment in the city.
GE is seeking out more than just greater opportunities for itself. As the chairing member of the CIIE's exhibitors' alliance, GE also hopes to give full play to its role by uniting exhibitors, gathering information, sharing resources and offering advice, said Duan, the GE executive.
"We hope that the second expo will continue to promote trade liberalization, expand market opportunities, and create a better international business environment," Duan said.
The CIIE will have a greater spillover effect with positive participation and support of all parties, Assistant to Chinese Minister of Commerce, Ren Hongbin, has said.
Tourk, the economics professor, pins his hopes on the "salient effects" that Chinese efforts to boost imports will have on "increasing global aggregate demand."
"With protectionist sentiments on the rise, Chinese facilitation of cross-border trade is one more indication that China stands up as a defender of globalization and open markets," Tourk said.
04/11/2019 - 10:06:58