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Xinhua Silk Road
Trade

China's international trade promotion agency to boost B&R economic, trade cooperation in 2021

January 18, 2021


Abstract : The China Council for the Promotion of International Trade (CCPIT) will focus on boosting economic and trade cooperation between China and countries and regions participating in the Belt and Road Initiative (BRI) in 2021, said Gao Yan, chairperson with the CCPIT said at an online meeting held on last Friday.

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A China-Europe freight train carrying medical supplies bound for Madrid of Spain departs from the city of Yiwu, east China's Zhejiang Province, June 5, 2020. (Xinhua/Lyu Bin)

BEIJING, Jan. 18 (Xinhua) -- The China Council for the Promotion of International Trade (CCPIT) will focus on boosting economic and trade cooperation between China and countries and regions participating in the Belt and Road Initiative (BRI) in 2021, said Gao Yan, chairperson with the CCPIT said at an online meeting held on last Friday.

The international community's demand for the joint construction of the Belt and Road (B&R) remains unchanged, stated Gao, adding that new breakthroughs have been made in developing a health Silk Road.

In 2021, the CCPIT will facilitate implementation of projects signed at the Belt and Road CEO Conference, which was an important session of the Second Belt and Road Forum for International Cooperation, and press ahead the construction of green Silk Road, health Silk Road and digital Silk Road. Meanwhile, the agency will support the participation of Hong Kong and Macao in jointly constructing the B&R, according to Gao.

In order to promote the quality and efficiency of foreign investment, the CCPIT will compile guidelines on business environment in 40 countries, complete new research on the laws of 40 countries, and host a series of trainings to help Chinese enterprises prevent and control risks in overseas markets.

This year, the CCPIT will take multiple measures to help stabilize foreign trade and investment, like improving online plus offline modes for hosting exhibitions and helping enterprises expand global markets by taking advantage of exhibitions and e-commerce platforms. It will also continue taking part in the preparation for the China International Import Expo and assist enterprises in expanding the channels for importing advanced technology, important equipment and key parts, said Gao.

She added that in 2021, the CCPIT will intensify investment promotion to attract foreign-funded enterprises to participate in the construction of Xiongan New Area, Hainan free trade port, and the Guangdong-Hong Kong-Macao Greater Bay Area, and strengthen special services for key foreign-funded projects and foreign enterprises.

Efforts will also be made to enhance the monitoring of local business environment, release research reports on China's business environment and ensure the reasonable demands of foreign enterprises can be met, according to Gao.  

China emerged from the global economic and trade challenges in 2020 as the world's only major economy to have registered positive growth in foreign trade in goods. The country's total imports and exports of goods expanded 1.9 percent year on year to 32.16 trillion yuan (about 4.97 trillion U.S. dollars) in 2020, hitting a record high, according to data from the General Administration of Customs. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)

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Keyword: B&R BRI foreign trade

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