BEIJING, Sept. 4 (Xinhua) -- The onging 2021 China International Fair for Trade in Services (CIFTIS) is a unique and important platform to foster cooperation between China and Azerbaijan, Teymur Nadiroghlu, trade representative of the Embassy of the Republic of Azerbaijan to China told Xinhua on Saturday.
-- CIFTIS offers chance to promote service trade in bilateral economic cooperation
Different from many other expos around China where showcasing products of Azerbaijan is the main goal, CIFTIS promotes trade in intangible goods.
"At CIFTIS, we come to introduce service industries that are important for the further development of our bilateral economic cooperation, such as logistics, tourism and investments," said Teymur Nadiroghlu.
Basically by participating in CIFTIS, "we get a chance to concentrate on promoting those specific sectors," added Teymur Nadiroghlu.
Teymur Nadiroghlu, trade representative of the Embassy of the Republic of Azerbaijan to China introduced business environment of Azerbaijan at its national pavilion at the 2021 CIFTIS. (By Chen Cong/Xinhua)
As the first international comprehensive exhibition of trade in services in China, CIFTIS composes together with the China International Import Expo and the China Import and Export Fair, the three largest exhibitions and platforms for opening up in China.
-- E-commerce helps expand trade in services
Themed on "Towards Digital Future and Services Driven Development", the 2021 CIFTIS focuses on digital economy and digital trade.
"For Azerbaijan and China, the first thing that comes to mind when we talk about digital economy and digital trade is E-commerce", said Teymur Nadiroghlu.
Chinese E-commerce companies are in the top league in the world in terms of utilizing the advantage of the sector to the fullest. A lot of Chinese products exported to Azerbaijan are the results of successful E-commerce strategy.
E-commerce has already become an important part of China's trade with the world even before the pandemic, where for Azerbaijan it became essential because of the pandemic, according to Teymur Nadiroghlu.
"The fact that China promotes imports from different countries and lets its successful platforms to be used by others, is what makes China unique and respected by businesses around the world."
Photo taken on Sept. 4, 2021 showed the various made-in-Azerbaijan products at the national pavilion of Azerbaijan on the 2021 CIFTIS. (By Tian Shenyoujia/Xinhua)
Recently, the office of the trade representative at the Embassy of the Republic of Azerbaijan to China has signed a cooperation agreement with JD.com to open Azerbaijan's online national pavilion, which will energize its cross border E-commerce trade.
"We are looking forward to selling our good quality products through bonded zones very soon. Here I want to take the chance to invite Chinese consumers to visit our national pavilion at JD.com in coming months", said Teymur Nadiroghlu.
-- A glimpse into Azerbaijan's biz environment at its national pavilion
At the national pavilion of Azerbaijan stand many display boards full of information on Azerbaijan's investment promotion institutions.
Photo taken on September 4, 2021 showed the national pavilion of Azerbaijan at the 2021 CIFTIS. (By Chen Cong/Xinhua)
As Teymur Nadiroghlu introduced, people visiting their pavilion can get knowledge about the opportunities, incentives and services they can receive when they come to invest or do business in Azerbaijan.
For instance, Azerbaijan Export and Investment Promotion Foundation (AZPROMO), as a one-stop service provider, offers help for foreign companies to explore investment opportunities in Azerbaijan and functions as a good partner of foreign-funded firms by helping them enter overseas markets from Azerbaijan. Also, for the first time, the fourth industrial revolution center for analysis and coordination under the Ministry of the Economy of the Republic of Azerbaijan is presented at the pavilion.
"In an increasingly digitalized world, Azerbaijan is taking practical measures to strive for the digitalization of its national economy and transformation of itself into a digital hub of the region with a technological leap and innovation solutions in the long run", said Teymur Nadiroghlu.
By attracting more than 10,000 enterprises from as many as 153 countries and regions around the world to participate in, the 2021 CIFTIS is serving as a bridge facilitating trade in services between China and Azerbaijan and other countries as well. (Contributed by Duan Jing, Tian Shenyoujia & Chen Cong with Xinhua Silk Road, email@example.com)