China-proposed BRI creates win-win fair model for int'l relations: Egyptian expert
China-proposed BRI creates win-win fair model for int'l relations: Egyptian expert
11 Dec 2019
The China-proposed Belt and Road Initiative (BRI) aims at creating a new frame for the international relations on the basis of win-win partnership, an Egyptian economic expert said. "Through the BRI, China provides a fair model for international ties, which is trustworthy for all the world to interact with," Waleed Gaballah, a member of the Egyptian Association for Political Economy, told Xinhua in an exclusive interview. He pointed out that the BRI will create trade alliances covering more than 68 countries along the land and maritime routes and will represent nearly 65 percent of the world's population. "The Chinese economy does not present itself to the world as an alternative to its American counterpart," noted Gaballah, who visited China in November. China wants to extend its hands for cooperation with everyone, increase the global exchange and improve the lives of its partners, the expert said. He believes that the Asian Infrastructure Investment Bank could pump large investments to develop thousands of old factories in the BRI countries to boost cooperation. China could provide more initiatives to boost the small and medium enterprises and thousands of job opportunities along the BRI, the Egyptian economic expert said. During his 11 days in China, Gaballah was impressed with the progress he saw in the Chinese cities including Beijing, Ningbo and Hangzhou. "I had good impression about China's fast progress and development before my visit, but once I landed on the country, I found that reality has far exceeded my prior perceptions," Gaballah said. He described "Beijing as a highly developed and ancient capital, with human diversity, ancient buildings and modern skyscrapers." "I felt the fruits of the Chinese development and equal opportunities have been reflected on the citizens' happy faces in the streets," he said. Gaballah praised the high level of the Chinese technology, saying he saw the robot city in Ningbo and was impressed with how the Chinese had developed the robot industry which might eventually replace doctors, musicians, writers and many other jobs. Gaballah considered Hangzhou "a city of Chinese inspiration," where he saw the advancement of Chinese technology. "China has an ambitious plan to achieve high-speed tech targets by 2050, and I think they would accomplish it before this date," he said. The economic expert said the Chinese success in reducing the poverty and improving the lives of its citizens was "extraordinary experience." What made the Chinese experience "unique" is that it was made by the Chinese hands from scientists to simple workers, he noted. Egypt is already benefiting from the BRI through Chinese projects in the country, especially in the Suez Canal economic zone and the new capital, Gaballah noted. He cited the huge Central Business District project in Egypt's new capital city, which is undertaken by Chinese companies, as practical examples of win-win relations between the two countries. Source: Belt & Road Portal
Daryl Guppy: Safeguard WTO and multilateral trade, promote BRI and intl trade
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Daryl Guppy: Safeguard WTO and multilateral trade, promote BRI and intl trade
10 Dec 2019
China's reaffirmed support for the WTO is welcomed by most WTO members, now including Australia, who show a growing genuine desire to support and reform the WTO. President Xi Jinping confirmed that China will not retreat from these core trade values. But is this enough? Unless this is supported by other WTO members, unless they can be united to back China's support for the WTO then China by itself is probably not enough. Make no mistake. The forces dedicated to the destruction of the WTO and the global multilateral trade order are powerful.So, the question becomes, what is required to mobilize and empower smaller members to be united to support the WTO system? I offer four suggestions: 1)Mid-sized members of the WTO, like Australia, need to be encouraged and supported to recognize the threat to their own prosperity that would be posed by an undermining of the WTO. The Australian Trade Minister has finally become a strong supporting voice for the WTO. He has been supported in this opinion by representations from business organizations such as the Australia China Business Council. 2)The smaller members of the WTO need to develop a coordinated and common response to the United States' attempts to dismantle or sabotage the structure and operations of the WTO. This response may be to support the efforts of mid-sized members. It is appropriate to encourage those with greater influence like Australia to support the stand. 3)Representative business chambers need to be more active in their support for the WTO and to make this support known to political leaders. This is particularly important in countries where alliances have often relied on the United States because the United States is applying pressure to disengage from the WTO. Political leaders must be told by businesses that support for the WTO is essential. 4)The WTO is a product of a previous historical period and it does need reform to enable it to function effectively in a changed economic environment where China plays a far greater role. Reform does not mean dismantling. Business councils need to work with their WTO representatives to encourage reform so that the WTO better serves the interests of the global community. We safeguard multilateral trade by refusing to engage in unilateral trade agreements. We safeguard multilateral trade by engaging in multilateral agreements such as RCEP and BRI. We safeguard the multilateral trade system by building an alternative to the dollar-based trade settlement system. This means free trade and cross-border transactions cannot be threatened or hijacked by unilateral decisions to deny access to the SWIFT settlement system and the system of US-based co-respondent banks. As President Xi said recently, blockchain and digital currencies would serve an important role in the next round of technological innovation and industrial transformation. Facilitating cross-border trade is a key objective of the Belt and Road Initiative policy. More efficient cross-border transactions use financial innovation. Blockchain is a modern iteration of the transactional structure that underpinned the success of the original Silk Road. This lies at the core of the Belt and Road Initiative and is a facilitation of capital account liquidity rather than an opening of the capital account. The core of President Xi's support for free trade is shown with the Belt and Road Initiative. This is compatible with the WTO architecture and consistent with multilateral trade agreements. It is not a replacement, nor an alternative to the WTO. The structure of the BRI supports the WTO multilateral trade environment. Those who wish to destroy the WTO are also those who are most opposed to the BRI and often lump the two together. The task falls to business chambers to actively explain the relationship between the BRI and support for multilateral trade. The Australia China Business Council does this in five ways. I offer these as an example and a guide for other business chambers. 1.We work closely with city and provincial governments to explain the way they can engage with the BRI. This includes greater explanation and education, so they have a better understanding of all the aspects of the BRI. Provincial and state governments can in turn influence the way national governments react to the BRI. 2.We work with our business members to deliver briefings on BRI activities relevant to their industrial sector. This includes agriculture, smart cities and AI developments. 3.We work with SRCIC and CCPIT to support delegation visits to share knowledge and explore business and investment opportunities that are compatible with BRI policy objectives. 4.We deliver, support and engage with a variety of public forums, roundtables and conference events that discuss the BRI. The objective is to improve the level of understanding at both the public and official level. 5.We provide briefings for ministers and officials in the national government and encourage their engagement with BRI projects. When support comes from the business community and business chambers then this counterbalances conflicting advice that may come from foreign sources opposed to the BRI. The WTO is an essential foundation of global trade. The Belt and Road Initiative is an integral part of the multilateral trade environment. Both deserve the full and active support from business councils and chambers. Our activity is an essential part of presenting a balanced picture of the rise, legitimacy and importance of China in the global economy.The author ispresident of the North Territory office for the Australia China Business Council. The opinions expressed here are those of the writer and do not represent the views of China Daily and China Daily website. Source: ChinaDaily
An Interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission
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An Interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission
10 Dec 2019
2019 Silk Road Business Summit was successfully held in Xi'an. During the Summit, SRCIC Publicity Department had an interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission, Member of Political Board of Ruling Party of Georgia, and Chairman of JSC Partnership Fund. The following is the full context of the interview: 1. How do you look at the relationship between economic and trade cooperation and people-to-people exchanges? How to achieve a win-win situation? In the 21st century world economy, indisputably, China is one of the leading countries. Georgia's interest and role in the major, global project “One Belt, One Road” initiated by the President of the People's Republic of China, Xi Jinping, is pretty big. Regarding to President Xi Jinping's economy policy, boarders of PRC are open for the world recently. Nowadays China speaks to the whole world about the economy development. The 21st century initiative OBOR project by the President Xi gives opportunities not only Asian countries but the whole world to participate in the biggest project, and Georgia as mentioned above has found its role and function in it. Georgia is the center of the old and new Silk Road, and this is explained not only by its location, but also by the history, culture and tolerance that our country had demonstrated to the world over the centuries. Georgia actively participates in the World Trade Organization multilateral trade negotiations aimed at further liberalizing world trade by minimizing trade barriers. In 2014, Georgia and the EU signed the Association Agreement and later the Deep and Comprehensive Free Trade Agreement, allowing Georgia to freely circulate goods, services and capital to the EU market. Moreover, Georgia has signed a free trade agreement with Turkey, the CIS and the European Free Trade Association, which is an obvious advantage of the country's investment climate. The largest free market for goods and services produced in Georgia was opened in 2017 as part of the Free Trade Agreement between Georgia and the People's Republic of China. However, in accordance with the Free Trade Agreement with China, about 94% of Georgian imports to China are exempt from customs duties. In turn, Chinese companies have the opportunity to sell their products to the European market through Georgia. 2. As we know, financial support plays an important role in the Silk Road cooperation and the development of the cultural industry. What's your opinion on the launch of the Silk Road Development Fund at this summit? It's obvious when we speak about the large scale regional projects as we call development of Silk Road, such projects need funds. Georgian economy is not strong enough to start large scale projects and we need to have cooperation with the international financial institutions as it is Asian, Chinese and European financial ones. According to international organization ratings Georgia is one of the first countries and is on top five place of business development. To start a business is easy because the level of corruption is almost zero in Georgia. Georgia has become attracted by the investors, so from the West and the East countries representatives willing to invest and develop their business in private and public sectors. So it is very important for us to cooperate with financial institutions. And I want to emphasize the Silk Road Fund and in my opinion in a near future we will cooperate with them.
CSEBA congratulates Lu Jianzhong on his election to a new term as SRCIC President
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CSEBA congratulates Lu Jianzhong on his election to a new term as SRCIC President
9 Dec 2019
On the occasion of the 70th anniversary of the People's Republic of China and the sixth anniversary of the Belt and Road Initiative, 2019 Silk Road Business Summit was held in Xi'an, China on December 7, 2019. The summit is themed with a New Chapter for Win-Win Cooperation, a New World Open to Mutual Benefits. Around 300 Belt and Road government officials, international organization delegates, chamber leaders, transnational enterprise heads, and think tank experts will attend the summit. The Summit reflected on the first four years of cooperative work of the Silk Road Chamber of International Commerce (SRCIC) that currently gathers 218 organizational members from 82 countries: national chambers of commerce, business associations and other important international business platforms. SRCIC, that serves as the bridge between governments and enterprises, at this annual gathering evaluated the work of its organizational members, concrete results of the Belt and Road Initiative (BRI), and current challenges in the global economy, including trade unilateralism and protectionism, increased economic instability, climate change and others. The Silk Road Business Summit is the annual flagship event of SRCIC. It has been successfully held for 3 successive years (2016, 2017 in Xi 'an City, Shaanxi Province, 2018 in Zhangjiajie City, Hunan Province). More than 1,000 government representatives, ambassadors to China, chamber leaders, transnational enterprise heads, experts and scholars from over 100 Belt and Road countries attended the summit, jointly promoting economic and trade cooperation and cultural exchanges under the framework of the Belt and Road Initiative. Source: official website of CSEBA
El Salvador to jointly build Belt & Road with China
El Salvador to jointly build Belt & Road with China
4 Dec 2019
Chinese President Xi Jinping held talks with the visiting El Salvadoran President Nayib Armando Bukele Ortez on Tuesday in Beijing and the two leaders agree to strengthen cooperation. President Xi welcomed Bukele on his first State visit to China, saying that the establishment of bilateral diplomatic relations opens the door for cooperation and marks an important event in the history of their bilateral relations. While affirming the achievement made during the first year since the establishment of bilateral diplomatic relations, President Xi noted that China will expand imports of sugar, coffee and other high-quality speciality products from El Salvador. The two sides should strengthen cooperation in infrastructure, agriculture, quality inspection, energy, and science and technology, President Xi said, adding that China welcomes El Salvador to take an active part in jointly building the Belt & Road. Bukele responded that there is huge potential for cooperation between the two sides and his country is ready to strengthen cooperation with China in such areas like investment, trade, infrastructure, agriculture, tourism, culture and science and technology. The President also showed a willingness to jointly build the Belt & Road while stressing he hopes that the bilateral relations will set a good model for other countries in Latin America. Following the talks, the two leaders jointly witnessed the signing of a number of bilateral cooperation documents and issued a joint statement. Source: www.beltandroad.news
China outlines integrated development of Yangtze River Delta
China outlines integrated development of Yangtze River Delta
3 Dec 2019
The Communist Party of China Central Committee and the State Council on Sunday jointly issued an outline of the integrated regional development of the Yangtze River Delta. The document outlined targets, requirements and measures to boost the integrated development of the Yangtze River Delta and build a regional cluster of high-quality development. As one of China's most economically active, open and innovative regions, the Yangtze River Delta boasts strategic significance in the country's modernization and further opening-up, which makes its regional integration crucial for leading the country's high-quality development and building a modern economic system. The outline, mapping development for a 358,000-square km expanse that encompasses Jiangsu Province, Zhejiang Province, Anhui Province and Shanghai Municipality, consists of 12 chapters. Tasks specified in the outline include establishing a coordinated innovative industry system, enhancing connectivity of infrastructure, strengthening environmental protection, advancing public services and building the Shanghai free trade zone under high standards. The document detailed development goals to be achieved by 2025 and offered visions into 2035. By 2025, the Yangtze River Delta is to see substantial development and basically realize integration in the science and innovation industry, infrastructure, environment and public services, said the document. To fulfill integrated development in the science and innovation sector by 2025, the ratio of the region's R&D spending to its gross domestic product (GDP) should top 3 percent, while its output of high-tech industries should account for 18 percent of total industrial output. In the same period, connectivity of infrastructure will be represented by improvements in railway and expressway density and a 5G network coverage of 80 percent. The outline also laid out environment standards to be met by 2025 in terms of PM2.5 density and energy consumption per unit of GDP. By 2025, accomplishments in public services should put per capita fiscal expenditure at 21,000 yuan (about $2,987) and extend the average life expectancy to 79 years, according to the outline. The outline also called for a unified market system marked by openness and the free flow of resources. Looking further into the future, the outline envisioned the Yangtze River Delta as the most influential and robust driving force of the nation's development by 2035. Source: Xinhua
An Interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission
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An Interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission
10 Dec 2019
2019 Silk Road Business Summit was successfully held in Xi'an. During the Summit, SRCIC Publicity Department had an interview with David Saganelidze, Chairman of the Georgia-China Intergovernmental Trade and Economy Commission, Member of Political Board of Ruling Party of Georgia, and Chairman of JSC Partnership Fund. The following is the full context of the interview: 1. How do you look at the relationship between economic and trade cooperation and people-to-people exchanges? How to achieve a win-win situation? In the 21st century world economy, indisputably, China is one of the leading countries. Georgia's interest and role in the major, global project “One Belt, One Road” initiated by the President of the People's Republic of China, Xi Jinping, is pretty big. Regarding to President Xi Jinping's economy policy, boarders of PRC are open for the world recently. Nowadays China speaks to the whole world about the economy development. The 21st century initiative OBOR project by the President Xi gives opportunities not only Asian countries but the whole world to participate in the biggest project, and Georgia as mentioned above has found its role and function in it. Georgia is the center of the old and new Silk Road, and this is explained not only by its location, but also by the history, culture and tolerance that our country had demonstrated to the world over the centuries. Georgia actively participates in the World Trade Organization multilateral trade negotiations aimed at further liberalizing world trade by minimizing trade barriers. In 2014, Georgia and the EU signed the Association Agreement and later the Deep and Comprehensive Free Trade Agreement, allowing Georgia to freely circulate goods, services and capital to the EU market. Moreover, Georgia has signed a free trade agreement with Turkey, the CIS and the European Free Trade Association, which is an obvious advantage of the country's investment climate. The largest free market for goods and services produced in Georgia was opened in 2017 as part of the Free Trade Agreement between Georgia and the People's Republic of China. However, in accordance with the Free Trade Agreement with China, about 94% of Georgian imports to China are exempt from customs duties. In turn, Chinese companies have the opportunity to sell their products to the European market through Georgia. 2. As we know, financial support plays an important role in the Silk Road cooperation and the development of the cultural industry. What's your opinion on the launch of the Silk Road Development Fund at this summit? It's obvious when we speak about the large scale regional projects as we call development of Silk Road, such projects need funds. Georgian economy is not strong enough to start large scale projects and we need to have cooperation with the international financial institutions as it is Asian, Chinese and European financial ones. According to international organization ratings Georgia is one of the first countries and is on top five place of business development. To start a business is easy because the level of corruption is almost zero in Georgia. Georgia has become attracted by the investors, so from the West and the East countries representatives willing to invest and develop their business in private and public sectors. So it is very important for us to cooperate with financial institutions. And I want to emphasize the Silk Road Fund and in my opinion in a near future we will cooperate with them.
SRCIC Chairman Lu Jianzhong Elected President of the China Cultural Chamber of Commerce for the Private Sector
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SRCIC Chairman Lu Jianzhong Elected President of the China Cultural Chamber of Commerce for the Private Sector
18 Nov 2019
On November 16 of 2019, the 2nd General Assembly of the China Cultural Chamber of Commerce for the Private Sector (CCCCPS) was successfully held in Beijing. Mr. Lu Jianzhong, Chairman of the Silk Road Chamber of International Commerce (SRCIC), was elected as the new President of CCCCPS. Mr. Lu is also Deputy to the National People's Congress and Vice President of the Chinese Association for International Understanding. More than 200 guests were present at the meeting, including Wang Xiaofeng, Party Member of the Ministry of Culture and Tourism of China, Li Zhaoqian, Vice Chairman of the All-China Federation of Industry and Commerce (ACFIC), Feng Jicai, well-known writer, painter, and honorary council member of the China Federation of Literary and Art Circles, Chi Fulin, President of the China Institute for Reform and Development, Zhang Wei, former Vice Chairman of the China Council for the Promotion of International Trade. Meanwhile, representatives from the Silk Road Development Fund, New World Development Group and other enterprises and media also participated in the event. Lu Jianzhong, as new President of CCCCPS, delivered an inauguration speech. He said that under the leadership of ACFIC, CCCCPS will strengthen its interaction with government, market and international resources. Through coordinating all its members, CCCCPS with its platform and resources, will give full play to the role of private sector in boosting growth, promoting innovation, increasing employment and improving people's livelihood. CCCCPS will make further contribution to development of China's cultural industry. To better serve the chambers of commerce for the long-term development, and to boost the prosperity of the cultural industry, the creation of “Advisory Panel of CCCCPS” was announced. Mr. Feng Jicai, Professor Chi Fulin and Mr. Fan Zhou were appointed as the first cohort of advisors. They also delivered keynote speeches at the meeting. To better serve the member enterprises and to provide them with financial services, strategic cooperation agreements between CCCCPS and China Minsheng Bank (CMBC), GF Securities and Silk Road Development Fund were signed. Mr. Lu Jianzhong, Chairman of CCCCPS signs the agreement with Ms. Chen Qiong, DeputyParty Secretary and Vice President of China Minsheng Bank (CMBC) Mr. Lu Jianzhong, Chairman of CCCCPS signs the agreement with Mr. Hanjun, Deputy General Manager of GF Finance Leasing (Guangzhou) and Senior Engineer Mr. Lu Jianzhong, Chairman of CCCCPS signs the agreement with Mr. Lu Huicai, Deputy General Manager of Business Development of New World Group Profile of CCCCPS China Cultural Chamber of Commerce for the Private Sector (CCCCPS) is the first Chinese chamber of commerce providing specialized services for the development of private cultural industry organizations, bringing together the central and local governments, private enterprises and investment institutions. CCCCPS aims to create a state-level strategic cooperation platform, focusing on the planning, allocation of resources and information sharing of the cultural industry. The chamber was established with the guidance of All-China Federation of Industry and Commerce, obtained approval from the Publicity Department of the Communist Party of China and Ministry of Culture and State Administration of Press, Publication, Radio, Film and Television, and passed the reviewing of the State Council. The chamber was officially registered at the Ministry of Civil Affairs on May 17, 2013. Souce: Tang West Market Official Wechat Account
Former President of the Republic of Croatia Stjepan Mesić invited to the 2nd CIIE
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Former President of the Republic of Croatia Stjepan Mesić invited to the 2nd CIIE
7 Nov 2019
Chinese President Xi Jinping attends the opening ceremony of the 2nd CIIE and delivers a keynote speech On November 5, 2019, the 2nd China International Import Expo (referred to as "the 2nd CIIE") opened at the National Convention and Exhibition Center in Shanghai.Chinese President Xi Jinping attended the Expo and delivered a keynote speech entitled "Openness and Cooperation for a Shared Future", stressing that all countries should adopt a more open mind and measures to jointly build an open world economy through cooperation, innovation and for mutual benefit.It is reiterated that China will open its door only wider to the world. China insists on promoting reform, development and innovation through opening up, and continues to push forward a higher level of opening up to the outside world. Group photo of President Xi Jinping, Stjepan Mesić (front row, sixth from right) and media representatives from foreign think tanks attending the forum "China's 70-Years Development and the Construction of the Community with a shared Future for mankind" On November 5, Stjepan Mesic, senior adviser of the SRCIC and former President of Croatia, was invited to attend the sub-forum "China's 70-Years Development and the Construction of the Community with a shared Future for mankind" under the 2nd Hongqiao International Economic Forum. Stjepan Mesic said in his speech that he was impressed by China's achievements in poverty reduction under the banner of socialism. A total of 850 million Chinese people have been lifted out of poverty and have contributed more than 70 percent to the cause of global poverty reduction. "I would like to congratulate the industrious and brave Chinese people, who are the main driving force behind China's development to this day. China has become a leader with the United States in areas such as 5G technology."He said that China's holding of the CIIE is a very strong response to the trend of world trade protectionism. He stressed that China is the only country in today's world that has a global perspective and hopes to build a better world for all. China has the ability to drive the world order towards multipolarization and new multilateralism.Belt and Road Initiative (BRI) is a very good proof.In his view, the BRI is bound to change the world political structure reflecting the order of power over the past few centuries.“It will take us a long time to eliminate the pain of geopolitics, populism, protectionism and so on.” Stjepan Mesić has visited China many times and witnessed with his own eyes how China has created many economic miracles and made the impossible possible. "I believe that China, together with other countries, will eventually build a community of shared future for mankind. Photo of Stjepan Mesić with Vice Chairman & Secretary General of SRCIC Li Zhonghangat the closing ceremony of 2018Silk Road Business Summit (Zhangjiajie) Source: People's Daily, Xinhua News Agency, sina.com
Former Slovenian President Türk interviewed by CGTN at SRCIC Beijing Office
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Former Slovenian President Türk interviewed by CGTN at SRCIC Beijing Office
12 Aug 2019
On August 10, former Slovenian President Türk was interviewed by China Global Television Network (CGTN) at the SRCIC Beijing Office. The full context is as below: The thundering trade war between China and the U.S. shows no sign of cooling down. The latest round of escalation came when the United States threatened to slap 10 percent tariff on an additional 300 billion U.S. dollars of Chinese goods and China responded by suspending new imports of American agricultural goods. China and the U.S. are still far from reaching a consensus, but the consensus of the world at large is: the trade war is wreaking havoc the global economy. "The global development has already started to slow down. Slowing down in parts of Europe has already been felt, including in Germany,” said former President of Slovenia Danilo Türk. "All of that is not a very good promise for the future. So we in Europe would very much like this policy of tariffs currently pursued by the United States to be reversed,” Türk said in a CGTN interview. China is far from being the only target of U.S. President Donald Trump. Trump has or threatens to slap tariffs on other countries as well, in favor of American industries. "The tariffs as a way of regulating international trade is a blunt and old fashioned instrument,” Türk criticized, adding that "There are many more sophisticated ways of promoting trade and creating an appropriate balance in global trade." Studies show that tariff might boost United States' industry in short term, but will hurt consumers, which offset its benefit. The United States imposed tariffs on Chinese tires during the Obama Administration. Research by the Peterson Institute shows that tariff created about 1,200 jobs for American tire industry. That's pretty much the maximum number of jobs the tariffs could have created, the study shows. But the Peterson Institute research found out that those jobs cost about 1.1 billion U.S. dollars, all borne by American consumers, who had to pay higher prices for tires. Türk stressed that the landscape of global trade has changed. Now the time has come for trade in services, in investment measures, and in intellectual property, which are areas that will allow international trade to become more sophisticated, said Türk. "Now President Donald Trump's measures have put this progress at risk,” he added. "Trade war is very bad for global growth, for individual economies, for the international system of trade, and eventually for the United States,” Türk warned. Source: cgtn.com
SRCIC Chairman Visits ACCIC President Gao Yunlong
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SRCIC Chairman Visits ACCIC President Gao Yunlong
5 Aug 2019
On August 5 of 2019, SRCIC Chairman Lu Jianzhong and Dr. Adrian Cheng Chi-Kong, Executive Vice Chairman and General Manager of the New World Development Company Limited, SRCIC's strategic partner, paid a visit to Gao Yunlong, Vice Chairman of the CPPCC National Committee and President of All-China Chamber of Industry and Commerce (ACCIC). Chairman Lu briefed the development history of SRCIC and major SRCIC events and projects, including the Silk Road Business Summits and Silk Road Sunshine Fund Program. Chairman Lu expressed his willingness to join hands with New World Group to set up a special fund under the China Foundation for Peace and Development. The fund aims to sponsor the economic and cultural activities related to Belt and Road Initiative (BRI), to build a mechanism and platform for dialogue, exchange and pragmatic cooperation between China and foreign countries, and to support projects involving medical treatment, education, vocational training, building roads and drilling wells in Belt and Road countries and regions to benefit local people. President Gao warmly welcomed the SRCIC delegation. He encouraged Dr. Adrian Cheng to carry forward his family's patriotism for China and Hong Kong and the devotion to public welfare. Domestically, the New World Group is encouraged to integrate itself into the national development strategy, to expand investment in the mainland and to be more involved in state governance and Hong Kong's social affairs, to contribute to China's economic development and Hong Kong's prosperity and stability. Internationally, Gao encouraged the New World Group to actively participate in the BRI construction, to promote peoples' mutual understanding and the understanding of the BRI concept, and to build a solid foundation for the high-quality development of BRI for a community of shared future for mankind. SRCIC Deputy Secretary General Wang Yan also joined the visit.
BCCI President visits SRCIC Beijing Office
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BCCI President visits SRCIC Beijing Office
5 Jul 2019
Bulgarian President Rumen Radevis onhis state visit to China at the invitation of Chinese President Xi Jinping from July 1 to 5 during which he attended the 2019 Summer Davos Forum. Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry (BCCI), led the business delegation in accompanyingPresident Rumen Radev. On July 2, BCCI andChinaCouncil for the Promotion of International Trade (CCPIT)Dalian Sub-Counciljointly held the Bulgaria-China (Dalian) Business Forumand signed cooperativeagreement during the 2019 Summer Davos Forum. 21 enterprisesfromBulgarian business delegation held "one-to-one" talks with more than 100 enterprises of Dalian city. On July 3, a delegation led by Tsvetan Simeonov, President of BCCI, visited SRCIC Beijing office. SRCIC Deputy Secretary General Wang Yan received the delegation. BCCI President Tsvetan Simeonov (L2) and SRCIC Deputy Secretary General Wang Yan (R2) Tsvetan Simeonov gave a detailed introduction of BCCI and the investment situation of Chinese enterprises in Bulgaria. He hoped to introduce more Chinese high-tech enterprises to invest in Bulgaria. Deputy Secretary General Wang Yan introduced the organization structure of SRCIC, in particular the professional committees and the services provided to its members. In the afternoon, the Bulgarian Embassy in China held the "China-Bulgaria Business Forum" in Beijing. Bulgarian President Rumen Radev, BulgarianAmbassador to China Grigor Porozhanov,BCCI President Tevitan Seminov, and China International Chamber of Commerce Secretary General Yu Jianlong attended the Forum and delivered opening speeches. An enterprisesmatchmaking meeting was also held during the Forum. Forum Scenes
China-proposed BRI creates win-win fair model for int'l relations: Egyptian expert
China-proposed BRI creates win-win fair model for int'l relations: Egyptian expert
11 Dec 2019
The China-proposed Belt and Road Initiative (BRI) aims at creating a new frame for the international relations on the basis of win-win partnership, an Egyptian economic expert said. "Through the BRI, China provides a fair model for international ties, which is trustworthy for all the world to interact with," Waleed Gaballah, a member of the Egyptian Association for Political Economy, told Xinhua in an exclusive interview. He pointed out that the BRI will create trade alliances covering more than 68 countries along the land and maritime routes and will represent nearly 65 percent of the world's population. "The Chinese economy does not present itself to the world as an alternative to its American counterpart," noted Gaballah, who visited China in November. China wants to extend its hands for cooperation with everyone, increase the global exchange and improve the lives of its partners, the expert said. He believes that the Asian Infrastructure Investment Bank could pump large investments to develop thousands of old factories in the BRI countries to boost cooperation. China could provide more initiatives to boost the small and medium enterprises and thousands of job opportunities along the BRI, the Egyptian economic expert said. During his 11 days in China, Gaballah was impressed with the progress he saw in the Chinese cities including Beijing, Ningbo and Hangzhou. "I had good impression about China's fast progress and development before my visit, but once I landed on the country, I found that reality has far exceeded my prior perceptions," Gaballah said. He described "Beijing as a highly developed and ancient capital, with human diversity, ancient buildings and modern skyscrapers." "I felt the fruits of the Chinese development and equal opportunities have been reflected on the citizens' happy faces in the streets," he said. Gaballah praised the high level of the Chinese technology, saying he saw the robot city in Ningbo and was impressed with how the Chinese had developed the robot industry which might eventually replace doctors, musicians, writers and many other jobs. Gaballah considered Hangzhou "a city of Chinese inspiration," where he saw the advancement of Chinese technology. "China has an ambitious plan to achieve high-speed tech targets by 2050, and I think they would accomplish it before this date," he said. The economic expert said the Chinese success in reducing the poverty and improving the lives of its citizens was "extraordinary experience." What made the Chinese experience "unique" is that it was made by the Chinese hands from scientists to simple workers, he noted. Egypt is already benefiting from the BRI through Chinese projects in the country, especially in the Suez Canal economic zone and the new capital, Gaballah noted. He cited the huge Central Business District project in Egypt's new capital city, which is undertaken by Chinese companies, as practical examples of win-win relations between the two countries. Source: Belt & Road Portal
El Salvador to jointly build Belt & Road with China
El Salvador to jointly build Belt & Road with China
4 Dec 2019
Chinese President Xi Jinping held talks with the visiting El Salvadoran President Nayib Armando Bukele Ortez on Tuesday in Beijing and the two leaders agree to strengthen cooperation. President Xi welcomed Bukele on his first State visit to China, saying that the establishment of bilateral diplomatic relations opens the door for cooperation and marks an important event in the history of their bilateral relations. While affirming the achievement made during the first year since the establishment of bilateral diplomatic relations, President Xi noted that China will expand imports of sugar, coffee and other high-quality speciality products from El Salvador. The two sides should strengthen cooperation in infrastructure, agriculture, quality inspection, energy, and science and technology, President Xi said, adding that China welcomes El Salvador to take an active part in jointly building the Belt & Road. Bukele responded that there is huge potential for cooperation between the two sides and his country is ready to strengthen cooperation with China in such areas like investment, trade, infrastructure, agriculture, tourism, culture and science and technology. The President also showed a willingness to jointly build the Belt & Road while stressing he hopes that the bilateral relations will set a good model for other countries in Latin America. Following the talks, the two leaders jointly witnessed the signing of a number of bilateral cooperation documents and issued a joint statement. Source: www.beltandroad.news
China outlines integrated development of Yangtze River Delta
China outlines integrated development of Yangtze River Delta
3 Dec 2019
The Communist Party of China Central Committee and the State Council on Sunday jointly issued an outline of the integrated regional development of the Yangtze River Delta. The document outlined targets, requirements and measures to boost the integrated development of the Yangtze River Delta and build a regional cluster of high-quality development. As one of China's most economically active, open and innovative regions, the Yangtze River Delta boasts strategic significance in the country's modernization and further opening-up, which makes its regional integration crucial for leading the country's high-quality development and building a modern economic system. The outline, mapping development for a 358,000-square km expanse that encompasses Jiangsu Province, Zhejiang Province, Anhui Province and Shanghai Municipality, consists of 12 chapters. Tasks specified in the outline include establishing a coordinated innovative industry system, enhancing connectivity of infrastructure, strengthening environmental protection, advancing public services and building the Shanghai free trade zone under high standards. The document detailed development goals to be achieved by 2025 and offered visions into 2035. By 2025, the Yangtze River Delta is to see substantial development and basically realize integration in the science and innovation industry, infrastructure, environment and public services, said the document. To fulfill integrated development in the science and innovation sector by 2025, the ratio of the region's R&D spending to its gross domestic product (GDP) should top 3 percent, while its output of high-tech industries should account for 18 percent of total industrial output. In the same period, connectivity of infrastructure will be represented by improvements in railway and expressway density and a 5G network coverage of 80 percent. The outline also laid out environment standards to be met by 2025 in terms of PM2.5 density and energy consumption per unit of GDP. By 2025, accomplishments in public services should put per capita fiscal expenditure at 21,000 yuan (about $2,987) and extend the average life expectancy to 79 years, according to the outline. The outline also called for a unified market system marked by openness and the free flow of resources. Looking further into the future, the outline envisioned the Yangtze River Delta as the most influential and robust driving force of the nation's development by 2035. Source: Xinhua
China-Ethiopia dialogue highlights sustainable investment under BRI
China-Ethiopia dialogue highlights sustainable investment under BRI
2 Dec 2019
Ethiopia is hoping to attract more sustainable investment from Chinese enterprises as fruitful cooperations have been carried out under the Belt and Road Initiative (BRI). At the China-Ethiopia High-Level Dialogue on Sustainable Investment held in Beijing on Friday, both Chinese and Ethiopian officials expressed their hope to consolidate collaborations to boost the achievements of sustainable development goals (SDGs). Aschalew Tadesse Mecheso, a senior official with Ethiopian Investment Commission (EIC), said Ethiopia looks forward to more investment in the sectors of information and communication technology and light industries so as to create more jobs for young people who account for around 70 percent of the country's population. Aiming to facilitate knowledge exchanges and build networks to promote sustainable investment in Ethiopia, the event attracted over 200 participants from governments, industries, development agencies and think tanks. Guo Xuejun with the Ministry of Foreign Affairs took the Addis Ababa-Djibouti Railway as an example of the fruitful cooperations between the two countries under the BRI. Apart from the railway that has significantly shortened the time of transporting goods from Ethiopia to Djibouti, he also mentioned a new economic cluster that is emerging along the railway with the construction and development of several industrial parks. China looks forward to working with Ethiopia to initiate more connectivity projects that are high-quality, sustainable, resilient, affordable, inclusive, accessible and broadly beneficial, Guo said. The country is also dedicated to promoting trade and investment liberalization and facilitation, opposes protectionism and aims to make greater contributions to the implementation of the 2030 Agenda for Sustainable Development, he said. Beate Trankmann, Resident Representative of the United Nations Development Programme (UNDP) in China, said the BRI's key projects, which focus on connectivity and integration, could help unlock the funding and know-how to fulfill the SDGs, if relevant investments follow sustainability criteria and principles of the SDGs. At the event, organized by the UNDP and supported by the Ministry of Foreign Affairs, China's embassy in Ethiopia and the EIC, investors also discussed the opportunities and challenges to invest in Ethiopia. Source: Xinhua
UNESCO quarterly publication themed Silk Roads
UNESCO quarterly publication themed Silk Roads
29 Nov 2019
The United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Center has themed its latest official quarterly World Heritage "The Silk Roads", according to UNESCO website. The Silk Roads is the routes network of Chang' an-Tianshan Corridor inscribed on the World Heritage List since 2014. "The Silk Roads encompass some of the most complex and fascinating systems in the history of world civilizations," noted the UNESCO World Heritage Center. "It enabled the exchange of cargo such as silk, spices, gems, furs, but also shared art, religion, and technology," it added. "It is also one of the first cultural 'corridors' to be inscribed on the World Heritage List," the center noted, adding that it embodies "the principles of cultural diversity, heritage, and peaceful cooperation." World Heritage is the official UNESCO publication from the World Heritage Centre featuring in-depth articles on cultural and natural World Heritage sites. The quarterly review is produced in English, French, and Spanish. China has 22 of the Silk Road's 33 UNESCO heritage sites. The rest eight are in Kazakhstan and three in Kyrgyzstan. They range from palaces and pagoda sites in cities to ruins in remote, inaccessible deserts. The route, which starts in Xi'an, in northwest China's Shaanxi Province, was once the main corridor for trade and cultural exchange between Asia and Europe. Source: Xinhua News Agency
EBRD president says China-initiated AIIB "good for multilaterals' image"
EBRD president says China-initiated AIIB "good for multilaterals' image"
28 Nov 2019
The high standards of the Asian Infrastructure Investment Bank (AIIB) are "good for multilaterals' image," said President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, applauding China's engagement with the multilateral system. The China-initiated AIIB is a "real model of applying the highest environmental and social and other governance standards," Chakrabarti said in a recent interview with Xinhua. The high standards of the AIIB, he said, are also good for China's image. Launched in October 2014, the Beijing-based AIIB is a multilateral development bank that aims to support infrastructure in the Asia-Pacific region. The EBRD and the AIIB set up a joint unit in Beijing about two years ago, which has been "very successful" in trying to bring the two organizations together, according to Chakrabarti. The joint unit has also promoted exchanges between the EBRD and Chinese companies, banks, think tanks, research institutes, the Chinese government, and others, he said. Speaking of the China-proposed Belt and Road Initiative, the EBRD president said he thinks it can make a major contribution to tackling some global development challenges and promoting multilateralism as long as projects meet good standards and avoid high debt. Chakrabarti said he looks forward to his bank working with the Chinese government, the Chinese private sector and others to ensure the initiative "works well." China's long-term policy decision to join all multilateral platforms it can and exchange ideas and practices with global institutions has been "a good thing," said the president of the London-based multilateral lender. China's engagement with the multilaterals has shown that the country wants to play a part in global governance, and it also wants to draw inspiration from different multilateral organizations, Chakrabarti said. Since joining the EBRD in early 2016, China has "really strengthened" its relationship with the bank, and the relationship has been "really important" to the bank, said the bank president. "I think on all the fronts we've made progress," he said. "It's not just Chinese banks and Chinese investors, companies who are now investing in EBRD projects," said the bank president. "We have a lot more in the pipeline." "I think also our work with Chinese think tanks, Chinese research institutes, (and) the Chinese government on various policy ideas has really increased," Chakrabarti said. Looking ahead, the EBRD president said he thinks continuity and upgrade will characterize the next stage of the bank's relationship with China. "I would like to see more co-financing with Chinese banks and Chinese corporates. I would like China also to discuss more with the EBRD some ideas about certain countries," especially countries where the EBRD has invested heavily, such as Turkey, Egypt, Ukraine and Greece, he said. Noting that he encourages China's private sector to invest more in other countries, Chakrabarti said he wants to see Chinese companies in not just Central Asia, but also in Eastern Europe, North Africa and the Middle East. While acknowledging that multilateralism is "under strain," the EBRD president said he is still optimistic about the future of multilateralism, because progress on climate change and inequality, among other issues, "would not have been possible" if it was not for the work of the multilaterals. Nearly half of the EBRD's lending so far this year has been in the green economy area, Chakrabarti said, adding that he expects to see future growth in investments in renewables and energy efficiency. "I think that's an area where actually the multilaterals can play a very strong part," he said. Source: Xinhua News Agency
Daryl Guppy: Safeguard WTO and multilateral trade, promote BRI and intl trade
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Daryl Guppy: Safeguard WTO and multilateral trade, promote BRI and intl trade
10 Dec 2019
China's reaffirmed support for the WTO is welcomed by most WTO members, now including Australia, who show a growing genuine desire to support and reform the WTO. President Xi Jinping confirmed that China will not retreat from these core trade values. But is this enough? Unless this is supported by other WTO members, unless they can be united to back China's support for the WTO then China by itself is probably not enough. Make no mistake. The forces dedicated to the destruction of the WTO and the global multilateral trade order are powerful.So, the question becomes, what is required to mobilize and empower smaller members to be united to support the WTO system? I offer four suggestions: 1)Mid-sized members of the WTO, like Australia, need to be encouraged and supported to recognize the threat to their own prosperity that would be posed by an undermining of the WTO. The Australian Trade Minister has finally become a strong supporting voice for the WTO. He has been supported in this opinion by representations from business organizations such as the Australia China Business Council. 2)The smaller members of the WTO need to develop a coordinated and common response to the United States' attempts to dismantle or sabotage the structure and operations of the WTO. This response may be to support the efforts of mid-sized members. It is appropriate to encourage those with greater influence like Australia to support the stand. 3)Representative business chambers need to be more active in their support for the WTO and to make this support known to political leaders. This is particularly important in countries where alliances have often relied on the United States because the United States is applying pressure to disengage from the WTO. Political leaders must be told by businesses that support for the WTO is essential. 4)The WTO is a product of a previous historical period and it does need reform to enable it to function effectively in a changed economic environment where China plays a far greater role. Reform does not mean dismantling. Business councils need to work with their WTO representatives to encourage reform so that the WTO better serves the interests of the global community. We safeguard multilateral trade by refusing to engage in unilateral trade agreements. We safeguard multilateral trade by engaging in multilateral agreements such as RCEP and BRI. We safeguard the multilateral trade system by building an alternative to the dollar-based trade settlement system. This means free trade and cross-border transactions cannot be threatened or hijacked by unilateral decisions to deny access to the SWIFT settlement system and the system of US-based co-respondent banks. As President Xi said recently, blockchain and digital currencies would serve an important role in the next round of technological innovation and industrial transformation. Facilitating cross-border trade is a key objective of the Belt and Road Initiative policy. More efficient cross-border transactions use financial innovation. Blockchain is a modern iteration of the transactional structure that underpinned the success of the original Silk Road. This lies at the core of the Belt and Road Initiative and is a facilitation of capital account liquidity rather than an opening of the capital account. The core of President Xi's support for free trade is shown with the Belt and Road Initiative. This is compatible with the WTO architecture and consistent with multilateral trade agreements. It is not a replacement, nor an alternative to the WTO. The structure of the BRI supports the WTO multilateral trade environment. Those who wish to destroy the WTO are also those who are most opposed to the BRI and often lump the two together. The task falls to business chambers to actively explain the relationship between the BRI and support for multilateral trade. The Australia China Business Council does this in five ways. I offer these as an example and a guide for other business chambers. 1.We work closely with city and provincial governments to explain the way they can engage with the BRI. This includes greater explanation and education, so they have a better understanding of all the aspects of the BRI. Provincial and state governments can in turn influence the way national governments react to the BRI. 2.We work with our business members to deliver briefings on BRI activities relevant to their industrial sector. This includes agriculture, smart cities and AI developments. 3.We work with SRCIC and CCPIT to support delegation visits to share knowledge and explore business and investment opportunities that are compatible with BRI policy objectives. 4.We deliver, support and engage with a variety of public forums, roundtables and conference events that discuss the BRI. The objective is to improve the level of understanding at both the public and official level. 5.We provide briefings for ministers and officials in the national government and encourage their engagement with BRI projects. When support comes from the business community and business chambers then this counterbalances conflicting advice that may come from foreign sources opposed to the BRI. The WTO is an essential foundation of global trade. The Belt and Road Initiative is an integral part of the multilateral trade environment. Both deserve the full and active support from business councils and chambers. Our activity is an essential part of presenting a balanced picture of the rise, legitimacy and importance of China in the global economy.The author ispresident of the North Territory office for the Australia China Business Council. The opinions expressed here are those of the writer and do not represent the views of China Daily and China Daily website. Source: ChinaDaily
CSEBA congratulates Lu Jianzhong on his election to a new term as SRCIC President
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CSEBA congratulates Lu Jianzhong on his election to a new term as SRCIC President
9 Dec 2019
On the occasion of the 70th anniversary of the People's Republic of China and the sixth anniversary of the Belt and Road Initiative, 2019 Silk Road Business Summit was held in Xi'an, China on December 7, 2019. The summit is themed with a New Chapter for Win-Win Cooperation, a New World Open to Mutual Benefits. Around 300 Belt and Road government officials, international organization delegates, chamber leaders, transnational enterprise heads, and think tank experts will attend the summit. The Summit reflected on the first four years of cooperative work of the Silk Road Chamber of International Commerce (SRCIC) that currently gathers 218 organizational members from 82 countries: national chambers of commerce, business associations and other important international business platforms. SRCIC, that serves as the bridge between governments and enterprises, at this annual gathering evaluated the work of its organizational members, concrete results of the Belt and Road Initiative (BRI), and current challenges in the global economy, including trade unilateralism and protectionism, increased economic instability, climate change and others. The Silk Road Business Summit is the annual flagship event of SRCIC. It has been successfully held for 3 successive years (2016, 2017 in Xi 'an City, Shaanxi Province, 2018 in Zhangjiajie City, Hunan Province). More than 1,000 government representatives, ambassadors to China, chamber leaders, transnational enterprise heads, experts and scholars from over 100 Belt and Road countries attended the summit, jointly promoting economic and trade cooperation and cultural exchanges under the framework of the Belt and Road Initiative. Source: official website of CSEBA
Chinese, Philippine firms seek opportunities to boost cooperation
Chinese, Philippine firms seek opportunities to boost cooperation
25 Nov 2019
The Philippines-China Investment and Trade Forum kicked off on Monday to help Chinese firms seek more investment opportunities in the Philippines. The forum, jointly organized by the Chinese Council for Promoting South-South Cooperation(CPSSC) and SRCIC's member Philippine Chamber of Commerce and Industry (PCCI), aimed to implement the major consensus reached by leaders of both sides and to promote bilateral investment, particularly Chinese investment in the Philippines with the framework of south-south cooperation. The CPSSC invited some 60 senior managers and owners from 25 Chinese enterprises to feature in the forum while over 20 local firms also made their attendance to it. The one-day forum had in-depth talks on investment and trade cooperation concerning infrastructure, capacity cooperation, industrial park construction, small-and-medium-sized enterprises development, electronic devices manufacturing, and e-commerce areas, among others. Chairman of the CPSSC Lyu Xinhua said that the forum has built up a platform for communication and exchanges, provided a good opportunity for investment. Enterprises of both sides should create a community of mutual interest to realize win-win cooperation and common development, he added. Speaking at the forum, Charge d'Affaires of the Chinese embassy in the Philippines Tan Qingsheng said more and more Chinese companies are investing in various sectors in the Philippines. "At present, there are more than 40 big Chinese enterprises investing in the Philippines, directly employing close to 20,000 employees, indirectly generating 26,000 job opportunities," he said. Tan said that the forum is a great opportunity for companies of both countries to know each other and explore the possibilities for future cooperation. A one-on-one business matching session was also held during the forum to help firms from the two countries seek more chances to understand, prompting cooperations in investment areas. Su Haolin, the president of China's Nanjing Sky Valley Water Technology Co. Ltd., told Xinhua in an interview that the CPSSC provided Chinese firms a good platform to learn the Philippine investment environment and market better. "I learn that the Philippines has very huge potential in the cooperation of the water technology section and I am confident that we can make more commercial partners at the forum," he said. CPSSC, established in 2014, is a national non-profit organization dedicated to promoting mutually beneficial cooperation between China and developing countries in areas such as politics, economy, culture, and education. Source: Belt and Road Portal
JSC Partnership Fund President David Saganelidze invited to attend the 2nd China International Import Expo (CIIE)
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JSC Partnership Fund President David Saganelidze invited to attend the 2nd China International Import Expo (CIIE)
8 Nov 2019
The 2nd China International Import Expo (CIIE) opened in Shanghai on November 5, 2019. Chinese President Xi Jinping attended the opening ceremony and delivered a keynote speech. French President Emmanuel Macron, Greek Prime Minister Kyriakos Mitsotakis, Jamaican Prime Minister Andrew Holness and Serbian Prime Minister Ana Brnabić attended the opening ceremony and related activities. Before the opening ceremony, President Xi Jinping met with foreign leaders attending the Expo. David Saganelidze, member of SRCIC, JSC Partnership Fund President, attended the meeting. President Xi Jinping with foreign leaders attending the opening ceremony David Saganelidze was also invited to attend the sub-forum of 2nd Hongqiao International Economic Forum "WTO Reform and Free Trade Agreements" and gave a speech. Multilateral free trade agreements have opened up markets for Georgian products, while the WTO has safeguarded the free flow of international trade, he said. The 2nd Hongqiao International Economic Forum, sub-forum “WTO Reform and Free Trade Agreements” On November 6, JSC Partnership Fund participated in the signing ceremony held by the team of State Capital of Shanghai Trade Delegation, and the promotional conference of China Anhui (Chaohu) Import Food Industrial Park. David Saganelidze delivering speech at the promotional conference ofChina Anhui (Chaohu) Import Food Industrial Park David Saganelidze said that from the ancient Silk Road to the current Belt and Road Initiative, Georgia and China have always been friendly and cooperative partners. “During the 1st China International Import Expo (CIIE) held in 2018, with the testimony of Georgia's former Prime Minister Mr. Mamuka Bakhtadze, JSC Partnership Fund was very honored to have signed a letter of intent on the project of China Anhui (Chaohu) Import Food Industrial Park, and at the 2nd CIIE this year, we hope to sign a formal agreement of this project, to help introduce Georgian high-quality food and wine enterprises to enter the Chinese market". David Saganelidze speaks at the 2018 Silk Road Business (Zhangjiajie) Summit Source: Xinhua News Agency, Xinmin Evening News, Eastday.com, Tencent News
ICC Pakistan hosts the Launching Ceremony and Introductory Workshop on Incoterms® 2020
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ICC Pakistan hosts the Launching Ceremony and Introductory Workshop on Incoterms® 2020
30 Oct 2019
The International Chamber of Commerce has launched the revised "International Commercial Terms" (Incoterms® 2020), which will help prepare business for the next century of global trade. Facilitating trillions of dollars in global trade each year, the Incoterms® rules are a commonly accepted set of definitions and rules governing commercial trade activity. Incoterms® rules are applied by companies for countless business transactions worldwide supporting ICC's vision to enable business to secure peace, prosperity and opportunity for all. Incoterms®rules are the world's essential terms of trade for the sale of goods. Whether you are filing a purchase order, packaging and labelling a shipment for freight transport, or preparing a certificate of origin at a port, the Incoterms® rules are there to guide you. The Incoterms® rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis. The Incoterms® rules feature abbreviations for terms, like FOB ("Free on Board"), DAP ("Delivered at Place") EXW ("Ex Works"), CIP ("Carriage and Insurance Paid To"), which all have very precise meanings for the sale of goods around the world. Incoterms®2010 is the most current version of the rules to date. This latest edition of the Incoterms® rules included an increased obligation for buyer and seller to cooperate on information sharing and changes to accommodate "string sales." ICC Pakistan hosted the Launching Ceremony and Introductory Workshop on Incoterms® 2020 at Karachi on 21st October 2019. The workshop was conducted by an international expert on Incoterms Ms. Emily O' Connor, Director of Multilateral Rules for Trade & Investment at ICC who oversaw the development of Incoterms®2020 rules. The workshop focused on the major changes to the revision of the Incoterms® rules. A full public presentation of the new rules and demonstration through case-studies of the major changes and processes was provided by the trainer. Chairman Pakistan National Committee of the International Chamber of Commerce (ICC Pakistan) Mr. Tariq M. Rangoonwala expressed his appreciation of the efforts of its Banking Commission and Chair Mr. Ahsan Aziz and ICC itself for having chosen Karachi to be among the first major cities to make this international launch of Incoterms® 2020. He said, this is also a very good occasion for trade bankers, freight forwarders, exporters, importers, regulators and shipping companies to interact as well as to understand from an international expert about the changes and implications in Incoterms® rules. Speaking at the occasion, Nassir Salim, Head Global Operations-HBL said "HBL is Pakistan's largest commercial bank and we endeavor to support efforts that foster sharing of knowledge and best practices across the economy. This workshop will improve the overall awareness levels of parties involved in international trade i.e. the business community of Pakistan, shipping companies and bank on the new Incoterms. This increased awareness would facilitate a deeper understanding of trade transactions and the associated risks. In line with the country's approach, HBL recently held seminars across different cities of the country, where we engaged our client base on how to strengthen governance and standards for trade. Being this workshop's partner underlines HBL's efforts at further enhancing compliance standards both at HBL and across the country.” Mr. Ahsan Aziz, GM Head International Compliance HBL and Chair of the Banking Commission of ICC Pakistan on the occasion thanked ICC and Ms. Emily O' Connor to accept our invitation to conduct this important workshop at Karachi. He also thanked all participants, Partner and Sponsors for their support. Mr. Babar Badat, Immediate Past President of FIATA and Chair of the IRT-TIR Commission of ICC Pakistan emphasized on the importance of Incoterms in the transport, logistics and shipping industries. He informed that the latest version, Incoterms® 2020 contains many changes to rules which apply to billions of dollars of international trade each year. The workshop was partnered by Habib Bank Limited, sponsored by USAID and Habib Metropolitan Bank Ltd., and supported by Standard Chartered Bank Pakistan. About International Chamber of Commerce The International Chamber of Commerce (ICC) is the world's largest business organization with a network of over 6.5 million members in more than 130 countries. ICC is the only private sector organization which enjoys Observer Status at the United Nations and has close working relationships with other intergovernmental organizations including WTO, the G8 and the G20. We are the world business organization. The fundamental mission of ICC is to promote international trade, responsible business conduct and a global approach to regulation through a unique mix of advocacy and standard setting activities together with market leading dispute resolution services. ICC was founded in 1919. Today it has a unique network with the power to influence policy in more than 130 countries. Please see photographs of the event: https://flic.kr/s/aHsmHWyQ4H About ICC Pakistan The Pakistan National Committee of the International Chamber of Commerce (ICC Pakistan) was founded in 1955 and participated actively in ICC affairs. In 1960 the PNC-ICC hosted the International Businessmen's Conference at Karachi under the auspices of the Commission on Asian and Far Eastern Affairs of the International Chamber of Commerce (CAFEA-ICC). ICC Pakistan was reorganized in 1999 and is a consultative body to senior policy makers providing voluntary guidelines and information, which help to facilitate legislation allowing for the development of a conducive and enabling environment for direct investment protection provisions, trade & transport facilitation, intellectual property, Digital Economy, IT & Telecom, Energy & Environment, Documentary Credits, Trade Finance rules and other programmes for facilitating growth in international trade and investment. ICC Pakistan is the National Guaranteeing and Issuing Organization for the Istanbul Convention for temporary admission under ATA Carnets and the UN TIR Convention 1975. The UN TIR Convention is overseen by the International Road Transport Union (IRU) of which the Pakistan National Committee of the ICC is the Associate Member in Pakistan. Source: ICC Pakistan
CSEBA and Qatar Airways co-organize China Beyond Business event
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CSEBA and Qatar Airways co-organize China Beyond Business event
16 Oct 2019
ZAGREB - Chinese Southeast European Business Association (CSEBA), a member of Silk Road Chamber of International Commerce, has organized an event called "China Beyond Business" with Qatar Airways. The aim of this gathering was to raise the awareness of the business community about the importance of doing business with China and to introduce potential travelers to the benefits of Qatar Airways. CSEBA Vice-President Matej Balen gave a presentation outlining the basic directions of the association's activities and introducing many details related to doing business with China. The CSEBA was established with a mission to provide the basis for economic and financial cooperation between China and the countries of South-Eastern Europe, including: Croatia, Bosnia and Herzegovina, Serbia, Slovenia, Montenegro, FYR of Macedonia, Kosovo, Romania, Bulgaria, Albania, Greece, Turkey, Ukraine, Moldova, Belarus, as well as the countries of: Georgia, Armenia, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Turkmenistan and Russia Source: Official website of CSEBA
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