Sichuan's commodity trade with B&R countries exceeds 800 bln yuan
Sichuan's commodity trade with B&R countries exceeds 800 bln yuan
19 Sep 2019
CHENGDU, Sept. 18 (Xinhua) -- Southwest China's Sichuan Province saw imports and exports of commodities with Belt and Road countries totaling 802.8 billion yuan (113.3 billion U.S. dollars) from 2013 to July this year, local authorities said Wednesday. According to a news conference on the province's economic and social development and achievements, Sichuan's imports and exports of commodities with Belt and Road countries rose 13.5 percent to 98.31 billion yuan in the first seven months of this year, accounting for 27.2 percent of the province's total commodity trade. The total imports and exports of commodities of the province grew 16 percent in the first eight months of this year, 12.4 percentage points higher than that of the country. The province's imports and exports of commodities totaled only 40 million U.S. dollars in 1978, but the number soared to 90 billion U.S. dollars in 2018. The province now has over 5,000 foreign trade enterprises and exports more than 5,600 kinds of products. Source: Xinhua
Pakistani PM asks for brisk completion of CPEC's special economic zones
Pakistani PM asks for brisk completion of CPEC's special economic zones
18 Sep 2019
Pakistani Prime Minister Imran Khan on Tuesday directed fast completion of the infrastructural work on the special economic zones (SEZs) under the China-Pakistan Economic Corridor (CPEC), the Prime Minister Office said in a statement. The prime minister chaired a meeting here in which he was briefed about the rich potential of the SEZs to attract foreign direct investment by industrialization in the allocated zones which will be set up in all provinces of the country. Khan directed the relevant authority to speed up the process of provision of electricity, gas and road access to the SEZs to facilitate investments and establishment of industries. Pakistani officials in the meeting were apprised that CPEC remains the top priority of the government and infrastructure development, energy and communication sectors have been earmarked for attracting investments. "Prime Minister Imran Khan stated that Pakistan is now on the right track of economic growth and in order to attract investments, the government will provide incentives to potential investors along with ease of doing business," the statement added. First phase of CPEC focusing on energy and infrastructure projects is already nearing its completion, and the Chinese and Pakistani governments are now working on the second phase of CPEC, which will comprise of industrialization and uplift of agriculture sector projects. Source: Xinhua News Agency
China's ODI in B&R countries amounted to 8.97 billion dollars in the first eight months
China's ODI in B&R countries amounted to 8.97 billion dollars in the first eight months
18 Sep 2019
China's investment in overseas markets saw stable growth in the first eight months, as investment structure kept improving and irrational buyouts were effectively curbed, the Ministry of Commerce (MOFCOM) said Tuesday. From January to August, the country's outbound direct investment (ODI) in nonfinancial sectors in 159 countries and regions reached 493 billion yuan ($69.5 billion), up 2.7 percent year-on-year. Foreign investment mainly went to sectors such as leasing and business services, which accounted for 30.9 percent of the total ODI. Manufacturing took up 17.8 percent and wholesale and retail accounted for 10.8 percent. The ministry noted that there was no new investment in industries such as real estate, sports and entertainment. The first eight months also saw many large foreign contracted projects in the infrastructure sector, as deals for 468 projects worth more than $50 million were signed, up from 462 from the same period in 2018. By the end of August, China's overseas contracted projects had created 813,000 jobs for local people. Investment worth $8.97 billion was made in 53 countries along the route of the China-proposed Belt and Road Initiative in the first eight months, accounting for 12.4 percent of the country's total foreign investment during the same period, according to the ministry. Source: Global Times
Qatar launches biggest Silk Road Exhibition in Middle East – SRE 2019
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Qatar launches biggest Silk Road Exhibition in Middle East – SRE 2019
17 Sep 2019
In a major shift in regional and global strategy, Qatar has launched the biggest 10-year platform on trade and investments in the Middle-East titled “Silk Road Exhibition (SRE 2019)” from 3rd-5th November 2019, to establish closer ties in investments, trade and diplomacy with China and the Belt and Road countries. The shift comes after Qatar attended the 2nd Belt and Road Forum in April 2019 with a delegation consisting of Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti and Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari. The same ministries have now launched SRE 2019 to host government delegates and businessmen from over 50 countries to diversify it's business and diplomatic interests in the region and integrate itself with China and BRI. The Ministry of Transport and Communications (MOTC) and Qatar Chambers is aiming to enable invited countries to participate with all their trade, manufacturing, service and logistics sectors to meet under one roof to share experiences and investments; and close major business deals with Qatari enterprises and among themselves. According to the official Qatar 2030 strategy, there is a qualitative shift of Hamad Port and Logistics Area, and the future development plans require a lot of services that may be provided by the participating companies of the Belt and Road partners. “Qatar's position in the region helps it to play an important role in the Belt and Road Initiative, especially with its economic and geographical components,” said Gui Hanfeng, chairman of Global Economic Development Forum (GEDF), a global platform to bolster co-operation as well as economic, trade and cultural coordination among nations. The statement assumes significance considering that the Qatar Chamber (QC) last year signed a memorandum of understanding with the China Council for the Promotion of International Trade to join the Silk Road Business Council. The presence of shipping lines between the two countries contributes to the growth of economic relations, and also supports investment opportunities between them, he said, adding the 2022 FIFA World Cup and the Qatar National Vision 2030 make it an ideal environment for attracting investment, which is expected to see progress and prosperity under these incentives. The invited sectors on SRE include Customs Authorities, Investment Authorities, Shipping and transportation companies by sea, air and land, Logistics Services companies, Port construction and development companies, Dry Dock (Shipyards) Developers, Construction Companies, Insurance companies, Shipbuilders, Container Builders, Oil & Gas Tankers Builders. Land Freight Trains, Port Management companies, Industrial and Commercial products of countries located on the sea and air silk line, Navigation Technology Management, Navigation Universities and Training Institutes, Security and safety companies for Shipping Lines, International organizations and companies specialized in the same field, Consulting Companies, Cruise Ships, Navigation & Meteorological System, Cargo Packaging Equipment, Courier Express, Logistic Zone, Design and Construction of Warehouse Providers, Environmental and Pollution Control Technology and Manufacturing Companies. The participating countries at SRE 2019 will include China, Pakistan, Turkey, India, Iran, Iraq, Japan, Korea, Oman, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. SRE 2019 has also allocated a separate pavilion for Pakistan where it’s expecting a strong participation from the government and private enterprises due to its central role in the development of Belt and Road in South Asia through CPEC and it’s strong relevance to Qatari Vision 2030 due to historical close business and diplomatic ties. Note: For any information regarding participation in SRE 2019, please feel free to get in touch at info@obortunity.org Source: https://obortunity.org/
BRI is taken as a key source of growth for Central European nations, ministers
BRI is taken as a key source of growth for Central European nations, ministers
17 Sep 2019
The Belt and Road Initiative is taken as a key source of growth in the next few years for two Central European and two Southeast Asian nations, according to their ministers. In an interview with China Daily, Slovakia's Deputy Finance Minister Dana Meager and Hungarian Minister of State for Financial Policy Affairs Gabor Gion said their countries' geographical positions in Europe made them ideal regional hubs for transportation and logistics network. Meager and Gion were in Hong Kong from Sept 11-12 to attend a meeting on the Belt and Road Initiative. Meager said Slovakia "is in the heart of Europe. (It is) at the crossroads of east-west and north-south connection". Hungary's Gion said his country "is situated at the very center of Europe. From a logistics points of view, it's a great place". Gion said Hungary's strategic location made it possible for the country to host one of the key infrastructure projects under the initiative. He is referring to the 350-kilometer high-speed railway that will connect the Hungarian capital of Budapest with the Serbian capital of Belgrade. Gion said Hungary's involvement in the BRI is in line with his country's "Opening to the East" policy. Launched in 2010, the "Opening to the East" policy aims to expand Hungarian export markets beyond Europe. For Meager, who also serves as the plenipotentiary of the Slovak Government for the negotiations on Belt and Road Initiative, said "Slovakia was one of the first countries to understand the potential of BRI". She said the Belt and Road Initiative is "all about connecting" and Slovakia's strong geographical position has made it ideal for diverse transportation network that can connect people, governments and investors in the BRI. Railway network Meager said the railway networks that pass through Slovakia are the fastest ways to transport cargo, making it easier for businesses to cut costs and be more efficient. She said that delivering cargo from Asia to Europe (or vice versa) through the maritime route usually takes 40 to 45 days. But a railway network can cut the travel time to 10 days and Meager said that Slovakia is even targeting to reduce that to eight days. She said any investment in Slovakia is made in the euro - an international currency. This will help investors to save money as they don't have to incur foreign exchange losses. "Efficiency, security and safety. This is what Slovakia offers," Meager said. Meager said Chinese investors can look at the automotive sector, the country's biggest industry. Meager said Slovakia is the world's biggest car producer per capita, manufacturing over 1 million cars each year. Meager said Chinese investors can also form joint ventures in Slovakia's other key sectors such as steel milling, chemical manufacturing and pulp and paper. Source: China Daily
China, Singapore express willingness to further strengthen cooperation on Belt and Road Initiative
China, Singapore express willingness to further strengthen cooperation on Belt and Road Initiative
16 Sep 2019
China and Singapore have expressed willingness to further strengthen cooperation on the Belt and Road Initiative (BRI). The pledge was made during the four-day visit to Singapore by Chen Min'er, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Chongqing Municipal Committee. Singaporean Prime Minister Lee Hsien Loong who is also secretary-general of the ruling People's Action Party met with Chen on Wednesday. Lee said during the meeting that Singapore strongly supports the China-proposed BRI and hopes to share the opportunities arising from China's development, boost exchanges and mutual learning between the ruling parties of the two countries and broaden pragmatic cooperation with Chongqing so as to push forward the steady development of the bilateral ties between Singapore and China and benefit people of the two countries and the region. For his part, Chen said China is willing to join hands with Singapore to build the high quality BRI, jointly maintain multilateralism and promote regional stability and development. The CPC is willing to work together with the People's Action Party of Singapore to strengthen exchange and cooperation and make new contribution to the development of bilateral ties, Chen added. Chen's visit concluded on Friday. Source: Xinhua News Agency
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
Turkish Çalık Holding Group Representative visits SRCIC Shanghai Office
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Turkish Çalık Holding Group Representative visits SRCIC Shanghai Office
4 Jul 2019
Ms. Iraz, business representative of Çalık Holding Group in China (L) and Ms. Tian Xiaohong, SRCIC Deputy Secretary General (R) On July 4, Ms. Iraz, business representative of Çalık Holding Group in China visited SRCIC Shanghai Office and Hongqiao Overseas Trading Center accompanied by Ms. Tian Xiaohong. The two sides discussed the issues pertaining to the establishment of an office in Shanghai for Çalık Holding Group. Ms. Tian Xiaohong gave a detailed briefing on the relevant situation of Hongqiao Overseas Trade Center, and said SRCIC Shanghai Office could offer a help for Çalık Holding Group to participate in China International Import Expo. “We are also willing to recommend the most appropriate office for Çalık Holding Group in Shanghai, provide consultation with the relevant preferential policies of the government and assistance in visa application, taxation, finance, business registration, legal affairs, etc.”Ms. Tian Xiaohong said. Ms. Iraz said that she is very grateful for the warm reception of SRCIC, and she would submit a formal report to the high management level of Çalık Holding Group to confirm final location and details.
Seminar on Investment Opportunities between Thailand and Shaanxi Province held in Xi’an
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Seminar on Investment Opportunities between Thailand and Shaanxi Province held in Xi’an
2 Jul 2019
On July 2, the Seminar on Investment Opportunities between Thailand and Shaanxi Province was successfully held in Xi'an with the full assistance ofSRCIC. The Seminar aims to enhance the exchanges between Thailand and Shaanxi province in investment policies, environment and opportunities, to build a platform for cooperation, and to promote Shaanxi enterprises to "go out" in Thailand. More than 150 representatives of Thai and Shaanxi entrepreneurs attended the Seminar, and SRCIC Deputy Secretary General Diane Bian was invited to attend. Ms. Oracha Tanakorn, Consul General, Royal Thai Consulate-General in Xi'an and Mr. Li Jianhua, Vice President of China Council for the Promotion of International Trade (CCPIT)Shaanxi Sub-Council delivered speeches at the Seminar. Mr. Li Jin, Secretary General of the Chongqing International Chamber of Commerce presided over the Seminar. Ms. Oracha Tanakorn, Consul General, Royal Thai Consulate-General in Xi'an delivering the speech At the Seminar, Ms. Wu Yiyi, Director of the Shanghai Office of the Investment Promotion Board of Thailand, introduced the latest investment policies and opportunities in Thailand. Mr. Tsai Wai Tsai, Senior Vice PresidentofGlobal Business Divisionof Kasikornbank of Thailand, gave a presentation on Thai finance, investment policy and services. After the Seminar, the members of the Thai Investment Committee accompanied by SRCIC staffs visited Xi'anlocal enterprises.
Lebanese Fransabank Representative called on SRCIC Shanghai Office
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Lebanese Fransabank Representative called on SRCIC Shanghai Office
1 Jul 2019
On 1 July, WalidDaouk, Former Information Minister of LebanonandBoard Member of FransabankGroup, called on SRCIC Shanghai Office. SRCIC Deputy Secretary General Ms. Tian Xiaohongheld a friendly talk with WalidDaouk. SRCIC Deputy Secretary General Tian Xiaohong(L3) and WalidDaouk(R3) WalidDaouksaid it was his second visit to Shanghai since 2012and he marveled at breathtaking changesof the city. Nowadays, China has become a hugemarket with the increasing growth. Walid Daouk alsoconveyed the greeting of AdnanKassar, Chairman and CEO of Fransabank Group andHonorary Chairman of SRCIC.He said Chairman Kassar specially requested him to visit SRCIC Shanghai Officethis time, hoping SRCICand the Kassarfamily will always be close to each other and will fully support mutualdevelopment. Ms. Tian Xiaohongand Mr. WalidDaoukexchanging gifts Deputy Secretary General Ms. Tian Xiaohongexpressed hergratitude to Chairman Kaasarfor thesupport, care and helpto SRCIC, especially for the warm reception of the delegation led by SRCIC ChairmanLu Jianzhongand Secretary General Li Zhonghangto Lebanon.“The deepening of China's opening uptotheworld provides opportunities for Fransabank to embark on the Chinese market.SRCIC Shanghai Officewill giveall its strengthtoofferassistance andprovide the latest and preferentialpoliciesto Fransabank .”Ms. Tian added. Walid Daoukinvited Ms. Tian Xiaohong to visit Lebanon in the future.Ms. Tian received the warm invitation by expressingthat she will bring a delegation of Chinese enterprises to Lebanonasan opportunitytoincrease culturaland commercial exchanges.She also iteratedthat SRCIC is willing to act as a bridge and a tie to match the projects between two countries. Both two sides praised theefficacy ofmeetinghoping to have the deepened cooperation. Ms. Tian Xiaohongand Mr. Walid Daoukarelooking forward to seeing each otheragain at the 2019 Silk Road Business(Hong Kong) Summit in early December.
Sichuan's commodity trade with B&R countries exceeds 800 bln yuan
Sichuan's commodity trade with B&R countries exceeds 800 bln yuan
19 Sep 2019
CHENGDU, Sept. 18 (Xinhua) -- Southwest China's Sichuan Province saw imports and exports of commodities with Belt and Road countries totaling 802.8 billion yuan (113.3 billion U.S. dollars) from 2013 to July this year, local authorities said Wednesday. According to a news conference on the province's economic and social development and achievements, Sichuan's imports and exports of commodities with Belt and Road countries rose 13.5 percent to 98.31 billion yuan in the first seven months of this year, accounting for 27.2 percent of the province's total commodity trade. The total imports and exports of commodities of the province grew 16 percent in the first eight months of this year, 12.4 percentage points higher than that of the country. The province's imports and exports of commodities totaled only 40 million U.S. dollars in 1978, but the number soared to 90 billion U.S. dollars in 2018. The province now has over 5,000 foreign trade enterprises and exports more than 5,600 kinds of products. Source: Xinhua
Pakistani PM asks for brisk completion of CPEC's special economic zones
Pakistani PM asks for brisk completion of CPEC's special economic zones
18 Sep 2019
Pakistani Prime Minister Imran Khan on Tuesday directed fast completion of the infrastructural work on the special economic zones (SEZs) under the China-Pakistan Economic Corridor (CPEC), the Prime Minister Office said in a statement. The prime minister chaired a meeting here in which he was briefed about the rich potential of the SEZs to attract foreign direct investment by industrialization in the allocated zones which will be set up in all provinces of the country. Khan directed the relevant authority to speed up the process of provision of electricity, gas and road access to the SEZs to facilitate investments and establishment of industries. Pakistani officials in the meeting were apprised that CPEC remains the top priority of the government and infrastructure development, energy and communication sectors have been earmarked for attracting investments. "Prime Minister Imran Khan stated that Pakistan is now on the right track of economic growth and in order to attract investments, the government will provide incentives to potential investors along with ease of doing business," the statement added. First phase of CPEC focusing on energy and infrastructure projects is already nearing its completion, and the Chinese and Pakistani governments are now working on the second phase of CPEC, which will comprise of industrialization and uplift of agriculture sector projects. Source: Xinhua News Agency
China's ODI in B&R countries amounted to 8.97 billion dollars in the first eight months
China's ODI in B&R countries amounted to 8.97 billion dollars in the first eight months
18 Sep 2019
China's investment in overseas markets saw stable growth in the first eight months, as investment structure kept improving and irrational buyouts were effectively curbed, the Ministry of Commerce (MOFCOM) said Tuesday. From January to August, the country's outbound direct investment (ODI) in nonfinancial sectors in 159 countries and regions reached 493 billion yuan ($69.5 billion), up 2.7 percent year-on-year. Foreign investment mainly went to sectors such as leasing and business services, which accounted for 30.9 percent of the total ODI. Manufacturing took up 17.8 percent and wholesale and retail accounted for 10.8 percent. The ministry noted that there was no new investment in industries such as real estate, sports and entertainment. The first eight months also saw many large foreign contracted projects in the infrastructure sector, as deals for 468 projects worth more than $50 million were signed, up from 462 from the same period in 2018. By the end of August, China's overseas contracted projects had created 813,000 jobs for local people. Investment worth $8.97 billion was made in 53 countries along the route of the China-proposed Belt and Road Initiative in the first eight months, accounting for 12.4 percent of the country's total foreign investment during the same period, according to the ministry. Source: Global Times
Qatar launches biggest Silk Road Exhibition in Middle East – SRE 2019
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Qatar launches biggest Silk Road Exhibition in Middle East – SRE 2019
17 Sep 2019
In a major shift in regional and global strategy, Qatar has launched the biggest 10-year platform on trade and investments in the Middle-East titled “Silk Road Exhibition (SRE 2019)” from 3rd-5th November 2019, to establish closer ties in investments, trade and diplomacy with China and the Belt and Road countries. The shift comes after Qatar attended the 2nd Belt and Road Forum in April 2019 with a delegation consisting of Minister of Transport and Communications H E Jassim bin Saif Al Sulaiti and Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari. The same ministries have now launched SRE 2019 to host government delegates and businessmen from over 50 countries to diversify it's business and diplomatic interests in the region and integrate itself with China and BRI. The Ministry of Transport and Communications (MOTC) and Qatar Chambers is aiming to enable invited countries to participate with all their trade, manufacturing, service and logistics sectors to meet under one roof to share experiences and investments; and close major business deals with Qatari enterprises and among themselves. According to the official Qatar 2030 strategy, there is a qualitative shift of Hamad Port and Logistics Area, and the future development plans require a lot of services that may be provided by the participating companies of the Belt and Road partners. “Qatar's position in the region helps it to play an important role in the Belt and Road Initiative, especially with its economic and geographical components,” said Gui Hanfeng, chairman of Global Economic Development Forum (GEDF), a global platform to bolster co-operation as well as economic, trade and cultural coordination among nations. The statement assumes significance considering that the Qatar Chamber (QC) last year signed a memorandum of understanding with the China Council for the Promotion of International Trade to join the Silk Road Business Council. The presence of shipping lines between the two countries contributes to the growth of economic relations, and also supports investment opportunities between them, he said, adding the 2022 FIFA World Cup and the Qatar National Vision 2030 make it an ideal environment for attracting investment, which is expected to see progress and prosperity under these incentives. The invited sectors on SRE include Customs Authorities, Investment Authorities, Shipping and transportation companies by sea, air and land, Logistics Services companies, Port construction and development companies, Dry Dock (Shipyards) Developers, Construction Companies, Insurance companies, Shipbuilders, Container Builders, Oil & Gas Tankers Builders. Land Freight Trains, Port Management companies, Industrial and Commercial products of countries located on the sea and air silk line, Navigation Technology Management, Navigation Universities and Training Institutes, Security and safety companies for Shipping Lines, International organizations and companies specialized in the same field, Consulting Companies, Cruise Ships, Navigation & Meteorological System, Cargo Packaging Equipment, Courier Express, Logistic Zone, Design and Construction of Warehouse Providers, Environmental and Pollution Control Technology and Manufacturing Companies. The participating countries at SRE 2019 will include China, Pakistan, Turkey, India, Iran, Iraq, Japan, Korea, Oman, Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. SRE 2019 has also allocated a separate pavilion for Pakistan where it’s expecting a strong participation from the government and private enterprises due to its central role in the development of Belt and Road in South Asia through CPEC and it’s strong relevance to Qatari Vision 2030 due to historical close business and diplomatic ties. Note: For any information regarding participation in SRE 2019, please feel free to get in touch at info@obortunity.org Source: https://obortunity.org/
BRI is taken as a key source of growth for Central European nations, ministers
BRI is taken as a key source of growth for Central European nations, ministers
17 Sep 2019
The Belt and Road Initiative is taken as a key source of growth in the next few years for two Central European and two Southeast Asian nations, according to their ministers. In an interview with China Daily, Slovakia's Deputy Finance Minister Dana Meager and Hungarian Minister of State for Financial Policy Affairs Gabor Gion said their countries' geographical positions in Europe made them ideal regional hubs for transportation and logistics network. Meager and Gion were in Hong Kong from Sept 11-12 to attend a meeting on the Belt and Road Initiative. Meager said Slovakia "is in the heart of Europe. (It is) at the crossroads of east-west and north-south connection". Hungary's Gion said his country "is situated at the very center of Europe. From a logistics points of view, it's a great place". Gion said Hungary's strategic location made it possible for the country to host one of the key infrastructure projects under the initiative. He is referring to the 350-kilometer high-speed railway that will connect the Hungarian capital of Budapest with the Serbian capital of Belgrade. Gion said Hungary's involvement in the BRI is in line with his country's "Opening to the East" policy. Launched in 2010, the "Opening to the East" policy aims to expand Hungarian export markets beyond Europe. For Meager, who also serves as the plenipotentiary of the Slovak Government for the negotiations on Belt and Road Initiative, said "Slovakia was one of the first countries to understand the potential of BRI". She said the Belt and Road Initiative is "all about connecting" and Slovakia's strong geographical position has made it ideal for diverse transportation network that can connect people, governments and investors in the BRI. Railway network Meager said the railway networks that pass through Slovakia are the fastest ways to transport cargo, making it easier for businesses to cut costs and be more efficient. She said that delivering cargo from Asia to Europe (or vice versa) through the maritime route usually takes 40 to 45 days. But a railway network can cut the travel time to 10 days and Meager said that Slovakia is even targeting to reduce that to eight days. She said any investment in Slovakia is made in the euro - an international currency. This will help investors to save money as they don't have to incur foreign exchange losses. "Efficiency, security and safety. This is what Slovakia offers," Meager said. Meager said Chinese investors can look at the automotive sector, the country's biggest industry. Meager said Slovakia is the world's biggest car producer per capita, manufacturing over 1 million cars each year. Meager said Chinese investors can also form joint ventures in Slovakia's other key sectors such as steel milling, chemical manufacturing and pulp and paper. Source: China Daily
China, Singapore express willingness to further strengthen cooperation on Belt and Road Initiative
China, Singapore express willingness to further strengthen cooperation on Belt and Road Initiative
16 Sep 2019
China and Singapore have expressed willingness to further strengthen cooperation on the Belt and Road Initiative (BRI). The pledge was made during the four-day visit to Singapore by Chen Min'er, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Chongqing Municipal Committee. Singaporean Prime Minister Lee Hsien Loong who is also secretary-general of the ruling People's Action Party met with Chen on Wednesday. Lee said during the meeting that Singapore strongly supports the China-proposed BRI and hopes to share the opportunities arising from China's development, boost exchanges and mutual learning between the ruling parties of the two countries and broaden pragmatic cooperation with Chongqing so as to push forward the steady development of the bilateral ties between Singapore and China and benefit people of the two countries and the region. For his part, Chen said China is willing to join hands with Singapore to build the high quality BRI, jointly maintain multilateralism and promote regional stability and development. The CPC is willing to work together with the People's Action Party of Singapore to strengthen exchange and cooperation and make new contribution to the development of bilateral ties, Chen added. Chen's visit concluded on Friday. Source: Xinhua News Agency
SRCIC member attended the 4th China-Arab States Expo
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SRCIC member attended the 4th China-Arab States Expo
9 Sep 2019
The 4th China-Arab States Expo was successfully held on September 5-8, 2019, in Yinchuan, Ningxia. Cao Jianming, Vice Chairman of the Standing Committee of the National People's Congress, attended the opening ceremony, delivered a congratulatory letter from President Xi Jinping, and gave a keynote speech. Organizations and enterprises from 89 countries, 107 delegations, and more than 2,900 regional business associations participated in a series of activities, including the opening ceremony, eight exhibitions and investment promotions, four forums, and events staged by the guest province of Jiangsu. Participants also carried out extensive business networking and industrial investigations in trade and investment, high-tech, internet plus, digital economy, infrastructure and capacity cooperation. SRCIC member Mr. Kassem Tofailli, President of Arab Chinese Cooperation and Development Association (ACCDA), attended the opening ceremony and delivered a speech at the 2nd Ningxia International Friendship Forum. 162 representatives from local governments and international friendship organizations in 21 countries were present at the Forum. The delegates also participated in the parallel sessions of the China-Arab States Expo. Group photo of Chairman Kasim Tufali (first from right) with guests attending the opening ceremony Mr. Kassem Tofailli briefed the efforts made by ACCDA in promoting cultural and people-to-people exchanges between Arab countries and China. He suggested the participating international organizations join non-profit organizations such as the Silk Road NGO Cooperation Network and the Silk Road Chamber of International Commerce (SRCIC), who advocate stronger cooperation under the framework of Belt and Road Initiative. Thanks to SRCIC and its Silk Road Sunshine Fund, some Arab students have been able to study in China, who will be future ambassadors to further Sino-Arab cooperation and Sino-Arab friendship. SRCIC member Mr. Daurov Khussey, Chairman of the Dungan AssociationofKazakhstan, was also invited to the opening ceremony and the 3rd China-Arab States Business Summit. The Summit was co-organized by the China Council for the Promotion of International Trade, Secretariat of the League of Arab States, General Union of Chambers of Commerce, Industry and Agriculture, and the People's Government of Ningxia Hui Autonomous Region. Group photo of Chairman Daurov Khussey (first from left) with other guests The 4th China-Arab States Expo was themed "New Opportunity, New Future," adhered to the principle of "extensive consultation, joint contribution and shared benefits", and focused on economic and trade cooperation, high and new technology, digital economy, and production capacity cooperation.At the signing ceremony, a total of 362 projects were signed between China and Arab States, suggesting RMB 185.42 billion yuan of investment and trade.The signed projects cover a variety of sectors, including modern agriculture, high and new technology, equipment manufacturing, infrastructure, production capacity cooperation, industrial park construction, "Internet + medical and health", tourism cooperation etc. Source: part of the content is extracted from the relevant reports of Xinhuanet
SRCIC Representatives Attend the 2019 Round-Table Conference of Silk Road International Chambers of Commerce (Dunhuang)
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SRCIC Representatives Attend the 2019 Round-Table Conference of Silk Road International Chambers of Commerce (Dunhuang)
3 Sep 2019
On August 31, the 2019 Round-Table Conference of Silk Road International Chambers of Commerce (Dunhuang) was successfully held in Dunhuang, Gansu Province, as part of the 4thSilk Road (Dunhuang)International Cultural Expo and the 9thDunhuang Tour - Silk Road International Tourism Festival. The event was hosted by China Council for the Promotion of International Trade(CCPIT)and Gansu Provincial People’s Government, and was organized by China Chamber of International Commerceand CCPIT Gansu Provincial Committee. Zhang Shizhen, Vice Governor of Gansu Province, Chen Jian’an, Vice Chairman of CCPIT, H. E. Lugris Rodriguez Juan Fernando, Ambassador of Uruguay to China and H. E. Leela Mani Paudyal, Ambassador of Nepal to China were present at the conference and delivered keynote speeches. DarylGuppy, President of Australia China Business Council NT Branchand Mansoor Lari, CEO of Silk Route Trade and Industry Development Corporation of India, both SRCIC member organizations, attended the conference at invitation along with two representatives from SRCIC Secretariat. Daryl Guppygiving a speech at the 2019 Round-Table Conference of Silk Road International Chambers of Commerce (Dunhuang) Mr. DarylGuppydelivered a speech entitled Belt and Road Cooperation. He offered five proposals on how to share development opportunities under the Belt and Road Initiative. Toincrease engagement of media for more public understanding of the BRI and awareness ofthe development opportunitiesit brings. To support work done by the Silk Road Chamber of International Commerce because they help establish the strategic framework for discussion and development. To hold and participate in regional and sectoral trade exposto share business and cooperation opportunities. To encourage exchanges amongattending delegationsto explore cooperation and developmentin specific areas. To promoteexchangesamong academiccirclesand universities, for cooperationin R&D can lay foundation for future development. Source: gscn.com.cn, Mr. Daryl Guppy
Star of August – National Chamber of Commerce and Services of Uruguay
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Star of August – National Chamber of Commerce and Services of Uruguay
20 Aug 2019
Brief Introduction to Uruguay Uruguay is located in the southeast region of South America, on the east bank of Uruguay River and La Plata River. Its capital city is Montevideo. Uruguay enjoys political stability, favorable geographical location, monetary easing policy and freedom from foreign exchange control, all of which contribute to an attractive environment for foreign investment. Uruguay has signed free trade agreement with many other South American countries, and serves as a bridge connecting China with South America. In recent years, the bilateral trade between Uruguay and China has been growing rapidly. Chinese investment in Uruguay has been constantly increasing in expanding areas. In 2018, the bilateral trade volume reached $4.62 billion US dollars. China is the largest trading partner of Uruguay and the largest importer of wool, beef, pulp and soybeans. Uruguay is the fifth largest soybean supplier to China. In April of 2019, a Mutual Recognition Agreement of the Authorized Economic Operator (AEO) between China and Uruguay Customs was signed. In August of 2018, the Memorandum on Joint Construction of the Belt and Road was signed between Uruguay and China, the first Mercosur country to do so. National Chamber of Commerce and Services of Uruguay The mission of the National Chamber of Commerce and Services of Uruguay is to stand up for the general interest of commerce and private business sector of the national economy, and to offer a wide range of services to promote legitimate businesses. Since its founding in 1867, the Chamber has organized various activities to promote the development of SMEs according to the following principles of action: · Continuous training of abilities and competences · Promote proactiveness to address new challenges · Fair Competition · Support the diversity of businesses and always put the public interest ahead · Develop the competitiveness of private sectors and advocate quality and corporate social responsibility. The Chamber represents more than 15,000 member enterprise across the country through its actions, policies, and participation in various national and international programs for cooperation and SMEs assistance. Some of these actions are to expand business network, enhance the role of education in creating a more entrepreneurial culture, develop education and training programs to facilitate access to information, introduce companies into new market opportunities, enhance competitiveness and support the long-term sustainability of companies and search for alternatives channels to promote technological innovation. Member companies can also access a range of services: international business school, family business centre, international trade promotion, Eurocentre Office of Promoting Business UE-Latin America (AL-INVEST IV), Latin American Association for promoting Export Services, intellectual property centre, assessment centers for economy, labour and taxes, think tank (to make proposals and plans of action on the main subjects concerning the country's national strategy), issuing of Certificates of Origin and Public Sector licitations. The National Chamber of Commerce and Services of Uruguay joined SRCIC as a correspondent on August 5, 2019, bringing the number of SRCIC member countries to 82. Recent activities 1. Seminar on the EU-MERCOSUR Agreement On July 11, the National Chamber of Commerce and Services of Uruguay and the International Business School co-sponsored a seminar on the EU-MERCOSUR Agreement. Mr. Julio César Lestido, President of the National Chamber of Commerce and Services of Uruguay, made a welcoming speech. He stressed the importance of the EU-MERCOSUR Agreement for Uruguay by saying that the only way to achieve substantial and steady economic growth was to open up to the world. He also expressed that the Chamber of Commerce, as the representative body of private sectors, should continue to play a leading role in the open economy. 2. Business opportunities in Southeast Asia: Malaysia On August 14, the National Chamber of Commerce and Services of Uruguay, the Economic Counsellor's Office of the Malaysian Embassy and the MERCOSUR-ASEAN Chamber of Commerce jointly held a meeting to promote the business opportunities in Malaysia. This meeting aimed to introduce Malaysian business environment and provide economic opportunities to Uruguayan companies. Malaysia enjoys a strategic location, high level of private investment, tax incentive system and is actively engaged in the affairs of the Association of Southeast Asian Nations (ASEAN). By the influence of the international integration of ASEAN, Malaysia has become one of the most dynamic economies in Asia and an economic gateway to the Asian continent.
Colombian Chinese Investment and Commerce Chamber visits SRCIC Beijing Representative Office
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Colombian Chinese Investment and Commerce Chamber visits SRCIC Beijing Representative Office
2 Aug 2019
On Aug.2, 2019, Mr. Jaime Suarez, Executive Director of Colombian Chinese Investment and Commerce Chamber, one of SRCIC members, visited SRCIC's Beijing Representative Office and exchanged views with Mr. Wang Yan, SRCIC Deputy Secretary General. Mr. Wang Yan, SRCIC Deputy Secretary General (R) and Mr. Jaime Suarez, Executive Director of Colombian Chinese Investment and Commerce Chamber (L) Mr. Jaime Suarez pointed out that the Colombian Chinese Investment and Commerce Chamber joined the business delegation accompanying President Iván Duque Márque for his state visit to China. He added that Columbia is rich in natural resources. Considering the fact that China is the second largest trade partner of Columbia, he expects to see the Columbian exports to China continue to grow. In recent years, Columbia has increased its investment in infrastructure projects. Mr. Jaime Suarez hoped that SRCIC could mobilize its international resources and introduce more influential Chinese entrepreneurs to invest in Columbia in the future. Mr. Wang Yan welcomed Mr. Jaime Suarez and expressed that SRCIC always works its best to serve the members. He hoped that the Colombian Chinese Investment and Commerce Chamber and SRCIC maintain frequent exchanges, and SRCIC will continue its efforts to introduce more Chinese enterprises to invest in Columbia.
Philippines' Arroyo describes China's BRI as "broadest platform for collaboration"
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Philippines' Arroyo describes China's BRI as "broadest platform for collaboration"
26 Jul 2019
Former Philippine President Gloria Macapagal Arroyo described on Friday the Belt and Road Initiative (BRI) as "China's broadest platform for collaboration and cooperation", saying that the Philippines is gaining benefits from the trade and infrastructure cooperation with China. "Infrastructure is an obvious area that can benefit from the economic cooperation that the BRI embodies," Arroyo told on the Belt and Road China-Philippines Forum on people-to-people exchange and economic cooperation held in Manila. She lauded China-proposed BRI, saying the 21st Century Maritime Silk Road "fits very nicely" with the Philippines' ongoing "Build, Build, Build" infrastructure project. The "Build, Build, Build" program, rolled out by the Philippine government in 2017, intends to spend 8 to 9 trillion pesos (roughly 160 to 180 billion U.S. dollars) in the medium-term on building roads, bridges, airports, seaports and railways in the Philippines. Accelerating infrastructure is one of the Philippine government's policies agenda to usher in the country's "Golden Age of Infrastructure" through the program. Tan Qingsheng, the deputy chief of mission and minister counselor at the Chinese embassy in the Philippines, told the forum that the BRI is a "pie for everyone to share, not a pitfall that hinders development." The BRI, proposed by China in 2013, aims at enhancing all-around connectivity through infrastructure construction, exploring new driving force for the world economic growth, and building a new platform for world economic cooperation. "The BRI promotes open and inclusive economic cooperation," he said, adding it is a "peaceful development platform" and "not a geopolitical tool" directed against any country. "China initiated the very idea, but the BRI as a platform is owned and equally participated by all participating countries," he said, adding that the initiative is guided by "consultation and cooperation for shared benefits." So far, some 126 countries, including the Philippines, and 29 international organizations have signed cooperation documents on BRI with China. "All the cooperation projects are not imposed on anyone or designed to frame any other country," Tan said, "the BRI is a pie for everyone to share, not a pitfall that hinders development." "The Philippines is an important developing country with great potentials, and a natural partner in jointly building BRI," he said. Indeed, some Chinese-funded infrastructure projects have already started in the Philippines. The construction of the two bridges over Pasig River in Manila and the Chico River Pump Irrigation Projects in the northern Philippines are in full swing. The New Centennial Water Source-Kaliwa Dam project and the Philippine National Railway South Long Haul are being pushed forward at a steady pace and will contribute to the development of agriculture and transportation in the country. The former Philippine president also praised the Chinese-funded infrastructure projects, stressing that "the main thing to focus now is on the implementation side." Arroyo expressed confidence that the Philippines would continue "to exert greater and greater effort to remove on the ground bottlenecks that impede the implementation of projects," referring to "not only projects that involve infrastructure funders but also those that involve trade and investment growth from China." She said bilateral relations between the Philippines and China "have reached new heights." "China is correct in striving for partnership and growth and development with its neighbors. This enlightened attitude provides a foundation for continued friendship between China and the world and indeed within China and the Philippines," she further said. The Philippines, under President Rodrigo Duterte, is an enthusiastic partner of China's BRI. In November 2018, the governments between China and the Philippines signed a memorandum of understanding on the BRI cooperation. Duterte attended both the first and second Belt and Road Forum for International Cooperation in Beijing. Both countries have committed to further strengthen the synergies between the BRI and "Build, Build, Build" program. The Belt and Road China-Philippines Forum on people-to-people exchange and economic cooperation, held by China Public Diplomacy Association and the Presidential Communications Operations Office of the Philippines, seeks to provide new ideas, methods and opportunities in addition to the existing areas of China-Philippines economic cooperation. Source: Xinhua News Agency
ICC Incoterms® 2020 Introductory Workshop in Karachi, Pakistan
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ICC Incoterms® 2020 Introductory Workshop in Karachi, Pakistan
25 Jul 2019
The ICC Pakistan will host the Introductory Workshop on Incoterms® 2020 on 21 October, 2019 in Karachi. The workshop will focus on the major changes to the revision of the Incoterms® rules. It will be the case study driven to achieve the maximum practical benefit in everyday agreement of sales contracts with particular focus on the international contract of sale. A full public presentation of the new rules and demonstration through case-studies of the major changes and processes will be provided. Please acquire more info about the workshop by downloading the Incoterms 2020 Workshop Preliminary Brochure. About ICC Incoterms The Incoterms® rules are an internationally recognised standard and are used worldwide in international and domestic contracts for the sale of goods. The new rules of the ICC Incoterms® 2020, published by the International Chamber of Commerce (ICC) in Paris, are set for release in September 2019. FYR: https://iccwbo.org/resources-for-business/incoterms-rules/
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