SCIO briefing on First China International Import Expo

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Speakers:
Mr. Fu Ziying, China’s international trade representative and vice minister of the Ministry of Commerce
Mr. Wang Bingnan, vice minister of the Ministry of Commerce
Mr. Zhou Bo, executive vice mayor of Shanghai

Chairperson:
Hu Kaihong, spokesperson of the State Council Information Office

Date:
Nov. 2, 2017

China Daily:

What measures will the China International Import Expo take for the exports from developing countries and the least developed countries, especially for the entry of related products into the Chinese market? Thanks.

Wang Bingnan:

The most important goal of hosting the China International Import Expo is to provide a public platform for countries at different levels of development to improve their national influence and deepen their trade cooperation with others. We will take the following measures to assist the entry of related products from developing countries and the least developed countries into the Chinese market:

Firstly, sharing market opportunities and achieving common development. As we all know, China is a huge market with a population of over 1.3 billion. The demand for good quality and special products and services is increasing day by day. To set up such an international cooperation platform, we sincerely invite the developing countries and least developed countries to organize their companies to participate in the China International Import Expo. The China International Import Expo will provide them an opportunity to exhibit their special and competitive products and services, share the huge business opportunities in the Chinese market, strengthen their cooperation with China and other countries, and strive for mutually beneficial cooperation and common development.

Secondly, holding activities for promotion and facilitating cooperation channels. Trade and investment are inseparable and complementary. With the aim of facilitating the connectivity between trade and industry, and creating new channels for cooperation in trade and investment, we will organize a series of economic and commercial activities including a supply-demand meeting point, a negotiation meeting point and an investment seminar in accordance with the requirements from participating countries, especially from the developing countries and least developed countries.

Thirdly, providing assistance and improving support services. We will provide necessary assistance and help some developing countries and least developed countries at the China International Import Expo. For instance, we will reduce or waive exhibition fees for some countries. We will improve support services for the convenience of exhibitors and their products in entry and exit during the expo. According to different specifications and types of the products, we will establish an online and offline one-stop trading platform to provide display and trade services in a long term after the expo. Thanks.

The Wall Street Journal:

President Donald Trump will visit China. So, will there be any achievements made in terms of economy and trade after this visit? And before Trump's visit to China, what kind of exchanges have the both sides made in preparation? Compared to the President Obama's visit to China, what's the difference in terms of preparing the economic and trade activities? Also, will there be any new measures with regard to China's opening up?

Fu Ziying:

Thanks for your questions, which feature a quite hot topic. China has already published the date of President Trump's visit and relevant information. What I can tell you is that Wilbur Ross, the US commerce secretary, will lead a business and trade delegation to China at the same time. Related economic and trade activities will be undertaken between China and the U.S., and cooperation agreements will be signed. As you asked about the preparations that both sides have made for this visit, I may say that we have already reached consensus on some aspects and we are striving to make achievements in terms of economy and trade, as well as the next stage of China-U.S. cooperation. We also expect the two sides will produce pragmatic achievements on the basis of a consensus shared between them, in a bid to promote the China-U.S. relationship to usher in a better future.

China National Radio (CNR):

This time, the countries invited to the China International Import Expo are not limited to those along the Belt and Road. Would you please tell us which countries the expo is mainly targeting and what has been taken into consideration for that? Thank you.

Wang Bingnan:

At the opening ceremony of the Belt and Road Forum (BRF) for International Cooperation, President Xi Jinping announced that China will host the China International Import Expo starting in 2018. Since then, the international community has attached great importance to the event, and many countries and companies have expressed their wishes to participate in the expo through different channels. In response to their concerns and to give all the participants easier and quicker access to the expo, the Import Expo Preparatory Committee Office has started the work for inviting exhibitors worldwide. In mid-October, we sent invitations to more than 200 trading partners. We hope corporations all over the world will participate in the expo as well. From the information we've got so far, the work for inviting exhibitors overseas is proceeding smoothly.

We estimate that more than 100 countries and regions will send their corporations to attend the first Import Expo. We will release a specific invitation list later, and we will keep you informed of the progress in a timely manner. Here it is necessary to point out that the first China International Import Expo is not an expo in the common sense. It is an open cooperative platform provided by China for all countries to display their national development achievements and carry out international trade. We will invite the participating countries on an extensive basis. And we sincerely welcome corporations and guests from all countries, including those along the Belt and Road, to be present at the first Import Expo. Thank you.

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