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CIIE promotes alignment of domestic and international rules

By KENT LYU | China Daily | Updated: 2022-09-23 00:00
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This year marks the fifth anniversary of the China International Import Expo. The CIIE Bureau and the National Exhibition and Convention Center (Shanghai) launched the "My CIIE Stories" activity on June 1 to invite people who were involved in previous editions of the CIIE to share their stories. They have received a large number of responses so far. This supplement will publish the excellent works of "My CIIE Stories" in succession. Let's follow the words written by the authors and look back on their wonderful moments.

The Hong Kong Trade Development Council, also known as the HKTDC, the official exhibitor organizer under the Hong Kong Special Administrative Region government, has been making steady progress in its preparations for the fifth edition of the China International Import Expo.

Thanks to the efforts of the HKTDC, about 200 Hong Kong companies had participated in the previous editions of the CIIE, occupying a combined 5,700 square meters of exhibition space. The council had also organized a trade mission comprising Hong Kong's institutions and companies, and set up two pavilions for food and trade in services at the fair.

I attended the last two editions of the CIIE as the HKTDC's regional director for eastern and central China and found that the expo not only featured a large number of leading brands and products, but also gathered many professional trade missions. As a result, Hong Kong exhibitors have benefited greatly as they got to sign deals to introduce their products and services to the Chinese mainland, and establish connections with new business partners.

For example, Victex Worldwide Enterprise Limited, a Hong Kong food supplier, clinched a 5-million-yuan ($706,000) deal for rice noodles during the third CIIE in 2020, while plant-based food company Green Common opened a store in Shanghai soon after taking part in the same edition of the expo.

Hong Kong plays an important role in China's "dual circulation "development pattern, which takes the domestic market as the mainstay while letting domestic and foreign markets reinforce each other. Hong Kong's companies, which are familiar with both Chinese and international markets, have helped Chinese companies go abroad and foreign companies enter China.

Hong Kong's food and trade in services pavilions will be expanded to 1,450 sq m in the fifth CIIE. We hope Hong Kong companies can further promote their products and services as well as interact with business partners through the expo.

Kent Lyu is the regional director for eastern and central China at the HKTDC. He started working at the council in 2001 and was appointed to the Shanghai office in June 2020.

 

This year marks the fifth anniversary of the China International Import Expo. Since successfully hosting the first edition in 2018, the annual event has promoted the effective connection between domestic rules and international rules, promoted high-level institutional opening, and improved the integrity and synergy of opening-up. An increasing number of foreign enterprises have leveraged the professional trade expo as a "green channel" to enter the Chinese market. The area of its business exhibition increased from 270,000 square meters in 2018 to 366,000 sq m in 2021, while the first three editions have helped to channel about $30.5 billion of foreign investment into 622 projects. China is also constantly improving its market-oriented, rule of law and international business environment so that global investors can benefit from its development. The event is of great importance in facilitating the alignment and optimization of rules and standard practices in international trade, investment and finance. It is not only an annual economic and trade fair, but also an event that boosts China's high-quality development, promotes wider opening-up and helps to achieve mutual benefits and win-win results.

 

 

 

 

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