BEIJING: When the world’s largest free trade bloc was created through the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement by 15 Asia-Pacific economies in November 2020, the huge opportunities it represents inspired countless business people in the member states who were seeking greater success. Following the pact’s entry into force in January, their dreams are coming true and new possibilities in bilateral and multilateral economic and trade cooperation are emerging.
The burgeoning regional trade has also given platforms such as the China International Fair for Investment and Trade (CIFIT) a bigger role.
With more than 30 years of history, the CIFIT in Xiamen, Fujian Province, has become a particular boon for global investors eyeing the Chinese market and an integral part of China’s investment landscape. More than 300,000 business people from over 200 countries and regions signed over 30,000 project contracts in the editions before 2022. The fair is also a source of authoritative information, and a venue for sharing research outcomes on global investment trends.
This year, the 22nd CIFIT will take place from September 8 to 11.
The event will focus on boosting trade among the RCEP members, Guo Tingting, Assistant Minister of Commerce of China, said at a press conference in Beijing on August 30. Its other priorities will include implementing the China-proposed Global Development Initiative, promoting coordinated development of the regional economy, expanding multilateral and bilateral economic and trade exchanges, as well as pushing forward cooperation under the China-proposed Belt and Road Initiative and the sustainable development of the BRICS countries.
–The Daily Mail-Beijing
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