Containers pile up at the busy Yantian Port in Shenzhen, South China’s Guangdong Province. Photo: VCG
China’s main foreign trade promotion agency said on Tuesday that it has recently approved 15 overseas economic and trade exhibition projects out of 35 such exhibitions planned to boost exports.
In announcing the major trade promotions, the China Council for the Promotion of International Trade (CCPIT) also said on Tuesday that it remains confident about the steady and qualitative development of China’s foreign trade.
The CCPIT noted that it is actively promoting and approving overseas exhibition projects for key countries, industries and exhibitions, in order to help enterprises gain orders, expand their markets, and promote the stability and quality of foreign trade.
The organization has approved the first batch of 15 trial trade exhibition projects in eight countries including Germany, the US and the UAE, between November and February 2023, Sun Xiao, spokesperson for the CCPIT, said at a press conference on Tuesday.
The themes of the projects include textiles, auto parts, sports goods, electronics and consumer goods, with the exhibition scale ranging from 100 square meters to 10,000 square meters, Sun noted.
According to a notice released by the CCPIT in early November, a total of 35 overseas trial trade exhibitions have been planned in 14 countries, including Iran, Germany, US, Canada, Mexico, Italy, Australia, France, UAE, Russia, Japan, India, Bangladesh and Spain.
Efforts will also be made to optimize trade and investment services, and guide enterprises to make the best use of the Regional Comprehensive Economic Partnership (RCEP) and other free trade agreements, the CCPIT said.
In the first 10 months of 2022, China’s trade councils issued 4.411 million certificates of origin, ATA Carnets and commercial certificates to promote foreign trade, an increase of 4.56 percent over the previous year, according to the CCPIT.
However, despite the complexity of the domestic and international environment, the trend of steady and qualitative development of China’s foreign trade has not changed, the CCPIT noted.
China’s foreign trade rose 9.5 percent year-on-year in the first 10 months in yuan terms, maintaining steady growth despite weakening demand abroad and geopolitical uncertainties, customs data showed.