China’s President Xi Jinping will deliver a keynote speech at the opening ceremony of the China International Import Expo (CIIE), the second edition of the five-day event, on November 5 in Shanghai.
Addressing a press conference in Beijing, Vice Minister for Commerce Wang Bingnan said that the president’s attendance at the expo’s opening ceremony for two consecutive years demonstrates China’s consistent support of the multilateral trading system, and its commitment to promote trade liberalization and facilitation.
Over 3,000 enterprises from over 150 countries, including 192 firms from the US, are set to attend the expo, a senior Commerce Ministry official Ren Hongbin said. It is noted that Honeywell, a US-based manufacturing and tech giant, plans to expand its exhibition area this year.
In the first expo in 2018, “we made great achievements in just five days, which prompted us to actively participate in the second expo this year,” said Lu Rong, a senior official of the Honeywell Asia. During the last year’s expo, the Honeywell signed 17 agreements with Chinese enterprises.
“We plan to expand our exhibition area by three times,” Lu noted without disclosing the exact additional expense. Wang Bingnan said that the establishment of the Import Expo is a major decision from China, aiming to promote a new round of opening-up and launching a major initiative to open its market to the world.
To a question, the vice minister said that with more than 3,000 registered exhibiting companies and over 500,000 buyers and viewers having signed up to attend, the second China International Import Expo will be larger and attract more attention.
The expo is composed of three parts – country exhibitions, business exhibitions, and the second Hongqiao International Economic Forum. Covering a total area of 30,000 square meters, the country exhibitions will host 64 countries, including China, and three international organizations, with uniquely designed pavilions to showcase the countries’ development and achievements, business environment and special industries.
India, Russia, France, Malaysia, Italy, Kazakhstan, Uzbekistan, Thailand, Greece, Jordan, Peru, Jamaica, Czech Republic, Cambodia and Zambia will participate as countries of honour. Although the area for business exhibitions has been expanded twice, there are still companies failing to get a place, the vice minister said.
ECONOMIC FORUM: The second Hongqiao International Economic Forum, under the theme of opening-up and innovation for win-win cooperation, will include five parallel sessions and is expected to attract over 4,000 delegates. Around 60 experts from all over the world will deliver speeches and exchange opinions with other attendants.
WTO Director-General Roberto Azevêdo, Asian Infrastructure Investment Bank President Jin Liqun and Nobel Laureate Sir Christopher Pissarides have confirmed their attendance at the forum. At a time of increasing trade uncertainties, this economic forum will improve understanding and offer solutions for the challenges facing a slowing global economy.
Supported by the World Trade Organization, China’s Ministry of Commerce and the Shanghai Municipal People’s Government are organizers of the expo. Over 170 Italian companies are also scheduled to take part in the expo, showcasing a variety of lifestyle and luxury products such as sports cars and fashion pieces.