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2019 “Building the ‘Belt and Road’ in Central and Eastern Europe” Economic and Trade Exchange Conference Successfully Held

2019-9-23 17:11:32

On the afternoon of September 11, “Building the ‘Belt and Road’ in Central and Eastern Europe” Economic and Trade Exchange Conference, the third event in the “Chinese Enterprises Globalization” series, jointly held by CCPIT Beijing and CCPIT Tianjin, CCOIC Tianjin, CCPIT Hebei, CCOIC Hebei, Beijing Association for Trade in Services, and Beijing International Economic and Technical Cooperation Association, was successfully held. The conference was aimed to boost enterprises in Beijing, Tianjin, and Hebei seize the opportunity brought about by “Belt and Road”, comprehensively understand the economic and trade environment of Central and Eastern Europe, and effectively explore new space for economic and trade cooperation between China and CEE countries. The event was attended by Sabit Subasic, Minister of the Embassy of Bosnia and Herzegovina in China, and WU Fang, Deputy Director of the “Belt and Road” Economic and Trade Cooperation Research Institute of the International Trade and Economic Cooperation Institute, Ministry of Commerce of PRC. LI Hengqing, Director of the Foreign Economic Cooperation Department, Beijing Municipal Bureau of Commerce served as the moderator. Over 120 representatives of the sponsors, organizers and export-oriented enterprises were present.

At the meeting, Sabit Subasic explained the comparative advantages of Bosnia and Herzegovina culture, history, natural environment and economic development, key areas and projects of its economic and trade cooperation with China, and favorable policies for attracting foreign investment. He also expressed his welcome for Chinese companies to invest in industries including infrastructure, agriculture, automobiles, construction, energy, timber, and tourism. WU Fang provided information on the economic and trade cooperation between China and Central and Eastern European countries, the trade and investment environment of CEE countries, and analyzed their legal systems for trade and investment. It was recommended that Chinese enterprises must take into consideration the diversified conditions and inequality of development, and the advantages, limitations, and potentials of the countries in which they invest in the Central and Eastern European. It was emphasized that the major advantages of CEE countries lie in their close ties with the European Union, business facilitation for continued investment, a great amount of high-skilled labor with low cost. Enterprises should consider the current situation there and the advantages of China’s own production strengths, focusing on investment in fields like infrastructure, manufacturing, and tourism. Finally, a detailed analysis of the trade and investment environment of Hungary, Poland and the Czech Republic was also provided.

The targeted and appealing keynote speeches proved to be of great practical value for future trade and investment cooperation with CEE countries, will surely become a driving force for the smooth, steady and efficient access of enterprises into Central and Eastern Europe.

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