2020-10-07 17:48

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China to hold import expo on schedule, further opening-up!



In Shanghai, preparations for the third China International Import Expo (CIIE) are in full swing, as the world's first import-themed national-level expo is only one month away.



It has been a bumpy year for many global companies as the COVID-19 pandemic hit the world economy. Yet, foreign firms' passion for the upcoming CIIE was not hindered by the pandemic, and the event's business exhibition area will expand to 360,000 square meters from last year's 300,000 square meters to cope with foreign exhibitors' demand, according to Sun Chenghai, vice director of the CIIE Bureau.



"The enlarged exhibition demand shows foreign exhibitors' recognition of the strong attraction of the CIIE and the Chinese market," Sun said.


IMPORTS ARRIVING AMID EPIDEMIC PREVENTION

As the organizer plans to host the expo on Nov. 5 as scheduled despite the COVID-19 pandemic, a batch of Estee Lauder products from the United States completed customs clearance in Shanghai on Sept. 28, becoming the first exhibits of the import expo to pass through customs.


On the same day, a comprehensive drill took place at the National Exhibition and Convention Center (Shanghai), the venue of the expo.


Shang Yuying, deputy secretary-general of the Shanghai municipal government, said measures used in the last two editions as well as COVID-19 epidemic prevention and control measures will be combined to better the experience of exhibitors and visitors at the third CIIE.


"I think that the CIIE will be one of the very few, if not the only exhibition in the world not canceled, and that will take place offline, and I think it sends many very strong signals," L'Oreal CEO Jean-Paul Agon said, adding that it shows the COVID-19 epidemic is under control and things are going back to normal in China, which is crucial because other countries continue struggling with their domestic epidemic.


It also shows China is reaffirming its opening-up policy, which is especially important nowadays, Agon added.


"I'm sure the management of the CIIE will be done with the utmost care. That's important not only for China, but for the rest of the world, that the pandemic can be managed effectively," said Allan Gabor, president of Merck China.


The CIIE Bureau has opened the registration for exhibitors seeking to participate in the fourth CIIE in 2021. Dozens of foreign companies including Hyundai Motor Group, Shiseido, Theland and Michelin have signed with the CIIE Bureau to attend the expo in the next three years.


"We're very grateful for the opportunities brought by the CIIE," Sheng Wenhao, CEO of Theland Asia Pacific Region.


Building on its effective containment of the COVID-19 epidemic, China has rigorously rolled out a string of measures to stabilize foreign trade and investment.


The MOC has pledged to significantly increase items on the industry catalog to encourage foreign investment and help foreign-funded firms benefit from preferential policies. Shanghai's detailed measures to encourage foreign investment will take effect on Nov. 1 to better attract FDI.




Source: xinhua

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