Q3: Xi Jinping emphasized the Belt and Road Initiative when he summarized work and reforms in the past five years. As the trade and investment promotion institution, how is the CCPIT involved with promotion of the Belt and Road Initiative?
A3: In recent years, the CCPIT has been focusing on the advancement of the Belt and Road Initiative in its work and taking advantage of wide channels, comprehensive services and close contact with enterprises to organize Chinese business industries to participate in construction along the Belt and Road regions. Great achievements have been made. The CCPIT has been focusing on key regions including Middle and East Europe, Southeast Asia, Central Asia, West Asia and North Africa, and organizing about 60 high-level trade and economic events. We also organized 30 enterprise groups for overseas visits and about 2,000 exhibitions in countries along those Belt and Road regions. Now more than 70,000 Chinese enterprises have registered as members and the CCPIT will guide these enterprises to invest in countries along the Belt and Road Initiative. The CCPIT has established more than 50 bilateral business industry working mechanisms and 8 multilateral cooperation mechanisms with countries along the Belt and Road regions. The Silk Road Business Council, which was launched by the CCPIT, has seen the participation of 16 trade promotion institutions of 16 countries.
The CCPIT has also enhanced its business law services and settled hundreds of arbitration and mediation cases. It supported enterprises to apply for more than 3,000 brand and trademarks, and issued more than 7 million certificates of origin to the Belt and Road. These efforts have helped enterprises improve trade efficiency, expand the market, secure corporate rights and reduce transaction costs. Meanwhile, the CCPIT has been signing cooperation agreements with financial institutions, to provide capital support to medium-sized and small trade companies.
For the next steps, we will further implement the important spirits of Xi Jinping’s speeches, stick to the principle of achieving shared growth through discussion and collaboration and focus on “five communications”. We will keep great momentum and take persistent efforts to advance trade and investment promotion, and improve legal services, to make more contributions to the Belt and Road Initiative.
Q4: The report of 19th CPC National Congress mentions the creation of a new open-up pattern, the facilitation of free trade and investment and nourishment of strength of international economic cooperation and competition. What will the CCPIT do in this process?
A4: The CCPIT will further implement the arrangements of the CPC and the State Council, improve the working mechanisms, strengthen the service system, improve working network, build more cooperation platforms, promote the creation of business-friendly environment and build a new platform for foreign capital attraction and reform.
To be more specific, the CCPIT will implement national free trade zone strategy. By the end of this year, it will establish service centers at 11 free trade zones in China, to provide services of trade and investment, law, custom clearance and financing and guarantee. Meanwhile, it will further improve the data collection, processing, analysis, treatment and release platform involving international commodity market, price, exchange rate, interest rate and tax rate. Also, we will further cooperation with trade and investment promotion institutions of other countries in investment information exchange, the release of investment environment assessment, and information communications about legal policies. The aim is to provide a better market environment for the healthy growth of enterprises and contribute to the equality, cooperation, mutual benefits of world economic governance. What’s more, the CCPIT will also enhance cooperation with local governments and industry groups, to collect and release investment project and capital invitation policies. We will also promote the construction of industry parks and free trade zones, to advance innovation and guide more foreign capital into high-end manufacturing, high technology, environment protection, energy saving and modern service industries, to promote Chinese economic structure adjustment and social development.
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