China-CEEC Investment & Trade Expo To Boost Bilateral Trade

KUALA LUMPUR, June 7 (Bernama) – The upcoming Third China-CEEC Investment and Trade Expo (China-CEEC Expo) is expected to boost bilateral trade between China and the Central and Eastern European (CEE) countries. Jointly organised by China's Ministry of Commerce and the Zhejiang provincial government, the five-day event begins on June 8 in Ningbo, Zhejiang province and be held simultaneously with the 19th China Zhejiang Investment & Trade Symposium as well as 16th China International Consumer Goods Fair. In a statement Wednesday, the organisers said the event would feature various activities, including conferences, forums, exhibitions and cultural exchanges. To date, more than 240 foreign enterprises from Estonia, Latvia, Poland, the Czech Republic and other countries have applied to participate in the event. “The Expo has great significance for its leading role in boosting bilateral trade between China and CEE countries, which are important components of the Belt and Road,” it said. Ningbo, a coastal city in East China, is regarded as the first choice for CEE countries to transport goods to China due to its superior port resources and open economy. The economic and trade cooperation between Ningbo and CEE countries is a solid foundation for the Expo. In 2016, Ningbo's exports to and imports from these countries stood at US$2.37 billion (US$1=RM4.27), with 120 bilateral investment projects towards the end of last year. -- BERNAMA