Archive for ‘Ministry of Commerce (MOC).’

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04/11/2019

China, New Zealand conclude FTA upgrade talks: MOC

BEIJING, Nov. 4 (Xinhua) — China’s Ministry of Commerce (MOC) Monday announced the conclusion of negotiations on upgrading the existing Free Trade Agreement (FTA) between China and New Zealand.

In 2008, China signed an FTA with New Zealand, the first FTA between China and a developed country, according to the MOC.

The two countries launched talks on upgrading the FTA in November 2016, against the backdrop of profound changes in international trade rules and activities.

The upgrade is expected to reflect the rapid and dynamic development needs of bilateral economic and trade relations and further promote the process of regional economic integration, according to the MOC.

The negotiations have further upgraded the existing chapters on customs procedures and cooperation, rules of origin and technical barriers to trade.

New chapters have been added to e-commerce, environment and trade, competition policy and government procurement.

The two sides made new commitments in various aspects, such as market access for trade in services and goods and the movement of natural persons and investment.

Exporters from both China and New Zealand will benefit from the upgraded trade rules, which will make trade more convenient, according to the MOC.

The FTA has greatly promoted the development of bilateral trade. China has become New Zealand’s largest trade partner, largest export destination and a rapid growing service market.

New Zealand’s main exports to China include dairy products, timber, meat, aquatic products and fruits.

The completion of the FTA upgrade negotiations reflects the commitment of the two countries to adhere to free and open trade and support a rule-based multilateral trading system, according to the MOC.

It will inject new impetus into the economic and trade development of the two countries, providing strong support for trade negotiations between China and more developed countries and regions, according to the ministry.

Source: Xinhua

Posted in free trade agreement (FTA), Ministry of Commerce (MOC)., New Zealand, Uncategorized | Leave a Comment »

18/10/2019

China, Mauritius sign free trade agreement

BEIJING, Oct. 17 (Xinhua) — China and Mauritius signed a free trade agreement (FTA) here Thursday, the first FTA between China and an African country, according to the Ministry of Commerce (MOC).

The China-Mauritius FTA is the 17th FTA signed by China.

The agreement covers trade in goods and services and investment and economic cooperation.

The FTA will not only provide a more powerful institutional guarantee to deepen bilateral economic and trade relations, but also boost China-Africa economic and trade cooperation, according to the MOC.

Negotiations on the China-Mauritius FTA were officially launched in December 2017. The two sides formally concluded the negotiations on Sept. 2, 2018, after four rounds of intensive negotiations.

In the area of trade in goods, China and Mauritius will eventually achieve zero tariffs on 96.3 percent and 94.2 percent of product tariff items, respectively, involving 92.8 percent of import volume for both countries from each other.

For the remaining tariff items of Mauritius, the tariffs will also be greatly cut, and the maximum tariffs for most of the involved products will not exceed 15 percent.

China’s main exports to Mauritius, such as iron and steel products, textiles and other light industrial products, will benefit from it.

Special sugar produced in Mauritius will also enter the Chinese market gradually.

The two sides also agreed on rules of origin, trade remedies, technical barriers to trade and sanitary and phytosanitary issues.

In the area of trade in services, China and Mauritius both promised to open up more than 100 sub-sectors.

Mauritius will open up more than 130 sub-sectors in important service fields such as communications, education, finance, tourism, culture, transportation and traditional Chinese medicine to China.

This is the highest level of opening up in the field of services in Mauritius so far.

In the field of investment, the agreement has been greatly upgraded from the 1996 China-Mauritius bilateral investment protection agreement in terms of protection scope, protection level and dispute settlement mechanism.

This is the first time that China has upgraded the previous investment protection agreement with an African country, which will not only provide stronger protection for Chinese enterprises to go to Mauritius, but also help them further boost investment cooperation in Africa through the platform of Mauritius, according to the MOC.

Meanwhile, the two sides also agreed to further deepen economic and technical cooperation in agriculture, finance, medical care, tourism and other fields.

The two sides will undergo respective domestic procedures for the agreement to take effect.

Source: Xinhua

Posted in African country, agreement, agriculture, Beijing, China alert, China-Africa economic and trade cooperation, communications, Culture, Economic, education, Finance, free trade, free trade agreement (FTA), Mauritius, medical care, Ministry of Commerce (MOC)., sign, Tourism, Traditional Chinese medicine, transportation, Uncategorized | Leave a Comment »

05/09/2019

Fourth China-Arab states expo opens in NW China

CHINA-NINGXIA-CHINA-ARAB STATES EXPO-OPENING (CN)

The fourth China-Arab States Expo is opened in Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region, Sept. 5, 2019. (Xinhua/Feng Kaihua)

YINCHUAN, Sept. 5 (Xinhua) — The fourth China-Arab States Expo opened Thursday in Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region.

The four-day event will feature trade fairs and forums on infrastructure, Internet plus healthcare, high technology, modern agriculture, logistics, tourism, digital economy and industrial cooperation.

Sponsored by the Ministry of Commerce, China Council for the Promotion of International Trade and Ningxia regional government, this year’s event attracts around 12,600 participants from 2,900 regional organizations, commerce chambers, associations and enterprises in 89 countries, according to the organizer of the expo.

Source: Xinhua

Posted in Associations, China Council for the Promotion of International Trade, China-Arab States Expo, China’s Ministry of Commerce, Chinese Ministry of Commerce, commerce chambers, countries, digital economy, enterprises, forums, healthcare, high technology, industrial cooperation, Infrastructure, Internet, logistics, Ministry of Commerce, Ministry of Commerce (MOC)., modern agriculture, Ningxia Hui Autonomous Region, Ningxia regional government, organizer, participants, regional organizations, Tourism, trade fairs, Uncategorized, Yinchuan | Leave a Comment »

30/08/2019

China, U.S. negotiation teams maintain effective communication: MOC

CHINA-BEIJING-MINISTRY OF COMMERCE-PRESS CONFERENCE (CN)

Gao Feng, spokesperson for China’s Ministry of Commerce (MOC), gestures at a press conference in Beijing, capital of China, Aug. 29, 2019. (Xinhua/Pan Xu)

BEIJING, Aug. 29 (Xinhua) — The economic and trade negotiation teams of China and the United States have maintained effective communication and are discussing to have a meeting in the United States in September, the Ministry of Commerce (MOC) said Thursday.

“It is of great importance right now to create the necessary conditions for the two sides to continue consultations,” MOC spokesperson Gao Feng said at a press conference.

If the Chinese team visits the United States for consultations next month, both sides should make joint efforts and create conditions to push for progress in their negotiations, Gao said.

He said China is lodging solemn representations with the United States over the latter’s decision to raise the additional tariffs on 550 billion U.S. dollars worth of Chinese imports.

“We hope the United States can meet China halfway and properly solve the economic and trade disputes between the two countries on the basis of equality and mutual respect,” Gao said.

Source: Xinhua

Posted in China alert, Ministry of Commerce (MOC)., Uncategorized, United States | Leave a Comment »

13/07/2019

China signs Belt and Road cooperation documents with 18 Arabian countries

BEIJING, July 12 (Xinhua) — China has signed cooperation documents on jointly building the Belt and Road with 18 Arabian countries, the Ministry of Commerce (MOC) said Friday.

China-Arab joint efforts to push forward cooperation on the Belt and Road has reached notable achievements, showing great potential and broad prospect, Vice Minister of Commerce Qian Keming told a press conference of the fourth China-Arab States Expo.

In 2018, bilateral trade volume between China and Arabian countries reached 244.3 billion U.S. dollars, jumping 28 percent year on year.

Chinese enterprises signed 35.6 billion dollars of new project contracts in Arabian countries, with a yearly increase of 9 percent, while direct investment from Chinese companies in Arabian countries totaled 1.2 billion dollars, involving sectors such as energy, infrastructure and manufacturing.

Qian said China will further strengthen connections of development strategies with Arabian countries so as to jointly build the Belt and Road.

Chinese enterprises and financial institutions are encouraged to deepen cooperation with the Arabian side in sectors of port, railway, electricity and telecommunications, said Qian.

More efforts should be made to promote cooperation between the two sides in fields of low-carbon energy, finance and high technologies, he added.

The fourth China-Arab States Expo will be held in Yinchuan city, northwest China’s Ningxia Hui Autonomous Region, from Sept. 5 to 8.

The expo will focus on fields including cross-border e-commerce, infrastructure as well as trade and investment, aiming to promote mutually beneficial cooperation between China and Arabian countries in these areas.

Source: Xinhua

Posted in Arabian countries, Belt and Road Cooperation, China signs, China-Arab States Expo, Ministry of Commerce (MOC)., Uncategorized, Vice Minister of Commerce Qian Keming | Leave a Comment »

11/06/2019

China Focus: Central, Eastern European businessmen pursuing opportunities at Chinese expo

NINGBO, June 10 (Xinhua) — The China-Central and Eastern European Countries (CEEC) Expo has become an arena where businessmen from CEE countries can show the competitiveness of their products in the Chinese market.

The expo, which opened in the eastern city of Ningbo on June 8, has attracted more than 700 government officials and businessmen from the CEE countries, as well as over 6,700 buyers from more than 40 Fortune 500 firms and other leading international enterprises in 22 countries and regions.

Businessmen from 17 CEE countries have been promoting dairy products, wine, logistics and other products and services at the expo, which is scheduled to close on June 12.

Jan Chaloupka, head of the export business development of Rajo, is confident about the competitiveness of his products in the Chinese market.

“We export more than 57,000 tonnes of our products every year to over 70 countries around the world,” he said. “All of our products are healthy and of high quality, which are based on the advanced technologies and knowledge that Rajo owns to meet the needs of customers.”

“I believe that our products can be one of the best in the Chinese market,” he added.

“The Chinese market is the most important one for companies in Greece,” said Nikoletta Kaperoni, managing director of Athens-based Kaperoni Business Financial Group (BFG).

“I am sure that Chinese customers will like our products such as olive oil because they are all made from natural raw material without any additives,” she added.

Klemen Boncina, deputy director of Posta Slovenije, a logistics provider from Slovenia, believes his company is a bridge between China and Europe.

“Our company has a wide-spread network of logistics in Slovenia and even in Europe, which I believe can deliver products from China over the last mile to the customers,” he said.

Under the theme of deepening opening-up and cooperation for mutual benefit, the expo includes more than over 20 events such as the European commodity exhibition.

According to China’s Ministry of Commerce, the total trade volume between China and Central and Eastern European countries reached 28.55 billion U.S. dollars in the first four months this year, up 7.9 percent year on year.

Source: Xinhua

Posted in Athens, businessmen, CEE countries, Central European, China-Central and Eastern European Countries (CEEC) Expo, Chinese expo, Chinese market, Eastern European, Greece, Kaperoni Business Financial Group (BFG), Ministry of Commerce (MOC)., Ningbo, opportunities, pursuing, Slovenia, Uncategorized | Leave a Comment »

05/06/2019

National WeChat mini-program launched to promote e-government services

BEIJING, June 5 (Xinhua) — A national WeChat mini-program was launched Wednesday to enable users to enjoy over 200 e-government services via the cross-region and cross-department digital platform.

The mini-program, a small application embedded within China’s popular social media platform WeChat, connects users with services offered by six government agencies including the National Development and Reform Commission and the Ministry of Commerce, according to a statement from WeChat’s developer Tencent.

Individual users can search information about their education and traffic violation record, among others, while enterprises can apply for certain licenses and certificates online via the mini-program.

The mini-program is also connected with local government online service platforms in several provinces including Guangdong and Zhejiang, while more local e-government services will be connected in the future, the statement said.

E-government services via apps and mini-programs are increasingly popular in China amid national and local efforts to cut administrative red tape to benefit residents and businesses alike.

A total of 30 provincial-level regions have established integrated e-government platforms that incorporate the services of provincial, city and county governments, according to a report released in May.

In 2018, the number of real-name users on provincial e-government platforms reached 145 million, an increase of 38 million over the previous year, the report showed.

Source: Xinhua

Posted in e-government platforms, e-government services, Guangdong, launched, mini-program, Ministry of Commerce (MOC)., National, National Development and Reform Commission (NDRC), promote, TENCENT, Uncategorized, WeChat, Zhejiang | Leave a Comment »

25/05/2019

Service trade between China, B&R countries surpasses 120 bln dollars

BEIJING, May 25 (Xinhua) — China’s service trade with countries and regions along the Belt and Road (B&R) reached over 120 billion U.S. dollars last year, according to the Ministry of Commerce (MOC).

In 2018, the import-export volume of the service trade between China and Belt and Road countries and regions amounted to 121.7 billion U.S. dollars, accounting for 15.4 percent of China’s service trade, said Wang Bingnan, vice minister of the MOC.

China has been the world’s second-largest country in service trade for five consecutive years, with the total volume reaching 5.24 trillion yuan (759 billion U.S. dollars) in 2018, up 11.5 percent year on year, MOC data showed.

The share of service trade in China’s total foreign trade went up from 11.1 percent in 2012 to 14.7 percent in 2018, according to the MOC.

China has established bilateral cooperation mechanisms on service trade with 14 countries, endowing the country with a more diversified service trade market, said Wang.

The 2019 China International Fair for Trade in Services will open on May 28 in Beijing and last for five days, attracting 130 countries and regions and 21 international organizations.

Among the delegations, 98 come from the Belt and Road Initiative partner countries. A series of themed activities will be held during the fair, including forums on service trade cooperation.

Source: Xinhua

Posted in Beijing, China alert, China International Fair for Trade in Services, Ministry of Commerce (MOC)., service trade, Uncategorized, vice minister of the MOC, Wang Bingnan | Leave a Comment »

06/04/2019

China, CEEC see steady trade growth

BEIJING, April 6 (Xinhua) — China and Central and Eastern European Countries (CEEC) saw steady trade growth last year as cooperation between the two sides strengthened.

Bilateral trade reached 82.23 billion U.S. dollars last year, up 21 percent year on year, according to the Ministry of Commerce (MOC).

China’s exports to the CEEC totaled 59.19 billion dollars last year, while imports reached 23.04 billion dollars, up 19.6 percent and 24.6 percent respectively, said MOC spokesperson Gao Feng.

Investment between the two sides also expanded. Chinese firms have invested over 10 billion dollars in the CEEC, while receiving more than 1.5 billion dollars from them. Bilateral investment covers sectors including auto parts, chemicals, finance and medicine.

China is willing to deepen economic and trade cooperation with the CEEC and further align the Belt and Road Initiative with CEEC national development strategies to seek win-win partnership, Gao said.

Source: Xinhua

Posted in Belt and Road Initiative (BRI), Central and Eastern European countries (CEEC), China alert, Ministry of Commerce (MOC)., trade growth, Uncategorized | Leave a Comment »

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