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Vietnam Today

14th China - ASEAN Expo on horizon

Released at: 16:56, 30/08/2017

14th China - ASEAN Expo on horizon

Illustrative image (Source: nghiaphat.vn)

September 12-15 expo to focus on mutually-beneficial cooperation between China and ASEAN, introducing prestigious products from both.

by My Van

The 14th China - ASEAN Expo (CAEXPO) will be held in Nanning, Guangxi province, China, from September 12 to 15.

A spokesman for China’s Deputy Minister of Commerce said that trade and economic cooperation between China and ASEAN via CAEXPO has made important strides forward.

“ASEAN-China bilateral trade was more than $452 billion in 2016,” he said. “ASEAN is currently China’s third-largest trading partner, fourth-largest export market, and second-largest importer.”

Direct Chinese investment into ASEAN, he went on, has reached $9.31 billion this year; $3 billion more than direct investment from ASEAN into China.

As at the end of May, bilateral investment between China and ASEAN stood at more than $183 billion in total.

Bilateral cooperation in infrastructure has substantial potential and has brought positive results to date. As at the end of May, signed agreements in infrastructure investment between China and ASEAN exceeded $296 billion.

China is also actively involved in the economies of ASEAN and East Asia.

A representative from the Guangxi Zhuang Autonomous Region said that CAEXPO has contributed to cooperation between China and ASEAN in recent years and has become a symbol of the region.

The 14th CAEXPO will continue to give priority to investment, cooperation, and economic exchanges between ASEAN and China. It will focus on mutually-beneficial cooperation between China and ASEAN, introducing prestigious products from both, and will also enhance the quality of its exhibitions.

The expo will also focus on innovating and promoting achievements gained and expanding and enriching cultural exchanges to create a more effective cooperative mechanism.

Kazakhstan will be a special partner of CAEXPO 14, according to the China - ASEAN Expo Secretariat.

The Kazakh delegation is expected to be led by Deputy Minister of Agriculture, Ms. Gulmira Isayeva, who will deliver an address at the opening ceremony. Kazakhstan will also host national trade promotion conferences, open national pavilions, and conduct other trade links to showcase its advantages in agriculture, trade, and investment, as well as promote the country’s image for international cooperation.

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