During a meeting at the UN headquarters in New York, China's ambassador to the UN, Fu Cong, emphasized China's unwavering advocacy, support, and practice of South-South cooperation, highlighting the country's commitment to fostering trade, investment, and capacity-building among developing nations. The Chinese International Import Expo (CIIE) and the Hongqiao International Economic Forum serve as platforms for promoting international trade, with CIIE being noted as the largest annual trade fair in China where global companies display their products to potential buyers.
Fu mentioned that the CIIE plays a significant role in facilitating trade from least developed countries into China, subsequently reaching global markets, driving investment, industrial development, and ultimately contributing to employment creation and improving livelihoods. The Hongqiao forum, focusing on topics like technological innovation and food security, aligns with the development agenda of the UN, promoting solutions to challenges affecting sustainable development. Additionally, Dima Al-Khatib from the UN Office for South-South Cooperation reiterated the importance of South-South trade in enhancing economic resilience and competitiveness among developing economies. She highlighted the rise of trade between developing countries as a key driver of global trade growth in recent years.
Furthermore, China's commitment to multilateralism is demonstrated through initiatives like the Global Development Initiative (GDI), which aligns with UN Development Agenda objectives. The CIIE provides a platform for small- and medium-sized enterprises from developing countries to showcase their products, playing a vital role in stimulating local economic development. International enterprises, such as PepsiCo, have actively participated in the CIIE, recognizing its value in facilitating international trade and cooperation while contributing to global economic recovery and growth. The enthusiasm of Chinese consumers and the innovative environment in China have prompted companies like Estee Lauder to participate in and benefit from initiatives like the CIIE, marking it as a crucial avenue for international collaboration.
5 Comments
KittyKat
The CIIE may not truly benefit small- and medium-sized enterprises from developing countries, as they could struggle to compete with larger Chinese companies.
Katchuka
The CIIE provides a valuable platform for global companies to showcase their products and potentially expand their markets beyond China.
Loubianka
It's important to question China's true intentions behind hosting events like the CIIE and the Hongqiao forum.
KittyKat
It's positive to see the CIIE providing opportunities for small- and medium-sized enterprises from developing countries to participate in international trade.
Eugene Alta
The UN Office for South-South Cooperation's support of China's initiatives is questionable and could be influenced by political motivations.