China-ASEAN expo begins

china-asean
Nanning City, Guangxi province, China: Products and services from across the region went on display here as the 10th China-Asean Expo (CAEXPO) and China-Asean Business and Investment Summit officially opened yesterday.

The four-day expo aims to promote improvements to the China-Asean free trade area while sharing opportunities for cooperation and development in the region.

This year’s event also marks the 10th anniversary of the China-Asean Strategic Partnership and bears the theme ‘Regional Cooperation and Development: New Opportunities, New Driving Forces, and New Stages’.

Lao Prime Minister Thongsing Thammavong and Chinese Prime Minister Mr Li Keqiang attended the official inauguration along with invited leaders from some Asean countries.

Mr Li said China would work with Asean countries to beef up solidarity and coordination, and to seek common development along the right track.

“The annual expo is an essential platform for trade cooperation between China-Asean countries. Asean is the third largest trading partner of China,” he said.

Mr Li called on all parties to upgrade the China-Asean free trade area in terms of establishing an investment and financing platform and conducting maritime cooperation, and to push for greater development of China-Asean ties over the next decade.

Mr Thongsing said over the past decade, cooperation between China and Asean countries had produced satisfying trade outcomes.

“Cooperating in trade, infrastructure and human resource development is recommendable for foreign investors as the Lao government is welcoming investment from China and Asean countries,” he said.

Held at the Nanning International Convention and Exhibition Centre, this year’s expo features more than 5,500 international booths displaying products and services.

Laos was allocated 86 booths to exhibit goods from more than 50 companies.

Lao goods on display include furniture, coffee, jewellery, drinks and other products.

The country’s pavilion represents the ‘charming city of Vientiane’, based on the themes of security, cleanliness, greenness, light, charm and civilisation.

A series of commemorative and celebratory functions are being held during the expo to expand business opportunities, promote friendly cooperation, review past achievements and look into future possibilities.

The various economic and trade activities aim to expand regions of cooperation, broaden cooperative fields and to upgrade CAEXPO’s function of fueling development and increasing economic returns.

Business networking sessions are planned to provide a platform to boost promotion and cooperation between China and Asean countries.

The annual expo is sponsored by China’s Ministry of Commerce, its counterparts in the 10 Asean member countries and the CAEXPO Secretariat.

China-Asean trade topped US$210 billion in the first half of this year, growing 12.2 percent year on year, according to China’s Ministry of Commerce.

In the first six months of the year, Chinese direct investment in Asean countries reached nearly US$30 billion and direct investment from Asean in China exceeded US$80 billion.

 

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Vientiane Times, KPL
03 September, 2013