General

Analyze new trends and opportunities in international economic cooperation, promote comprehensive cross-border investment in multiple fields, and promote international trade and economic cooperation. On June 17, the "New Trends Forum of International Commerce and Modern Trade Logistics Development", sponsored by the Ministry of Commerce, the General Administration of Customs and the People's Government of Hebei Province and organized by the Center for China and Globalization (CCG), was held in Langfang. Representatives from the political, business, and academic communities attending the meeting held heated discussions on the theme of "New Trends in International Business Cooperation in the New Era", aiming to deepen exchanges and cooperation between overseas business associations, multinational corporations, and other organizations, and promote the high-quality development of China's international trade.

Further promoting the development of globalization requires the joint efforts of governments, international organizations, social organizations, and enterprises from all countries. "Jin Xu, President of the China International Trade Association, specifically mentioned at a roundtable discussion forum with the theme of" Promoting Sustainable Development in Global Trade and Investment - Challenges and Opportunities "that in the field of sustainable trade agreements, continuous improvement of regional trade agreements should be encouraged. In terms of green development, it is necessary to promote the linkage between trade and investment and the Sustainable Development Goals of the United Nations, deal with the negative effects of anti globalization and seek the greatest common denominator of the interests of all countries. During this period, we need to continue to leverage the advantages of Chinese enterprises in sustainable development.

"At a time when green transformation is imperative, multilateral institutions can mobilize more resources to help middle-income countries and low-income countries achieve a fair and just transformation and improve the position of emerging markets." Ma Leili, vice president and chief financial officer of New Development Bank, said that multilateral institutions have a special mission in the process of green transformation in the world today. At the same time, he believed that, The achievement of China's "dual carbon" goals will set an example for other emerging markets. The realization of the Sustainable Development Goals requires more investment in technology, resources and other aspects. Martin Muller, Honorary Chairman of the Swiss Chamber of Commerce in China, hopes that governments around the world can develop comprehensive measures and the international community can build a global regulatory framework to promote the implementation of goals and address emerging issues.

Wang Huiyao, Chairman of CCG and Vice President of the China Society for International Economic Cooperation, suggested that, under the new situation, China should promote economic and trade development in the future from two aspects: exploring the stock and looking for the increment. Specifically, China could improve the business environment and fully explore the dividend development stock of the signed free trade agreements, focusing on promoting the entry of DEPA and CPTPP to look for the increment.

E-commerce helps Chile's red wine, Rwanda's coffee, Pakistan's rose salt, Egypt's cotton products and so on to enter millions of households in China, so that countries jointly building the "the Belt and Road" can share China's development dividends. Gao Yuanyuan, President of the China Society for International Economic Cooperation, believes that as one of the most dynamic areas of trade innovation, e-commerce has played an important role in promoting consumption and facilitating international trade. Faced with the impact of global uncertainty and instability on the development of cross-border e-commerce, China should continuously improve its policy support system for cross-border e-commerce, actively develop Silk Road e-commerce, and establish e-commerce cooperation mechanisms with more countries and regions.

The new trends in international trade development have also put forward new requirements for the shipping industry and related insurance services. Former Vice Chairman of the China Insurance Regulatory Commission, Zhou Yanli, pointed out that the epidemic and turbulent international trade situation require more agile feedback, more comprehensive solutions, and logistics suppliers to transform their service models and develop new products, promoting the shipping industry to provide high-quality one-stop supply services and the insurance industry to expand new service areas. With the continuous promotion of China's shipping insurance system and product innovation, Zhou Yanli suggests that enterprises take the path of quality and efficiency oriented specialization, continue to promote the supply side structural reform of shipping insurance, and assist in the high-quality development of international trade. (Translated from: International Business Daily - Author: Tang Li)