China to expand scope of foreign investment: Ambassador to Türkiye

China to expand scope of foreign investment: Ambassador to Türkiye

China goals to broaden the scope of overseas funding and enhance overseas funding incentive companies, in accordance with Liu Shaobin, Chinese ambassador to Türkiye.

He expressed China’s eager curiosity in growing commerce relations with Türkiye.

Shaobin made these remarks throughout the sixth China International Import Expo (CIIE) promotion assembly held in Istanbul. The honest is scheduled in Shanghai from Nov. 5 to 10.

The assembly centered on presenting the advantages for corporations desiring to take part in business relations with China, highlighting the steps taken by the Chinese authorities lately to assist commerce liberalization, financial globalization and the lively opening of its market to the world.

The Istanbul occasion was attended by Shaobin, together with Ning Feng, president of the National Convention and Exhibition Center Shangai; the president of Bank of China Türkiye, Gao Xiaoming; the chairperson of the Foreign Economic Relations Board (DEİK) Türkiye-China Business Council, Korhan Kurdoğlu and Jak Eskinazi, the chairperson on the Aegean Exporters’ Association (EİB).

In his opening remarks, Ambassador Shaobin emphasised that “mixing economic and commercial issues with politics will only distort the global economy and increase the cost of global trade. We are completely against this.”

Shaobin additionally drew consideration to the worldwide growth initiative, international safety initiative and international civilization initiative put forth by Chinese President Xi Jinping. He acknowledged that these initiatives clearly present “China will bring development instead of turmoil to the world.”

He additionally highlighted the potential of bilateral commerce between Türkiye and China, stating that the commerce had stabilized lately.

Currently, China is Türkiye’s third-largest buying and selling companion on the earth and the biggest in Asia. Shaobin acknowledged the good potential of this bilateral commerce however identified an imbalance within the commerce construction. In 2021, Türkiye’s exports to China reached $3.7 billion, whereas Türkiye obtained $32.2 billion price of Chinese items.

Shaobin defined that business relationships between the 2 international locations may very well be additional developed and expressed China’s expectation of seeing extra high-quality Turkish items in its market.

He talked about eager to broaden cooperation, stating: “We, as China, want to see dairy products, poultry products and seafood from Türkiye on Chinese tables. We can further expand the field of cooperation between the two parties.”

Kurdoğlu, in the meantime, talking on behalf of Turkish corporations from the personal sector, acknowledged the CIIE as a platform to showcase their services in China, the world’s largest client market. He urged corporations to guage the alternatives and take part within the Shanghai expo.

Eskinazi, emphasizing the significance that the exporters union attaches to the honest, described it as prestigious. “We, as the EIB, are participating in this fair on behalf of Türkiye. I think this is our fifth national participation. Since we have an exporter union, we are working hard on how we can sell products to the market, how we can promote it, how we can stay there,” he stated.

Eskinazi emphasised that the expo gives alternatives for expertise and product visibility from many international locations. He expressed excessive expectations from the honest and talked about the initiatives being taken by taking part corporations.

Regarding the commerce deficit between the 2 international locations, Eskinazi mentioned the necessity for official framework agreements between Beijing and Ankara. He emphasised the significance of recognizing evaluation paperwork and meals merchandise for Turkish meals merchandise to enter the Chinese market. He referred to as for motion from each international locations’ Ministries of Agriculture and Food to expedite the progress.

Eskinazi highlighted the curiosity of corporations from numerous sectors within the CIIE and talked about the numerous developments in sectors resembling renewable power, wind and photo voltaic power, in addition to software program corporations. He advised that these sectors can serve for instance of Türkiye’s potential and be showcased in China.

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