Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    BRICS to play key role in safeguarding free trade

    By Ren Xiaojin | China Daily | Updated: 2017-07-26 07:41
    Share
    Share - WeChat

    China will further open up its market for imports from other BRICS countries and pledge to spearhead an anti-protectionism campaign with Brazil, Russia, India and South Africa, a senior commerce official said on Tuesday.

    "Investment and trade are the vital economic drive for BRICS countries as it has profound potential," Wang Shouwen, vice-minister of commerce, said at a news conference.

    "BRICS took up 23 percent of global GDP in 2016, up from 12 percent a decade ago, but only accounted for 16 percent of world trade, 16 percent of total foreign investment and 12 percent of outbound investment."

    Wang said that China will further open its market to other BRICS countries and increase imports, as they are highly complementary in trade.

    "For example, agricultural products from Brazil, medical products from India, energy products from Russia and wine from South Africa are welcomed in China," Wang said. "In the past six months China's imports from BRICS countries increased 33 percent year-on-year."

    The ministry will host a two-day meeting of BRICS trade ministers in Shanghai on Aug 1-2 before the BRICS Leaders' Meeting to be held in Xiamen, Fujian province, in September.

    Wang said while protectionists have a skeptical attitude toward multilateral trade, China hopes the BRICS nations could tackle the skeptics as a united team and build a sufficient trade mechanism. To strengthen trade links, Wang said China will host an international imports exhibition from 2018.

    "The exhibition will help with trade and stimulate investment," he added. "We are expecting BRICS countries to play an active role in the exhibition, thus ensuring that more goods can enter the Chinese market."

    Zhang Shaogang, director-general of the Department of International Trade and Economic Affairs at the Ministry of Commerce, said Chinese e-commerce platforms have been gaining popularity among companies in other BRICS countries.

    "We hope to optimize the e-commerce mechanism, encourage industry interaction and set a good example in e-commerce cooperation between developing countries."

    Regarding investment, Wang said BRICS countries have been making progress to facilitate multilateral investment.

    "The BRICS proposed action plans to facilitate investment in 2014, and the G20 summit agreed on the guiding principles for global investment," said Wang. "And this year's meeting will make further investment more convenient."

    The Chinese market will benefit its BRICS partners in many sectors, such as consumer goods from South Africa and Russia.

    Neil Wang, China unit president at the global consultancy Frost& Sullivan, said that China is opening up to different sectors, for example the diamond business.

    "China was the major diamond import destination and consumer for South Africa and Russia in 2016, and demand for diamonds has been growing since 2012," he said.

    "These two countries are also China's important partners in the Belt and Road Initiative. The trade relationship with them will largely affect China's diamond and jewelry market."

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    天堂网www中文天堂在线| 中文字幕无码无码专区| 亚洲av无码一区二区三区不卡| 国产精品va无码一区二区| 中文字幕手机在线观看| 日韩av无码中文字幕| 国产精品无码永久免费888| 亚洲AV无码一区二区三区性色| 亚洲欧美日韩另类中文字幕组| 中文无码vs无码人妻| 国产日韩精品中文字无码| 中文无码成人免费视频在线观看| 久久久久久综合一区中文字幕| 亚洲Aⅴ无码一区二区二三区软件| 无码国产福利av私拍| 亚洲精品无码专区久久久 | AA区一区二区三无码精片| 一本色道无码道在线观看| 免费无码av片在线观看| 制服在线无码专区| 中文亚洲日韩欧美| 在线观看中文字幕码| 最近中文字幕大全中文字幕免费| 亚洲精品中文字幕乱码三区| 亚洲人成人无码网www国产| 无码专区一va亚洲v专区在线 | 红桃AV一区二区三区在线无码AV| 国产一区三区二区中文在线| 日本中文字幕在线2020| 18禁网站免费无遮挡无码中文| 无码人妻精品中文字幕免费 | 亚洲人成无码网WWW| av无码专区| 国产成人AV无码精品| 久久人妻少妇嫩草AV无码蜜桃| av无码久久久久不卡免费网站| 丰满熟妇人妻Av无码区| 免费一区二区无码视频在线播放| 天堂√中文最新版在线| 日韩中文字幕免费视频| 日本一区二区三区中文字幕|