Matchmaking, negotiations, and contract signings are in full swing, with various supporting activities comprehensively unfolding at the ongoing 9th China International Import Expo (CIIE).
During this year's CIIE, the All-China Federation of Supply and Marketing Cooperatives delegation signed procurement and cooperation agreements for agricultural materials and products with 17 enterprises from the United States, France, Australia, and other countries.
"Leveraging the platform of the CIIE, we are continuously expanding access to high-quality overseas resources and promoting the diversification of import channels. This not only ensures the domestic supply of agricultural materials but also enriches the supply of agricultural products and food," said Liu Yong, deputy general manager of China Co-op Group.
Over the past few days, the central state-owned enterprises (SOEs) delegation has seen concentrated contract signings, continuously strengthening the procurement of energy and resources. The PetroChina sub-delegation signed 38 procurement agreements with 35 partners. The sourced commodities cover 16 countries and regions, involving oil and gas resources, high-end equipment, and green and low-carbon sectors, with the total signed amount exceeding 18.8 billion U.S. dollars. Sinopec signed agreements with 37 partners from 18 countries and regions, covering 29 types of products across 14 major categories, and totaling 41.3 billion U.S. dollars. Sinochem signed procurement cooperation agreements with over 30 partners from nearly 20 countries and regions, including Saudi Arabia and Oman, with the procurement amount exceeding 12.8 billion U.S. dollars. Subsidiaries of NORINCO Group signed 18 import procurement contracts with partners from 11 countries and regions, bringing the total import procurement amount to 40.1 billion yuan.
At the CIIE, central SOEs have extensively engaged in matchmaking and negotiations. Import channels for high-quality agricultural products such as food and dairy have been continuously broadened to better meet the people's diverse and high-quality living needs.
COFCO Corporation organized its delegation to sign concentrated agreements with global partners, with the overall signed amount exceeding 10 billion U.S. dollars.
"All these efforts are aimed at facilitating better access for high-quality global products to the Chinese market. China's vast market is becoming a great opportunity for the world," said Chen Gang, deputy general manager of COFCO Corporation.
A total of 21 transaction sub-delegations from Beijing will carry out activities such as procurement negotiations, investment promotions, and corporate exchanges during the CIIE. They are leveraging the open platform of the expo to link global resources and expand cooperation space.
"We can leverage this international stage of the CIIE to bring more products and services to the vast number of consumers," said Li Gen, chief jewelry designer of Caibai Shares.
Meanwhile, the Shanghai Hongkou transaction sub-delegation focused on concentrated signings in the medical and agricultural product sectors, with supply and demand matching activities involving an intended procurement amount of 190 million U.S. dollars. China Pacific Insurance Group (CPIC), together with Shanghai municipal state-owned financial enterprises, also launched a joint action initiative to serve the construction of Shanghai's "Five Centers" -- the city's long-term economic and urban development blueprint to establish itself as a global hub in five key pillars.
"Through such a platform, we can better communicate with our clients and international peers, learn from advanced experiences, and further elevate our service capabilities," said Su Shaojun, board secretary of the CPIC.
Launched in 2018, the CIIE is the world's first national-level expo dedicated to import, and has become an important gateway for foreign businesses seeking access to China's vast consumer and industrial markets. This year's exhibition is held from Nov 5 to 10.
Central SOEs, regional trade delegations secure major import deals at 9th CIIE in Shanghai
