First China International Import Expo Opened

On November 5, 2018, the first China International Import Expo (CIIE) opened in Shanghai. The CIIE will run from November 5 to 10, and is expected to be an annual event hereafter.  

According to Chinese state media, “a total of 172 countries, regions, and international organizations” were represented at the inaugural CIIE; 82 countries had booths set up in the Country Pavilion for Trade and Investment. More than 3,600 companies were in attendance.

Chinese President Xi Jinping delivered a keynote speech at the opening ceremony of CIIE. President Xi stressed that CIIE is not just an expo, but “a major policy for China to push for a new round of high-level opening-up and a major measure for China to take the initiative to open its market to the world.” China will take more active policy measures to further reduce tariffs, facilitate customs clearance, cut institutional costs on imports and accelerate the development of new business models such as cross-border e-commerce.

As the construction and operating unit of Yinchuan Cross-Border Trade E-Commerce Pilot Project, SRP has been devoted to cross-border e-commerce business since foundation and pay close attention to the CIIE. Representatives of SRP attended this event as a buyer, leveraging the opportunity of business negotiation with more than 3,600 companies.