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The trade volume between China and Central and Eastern European countries breaks US$100 billion for the first time, and the space for economic and trade cooperation is further expanded | Heilongjiang News Network | Heilongjiang Daily Client

China-CEEC trade volume exceeded US$100 billion for the first time, and the space for economic and trade cooperation was expanded again

International Online Report (Reporter Wei Yuchen): Since the establishment of the cooperation mechanism between China and Central and Eastern European countries in 2012, the economic and trade cooperation between the two sides has been continuously improved and upgraded, forming a comprehensive, multi-level, wide-ranging, mutually beneficial and win-win cooperation situation. People and businesses bring great benefits.

“Click on the small box (on the screen) to buy this bottle of wine, buy it now!” This is a webcast. It is the envoys to China from Central and Eastern European countries who are “carrying goods”. From Polish beer to Serbian wine, from Bulgarian rose oil to Latvian mineral lacquer… The various specialty products of Central and Eastern European countries have attracted the attention of many Chinese netizens.

In recent years, with the close economic and trade cooperation between China and Central and Eastern European countries, many high-quality products from Central and Eastern European countries have also entered the Chinese market by taking advantage of the booming online economy of China. Yilin, Director of Tmall International Global Investment Promotion Europe, told reporters that a large number of Central and Eastern European brands have rapidly risen in China and gradually attracted a large number of Chinese consumers. “Starting from 2019, Tmall International has ushered in the peak of the entry of Central and Eastern European brands. The number of Central and Eastern European brands that have settled in the past two years has increased by more than 90% year-on-year, and a number of Central and Eastern European brands are also rapidly emerging in China. For example, Poland’s number one national skin care brand has been invited by the Polish government to participate in the 2019 ASEAN Expo and 2020. Expo. In 2017, it entered Tmall International. Its most distinctive sheet mask quickly attracted Chinese consumers, especially young consumers. In 2018, it increased by 176% year-on-year. In 4 years, the entire brand has achieved nearly 4 times Growth, sales over 100 million.”

At the same time, China and Central and Eastern European countries have been continuously upgrading their traditional trade fields. According to data from the Ministry of Commerce of China, in 2020, the trade volume between China and Central and Eastern European countries reached 103.45 billion U.S. dollars, surpassing 100 billion U.S. dollars for the first time, and investment cooperation continued to expand. Gao Feng, a spokesperson for the Ministry of Commerce, pointed out, “In 2020, China’s trade volume with 17 Central and Eastern European countries will increase by 8.4% year-on-year, which is higher than the growth rate of China’s foreign trade and China-Europe trade over the same period. The average growth rate is 8%, which is more than three times the growth rate of China’s foreign trade and more than twice the growth rate of China’s trade with the EU. As of the end of 2020, China has accumulatively invested US$3.14 billion in direct investment in the entire industry in Central and Eastern European countries, involving energy and minerals , Infrastructure, logistics, auto parts and other fields.”

Up to now, the China-CEEC Economic and Trade Forum has been held for 9 consecutive sessions; China-CEEC Ministerial Conference on Economic and Trade Promotion has been held 3 times; China-CEEC Investment and Trade Expo has been successfully held for 4 sessions in Ningbo, in 2019 In June, it was upgraded to the China-CEEC Expo and was successfully held. China and Central and Eastern European countries have formed an all-round, multi-level, wide-ranging, mutually beneficial and win-win cooperation situation.

Zhang Jianping, director of the Center for Regional Economic Cooperation of the Chinese Academy of Commerce, believes that the completion of the China-EU Investment Agreement negotiations and the signing of the China-EU Geographical Indications Agreement will provide China and Central and Eastern European countries with greater mutual opening up and high-quality mutually beneficial cooperation. Institutional guarantees, “especially the China-EU Investment Agreement, will continue to increase bilateral investment between the two parties in the future, and the global supply chain will be more closely connected. In this process, e-commerce will definitely benefit from these two agreements, and the reason is that The two agreements will not only promote closer bilateral investment relations, but also continue to expand bilateral trade. Under the current new situation, there will be new platforms, new formats and new models of e-commerce. Greater user space will also lead to faster growth.”

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