$81.83 Billion Worth of Intention Contracts from 236 Projects Signed during the 3rd CIFTIS - MSNewsNow.com - Jackson, MS

$81.83 Billion Worth of Intention Contracts from 236 Projects Signed during the 3rd CIFTIS

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SOURCE Beijing International Trade in Services Center

BEIJING, June 11, 2014 /PRNewswire/ -- The 3rd China Beijing International Fair for Trade in Services (hereafter as CIFTIS) came to its successful end on June 1. In the signing ceremony that afternoon, exhibition sectors including sporting services sector, science and technology services sector and courier services sector signed cooperation intention agreements with professional buyers on-site. Fang Aiqing, Vice Minister of Commerce of China, and Cheng Hong, Vice Mayor of Beijing, introduced the overall situation and main achievements of the 3rd CIFTIS respectively. The signing ceremony was chaired by Ma Lin, deputy secretary-general of the People's Government of Beijing Municipality. According to statistics, during the 3rd CIFTIS totally 236 projects have been signed; the amount of intention contracts reaches USD 81.83 billion, an increase of 4% from the previous fair. The amount of international intention contracts reaches USD 35.5 billion, which is 3.3 times of the 2nd fair, and is 43.4% of the total amount of the 3rd CIFTIS. The amount of intention contracts of domestic provinces, autonomous regions and municipalities besides Beijing reaches USD 34.36 billion, which is 2.1 times of the 2nd fair, and is 42% of the total amount of the 3rd CIFTIS.

The Signing Ceremony & Achievement Release Conference of the 3rd CIFTIS

During the signing ceremony, Bruno Masier, president of World Trade Point Federation, signed with Song Jianming, representative of UN Trade Point Beijing and deputy director-general of Beijing Municipal Commission of Commerce, the letter of authorization of establishing secretariat of the federation in Beijing, and delivered the plaque to the new secretariat; Bruno Masier also signed with heads of UN Trade Point Beijing and UN Trade Point Shanghai respectively the letter of authorization of establishing business development center and technology center, and delivered the plaques to these two centers.

The 3rd CIFTIS is more internationally involved and attracted than previous fairs. The total number of participants on a cumulatively basis reached 153,000, an increase of 10.9% from the 138,000 of the 2nd fair. The total number of professional visitors on a cumulatively basis reached 145,000, an increase of 20.8% from the 120,000 of the 2nd fair. The number of registered enterprises reached 2,524, 624 more than the 2nd fair and 803 more than the 1st fair. The number of oversea professional buyers reaches 210, an increase of 17 from the 2nd fair. This is the first time merchants from all world top 20 service trade countries and regions participated in the CIFTIS.

Fang Aiqing, Vice Minister of Commerce of China, said that the 3rd CIFTIS played an important role of being the window of China's opening-up and the platform of deepening international cooperation in service trade. Leaders of China paid great attention to the CIFTIS, Wang Yang, Member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, visited the exhibition on-site and sent his written speech to the summit; Zhang Baowen, Vice Chairman of the Standing Committee of the National People's Congress, attended the summit and delivered speech. The success of the CIFTIS, is not only the display of the achievements of the development of service trade of China, but also the appearance of that service trade is becoming the new hotspot of international cooperation.

Fang Aiqing pointed out that the organizing committee for the CIFTIS should keep on upgrading the services according to the demands of exhibitors and buyers, using the information technology to increase the satisfaction of merchants.

Fang Aiqing summarized 4 main achievements of the 3rd CIFTIS.

(1) The 3rd CIFTIS has shown the world of China's determination of extending services industry's opening-up.

The written speech of Vice Premier Wang Yang delivered China's confidence and determination of extending services industry's opening-up. The summit and serial professional conferences also showed China's attitude and increased the confidences in the opening-up of China's services industry.

(2) The 3rd CIFTIS has expanded the spaces and fields for international cooperation in services trade.

The 3rd CIFTIS has further deepened the communication and cooperation among countries, international organizations and associations. Over 90 politicians, ministers, ambassadors, heads of international organizations, associations and multinational enterprises attended the 3rd CIFTIS. The 3rd CIFTIS has also attracted 21 international associations, 17 national delegations.

(3) The 3rd CIFTIS promoted the integration of different industries and the transformation of services industry.

The 3rd CIFTIS has especially exhibited the innovation achievements in field of service trade, and discussed on the trends of development of international services industry. Opportunities of integration development of different services industries, and bridge for crossover convergence between services industry and other industries have been created.

(4) The 3rd CIFTIS has promoted the cooperation and transaction matching between enterprises.

Totally 1,042 enterprises have applied business matching service through the new established CBMS, and 2011 applications have been confirmed which realized 798 one-on-one business talks on-site during the 3rd CIFTIS.

At last, Fang Aiqing pointed out that, without the support of people from all walks of life, the CIFTIS couldn't get such success, and the organizing committee should continue solidify and cooperate with them to promote the transformation and upgrade of services industry, to push forward the rapid development of trade in services, and to contribute more to the upgrade of the Chinese economy.

Cheng Hong, Vice Mayor of Beijing, concluded four features of the CIFTIS in the signing ceremony.

(1) The growth of the CIFTIS is stable and well.

Two examples: a. the UrbanTec China has upgraded to UrbanTec Asia, enterprises and association from 8 countries and regions participated in the event, the international attendees reached 72% an increase of 8%; b. Germany delegation organized 32 enterprises from Nordrhein-Westfalen, most of which were the first time came to the CIFTIS.

(2) The attraction of the CIFTIS has been increasing gradually.

The cooperation between the CIFTIS and its 3 permanent supporting institutions (WTO, UNCTAD, OECD) has been deepened. The cooperation mechanism of co-organizing the summit forum with one of the 3 institutions has been initially formed.

The 3rd CIFTIS has attracted 21 international organizations and foreign associations. Merchants from 55 countries have been continuously attending the CIFTIS. Many leading enterprises from home and abroad, such as Samsung, Carrefour, Siemens, China Post JD, and Tong Ren Tang, have been participating in the CIFTIS from the first session.

(3) The effectiveness of the CIFTIS has been upgrading constantly.

By establishing the online CBMS and the offline Business Matching Hall, the effectiveness of the fair has been upgrading, and the signing volume has been increasing.

(4) The awareness of the CIFTIS has been increasing steadily.

In aspect of media concern, totally 1,437 reporters from 262 media have participated in the reporting of the CIFTIS. The website of the CIFTIS has also attracted more visitors comparing to the previous fair. In aspect of industry concern, every professional conference has been filled to capacity.

Cheng Hong pointed out that, the success of the CIFTIS is because of the rapid development of global trade in services and the policies enhancing the development of services industry. And supports of people from all walks of life are also essential.

The experiences of the 3 sessions of the CIFTIS established a good foundation for the future. The CIFTIS will continuously, under the guidance of the MOFCOM, upgrade related services and provide merchants and visitors a better 4th CIFTIS. At the end of the ceremony, Cheng Hong expressed her willingness to meet everybody in the 4th CIFTIS.

Photo - http://photos.prnewswire.com/prnh/20140611/116897

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