The event, once again, turns Shanghai, the financial heart of the country, into a showcase of the good and the best, but also a place where exhibitors and distributors can make promotions, establish contacts and business networks.
As usual, the multisectoral exchange will go on until November 10 and due to the Covid-19 pandemic there will also be a virtual section.
Cuba will be present with a digital pavilion and will promote advances in biotechnology; cultural, tourism, health and agricultural goods and services, apart from iconic tobacco, coffee and rum brands.
The 2020 edition of the CIIE closed with agreements for 72.62 billion dollars, that is 2.1 percent more than the previous one.
Many of these were reached with countries involved in the ‘Belt and Road’ initiative, inspired by ancient trade routes to link China with other continents, in a large network of infrastructure and cooperation.
With this exhibition, China intends to promote this project, while expanding its level of openness.
That is why, since the end of 2017, taxes have been gradually reduced on thousands of imported goods and customs mechanisms have become more flexible to facilitate the entry of goods, especially those of high quality, innovative and environmentally friendly.
Everything is in tune with the government plan to promote a development model, where consumption plays a key role, since in recent years it was decisive in the expansion of the Gross Domestic Product and evidenced the enormous potential imports have for the country.