Practicing RCEP, Hangzhou’s digital innovation, market expansion and risk prevention

China Business News Network  implemented RCEP with high quality. On March 24, the first exhibition of "Overseas Hangzhou" RCEP - 2022 China (Indonesia) Trade Fair opened in Jakarta and Hangzhou at the same time, and Hangzhou's foreign trade risk lights up and decodes digital application scenarios at the same time online.
This exhibition is sponsored by the Hangzhou Municipal People's Government, jointly sponsored by the Foreign Trade Development Bureau of the Ministry of Commerce, and organized by the Hangzhou Municipal Bureau of Commerce and Miorante International Exhibition. Vice Mayor of Hangzhou Hu Wei, Minister Counselor of the Chinese Embassy in Indonesia Shi Ziming, Deputy Secretary General of Hangzhou Municipal Government Lao Xinxiang, Deputy Commissioner of the Ministry of Commerce in Hangzhou Zhou Guanchao, Deputy Director of the Foreign Trade Development Bureau of the Ministry of Commerce Chen Huaming, Hangzhou Bureau of Commerce Director Sun Biqing, Senior Advisor to the Coordinating Minister of Economic Affairs of Indonesia Pabudi, Minister Counselor of the Indonesian Consulate General in Shanghai Gu Weiran, Consul of the Vietnamese Consulate General in Shanghai Chen Hazhuang, Director of the Indonesian Trade Promotion Center Indra, CITIC Zhejiang Branch General Manager Chen Xiaoping, Miorante International Exhibition Chairman Pan Jianjun and other guests attended the opening ceremony.
The exhibition adopts a new digital model of "exhibits going overseas, buyers present, exhibitors online, and digital negotiation", attracting a total of 210 companies from 8 provinces and cities including Beijing, Zhejiang, Jiangsu, Guangdong, Hebei, Hubei, Inner Mongolia, and Shandong. Enterprise exhibitors.

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"Indonesia Expo is the first show of 'Overseas Hangzhou' in 2022, and it is also the first exhibition for the RCEP market. It is hoped that through this expo, the spirit of the instructions of the leaders of the two countries will be implemented, the economic and trade development of the two countries will be promoted, and Hangzhou enterprises will be connected with Indonesia and RCEP countries. Our trade cooperation has reached a new level.” Hu Wei said in his speech that the RCEP region is an important trade market for Hangzhou. In 2021, Hangzhou will export 99.8 billion yuan to countries in the RCEP region, accounting for 22.4% of the total export volume. Indonesia is the largest economy in ASEAN. There is huge potential for bilateral economic and trade cooperation.
At the opening ceremony, Sun Biqing introduced the 2022 "Overseas Hangzhou" exhibition plan and the digital application scenarios of Hangzhou's foreign trade risk lighting and decoding. In the first half of the year, Hangzhou will hold trade fairs in 8 countries including Japan, Mexico, Poland, the United Arab Emirates, Egypt, Turkey, and Brazil. In the second half of the year, it plans to hold trade fairs in RCEP regions such as Malaysia, Vietnam, and Thailand, in an effort to build an "overseas Hangzhou". It has become an important platform for Chinese enterprises to develop the RCEP regional market.

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In order to do a good job of multi-subject collaborative response to trade risks, Hangzhou Municipal Bureau of Commerce, Zhejiang Credit Insurance Business Department and Hangzhou New Silk Road Digital Foreign Trade Research Institute jointly developed the "Foreign Trade Risk Lighting Decoding Digital Application Scenario". This scenario digitally assesses the trade risk level of Hangzhou's foreign trade, and provides effective responses and corporate services. The system is divided into two parts: lighting and decoding. The lighting is the red, yellow and green lights to determine the current risk level of Hangzhou's foreign trade, and the decoding is to interpret the warning accordingly. Foreign trade enterprises can enter the scene through the link address on the WeChat official account of "Hangzhou Business".

Post time: Apr-18-2022