CCPIT to Offer Guidelines for Companies Investing Overseas
7 March 2016 The China Council for the Promotion of International Trade will release export market guidelines by the end of March to assist in China’s foreign trade, especially in emerging markets such as Latin America and Africa, officials said on Wednesday, according to the China Crop Protection Industry Association.
“The guideline will help Chinese manufacturers get a better knowledge of global markets from developed economies to developing markets. Market demand, and the political, legal and business environments will all be included to help them prevent risks, and help them invest in new market destinations,” said Lin Shunjie, director-general of department of trade and investment promotion at the CCPIT.
According to CCPIA, Lin’s comments came after China’s foreign trade volume reached $3.96 trillion in 2015, down 8% year-on-year, the government announced last week. The country is also confronting trade protectionism with trade remedy measures against Chinese products rising significantly last year, especially from developed economies in the European Union and the United States.
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