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It's Happening....

Implementing plan for economic and trade cooperation demonstration zone released

Ningbo Municipal Government has recently released the "implementing plan for the construction of '16+1' economic and trade cooperation demonstration zone in Ningbo". (16 here refers to the 16 CEEC countries, and 1 refers to China)

According to the plan, in the following three years, Ningbo will aim to built it an ideal destination for introducing products from CEEC countries, and conducting the bilateral investment cooperation and cultural exchange between China and CEEC countries. Focus will be put on the construction of the three platforms of China-CEEC Investment and Trade Expo, China-CEEC National Testing Zone for Trade Facilitation, and Sofia Chinese Cultural Center. The six demonstration projects will be launched, including trade promotion, investment cooperation, mechanism cooperation, interconnection and interworking, public services and cultural exchange. Meanwhile, the 20 major tasks for the program include the construction of the CEEC goods distribution and sales system, the construction of the mechanism for introducing and cultivating large-scale importers, the exploration of the cooperative mechanism in emerging fields, the cross-border e-commerce cooperation with CEEC countries, as well as the virtual or real public platforms for the "16+1" economic and trade cooperation.

Reportedly, in 2017, the import volume of Ningbo from the CEEC countries stood at 2.54 billion yuan, up by 78.4% over the previous year, while the export volume, 17.25 billion yuan, up by 21.6%.

According to the plan, by 2020, Ningbo will achieve a total import and export volume of US$4.5 billion with the CEEC countries, with the annual growth rate of 15%, accounting for 5% of the total of the country, ranking Ningbo among the top three of the domestic cities. And the import volume will double


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