Original Title: China-Central and Eastern Europe Cooperation Giant Ship Riding the Wind and Waves[The cooperation field continues to expand and the trade volume has increased significantly]Source: China Youth Daily
The field of cooperation continues to expand and the volume of trade has increased significantly
China-Central and Eastern Europe Cooperation Giant Ship Rides the Wind and Waves
The Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina (Bosnia and Herzegovina) Stasha Koshalac is very much looking forward to exporting the country’s dairy products to China. In a recent interview with Xinhua News Agency, he called the Chinese market “a great opportunity for the agricultural sector in Bosnia and Herzegovina.” “Entering the Chinese market will bring foreign investment in the dairy industry in Bosnia and Herzegovina, promote employment and increase incomes for the rural population, and will also help reduce the trade deficit in Bosnia and Herzegovina.”
His optimism is justified. In February of this year, China stated that it would import commodities worth more than US$170 billion from Central and Eastern European countries in the next five years, and strive to double the export of agricultural products from Central and Eastern European countries to China, and the bilateral agricultural trade volume will increase by 50%.
“This will be a win-win deal.” said Chobanov, manager of a well-known cheese company in Bosnia and Herzegovina.
The agricultural sector is one of the areas where cooperation between China and Central and Eastern European countries is expected to achieve breakthroughs, and there is an increasing demand for agricultural exports from Central and Eastern European countries. On June 8, the 2nd China-CEEC and International Consumer Goods Expo opened in Ningbo, Zhejiang. The cooperation between China and CEECs in this traditional field is expected to be further deepened.
According to data from the Ministry of Commerce of China, since China and 16 Central and Eastern European countries jointly launched the China-Central and Eastern Europe cooperation mechanism in 2012, the bilateral trade volume has increased by nearly 85%, with an average annual growth rate of 8%, which is the growth rate of China’s trade with the EU. China’s overall trade growth rate is more than three times that of China. In 2020, in the context of the global fight against the new crown pneumonia epidemic, the two sides will carry out anti-epidemic cooperation, and the trade volume has achieved an increase of 8.4%, exceeding the US$100 billion mark for the first time.
The ties between the two sides in investment, tourism, culture and other fields are also constantly strengthening. At the end of 2020, China’s cumulative foreign direct investment in the fields of energy, infrastructure and logistics in Central and Eastern European countries was 3.14 billion U.S. dollars, while the cumulative investment of these countries in China reached 1.72 billion U.S. dollars, and bilateral tourism revenues soared four times. Some flagship projects are also progressing smoothly.
“Since the Warsaw Summit in 2012, China-CEEC cooperation has achieved extensive results in the fields of economy, trade and infrastructure, such as the Hungary-Serbia Railway and the port of Piraeus in Greece.” China Institute of Modern International Relations Europe Said Dong Yifan, an assistant researcher at the Institute. In addition, the China-Europe Express train passes through Poland and many other Central and Eastern European countries, making Central and Eastern Europe a bridge and link on the Silk Road on the Central European Road.
“Since the outbreak of the new crown pneumonia epidemic, China and some Central and Eastern European countries have been adhering to the concept of a community with a shared future for mankind, helping each other and supporting each other, and extensively cooperating in medical supplies and anti-epidemic technologies, expanding the connotation of China’s Central and Eastern European cooperation to the health field. Dong Yifan said.
The economic cooperation between the two sides has demonstrated vigorous vitality and strong resilience. Compared with other regions in Europe, as emerging market countries, Central and Eastern European countries have greater potential in the areas of interconnection and energy investment. China and Central and Eastern European countries can learn from each other and contribute to economic and social development in the post-epidemic era. The second China-CEEC Exposition attracted more than 2,000 exhibitors and over 6,000 buyers. This shows that as many countries are experiencing economic recession, companies from China and Central and Eastern European countries have high expectations for the results of the Expo.
“China-Central and Eastern Europe cooperation is a mutually beneficial and win-win mechanism and framework for economic, trade and investment. For Central and Eastern European countries, the main significance is that they have another source of development power besides the United States and the European Union, and have gained China’s development and rejuvenation have brought dividends to the world.” Dong Yifan said.
At the end of May this year, Chinese State Councilor and Minister of Foreign Affairs Wang Yi said during a meeting with foreign ministers of several European countries in Guiyang that the cooperation between China and Central and Eastern European countries focuses on economic and trade pragmatic cooperation, and does not involve the field of defense and security, and has never had geostrategic intentions, let alone What sphere of influence.
Regarding the recent discordant voices in the relations between China and Central and Eastern European countries, Cui Zhimin, Counselor of the European Department of the Ministry of Foreign Affairs of China, said that other European members will not follow suit because their cooperation with China is based on the willingness and pragmatic needs of both parties. The deepening of the relationship between the two parties will be the general trend and will not be affected by the recent frictions. “Individual countries have different ideas, which is normal.” Cui Zhimin said.
“A small number of countries are now trapped in the myth of political manipulation and geo-competition. This is not the mainstream of China-Central and Eastern European cooperation. The majority of countries that truly combine their own interests with mutually beneficial cooperation are the majority.” Dong Yifan said, ” As long as China-Central and Eastern Europe cooperation can bring benefits to all parties involved, most countries will make the right choice.”
China Youth Daily · China Youth Daily reporter Yuan Ye Wang Lin Source: China Youth Daily