HOME ABOUT US CIFTIS

Merits and Roles

Source:Organizing_Committee

Date:2022.05.19

China International Fair for Trade in Services (hereinafter referred to as "CIFTIS") is a comprehensive, state-level event with a global reach co-hosted by the Ministry of Commerce of the People's Republic of China and the People's Government of Beijing Municipality. Aiming to adapt to the rapid development of trade in services globally, it has become an important fair for spreading ideas, connecting supply and demand, sharing business opportunities, and promoting common development in the field of international trade in services.

The first and by far the global largest comprehensive fair for trade in services. CIFTIS covers 12 major sectors including transport, travel, construction, insurance services, financial services, telecommunications, computer and information services, intellectual property royalties, personal, cultural and recreational services, maintenance and repair services, other business services, processing services, and government services. With WTO, UNCTAD and OECD as its supporting institutions, and WIPO, ITC, WTPF and WTCA as its international cooperative organizations, since it was officially launched, CIFTIS, as an international platform for business negotiation and cooperation, has attracted 495 overseas institutions and business associations, and more than 1.7 million person-times of attendees and exhibitors from 195 countries and regions.

A leading fair for trade in services in China, and a major exhibition platform for China's opening-up. The Chinese government attaches great importance to CIFTIS, and state leaders have attended all the previous sessions. Chinese President Xi Jinping delivered keynote speeches at the Global Trade in Services Summit in two consecutive years. In 2021, President Xi Jinping announced four-pronged opening-up policies, including opening up at a higher level, creating more possibilities for cooperation, further improving rules for the services sector, and setting up Beijing Stock Exchange in his keynote speech. All of these efforts have demonstrated China's commitment to peace, development, cooperation and win-win results and its resolution to expand opening-up. For the preparation at a higher level, the State Council approved the establishment of the Organizing Committee of CIFTIS, comprising over 40 national ministries and commissions, and with the Vice Premier of the State Council in charge as the chairman in 2020, and then approved the establishment of Organizing Committee and Executive Committee of CIFTIS as standing committees in 2021. CIFTIS ushered in a new development stage featuring quality improvement and upgrade. At the previous sessions of CIFTIS, all provinces, autonomous regions and municipalities in China have organized enterprises superior in local services to attend the fair for potential cooperation, to showcase the latest achievements in the development of trade in services in China, as well as the state-of-the-art technologies and applications in the services sector in a concentrated manner.

Sharing development opportunities and promoting world economic growth via the CIFTIS. With the goal of becoming the most authoritative and influential trading platform in the field of global trade in services, CIFTIS aims to serve as an important exhibition platform for China's opening-up, a major display platform for global new technologies and achievements, an important cooperation platform for enterprises and institutions from all countries to negotiate and trade, and a pivotal platform for exchange on hot issues of global trade in services and public governance. The Chinese government will join hands with all other countries and international organizations to build CIFTIS the wind vane and benchmark that leads the development of trade in services, and a new carrier that accelerates the international trade development and global economic growth, thus giving full play to its crucial role in promoting the prosperity and development of global trade in services.


Advertisement Recommendation