Nanning, 17 September 2022 (TDI): The 19th China-ASEAN Expo commenced on Friday in Nanning, Guangxi Zhuang. The three-day conference will conclude on Monday, 19 September.

The conference is expected to help promote trade and exchange. China Media Group reported on Saturday that the event has witnessed a new record of deals signed.

Furthermore, this year serves as the first year after China and the Association of Southeast Asian Nations (ASEAN) upgraded their relations to a comprehensive strategic partnership. Additionally, it is also the first year since the Regional Comprehensive Economic Partnership (RCEP) agreement took effect.

Also read: 19th China-ASEAN Expo to commence on Friday

Projects of the Expo

A total of 267 projects on investment and cooperation have been signed. Their value is nearly 413 billion yuan ($591.37 billion). Most of the deals are in the areas of high-end metal new materials, modern agriculture, environmental protection, textile, healthcare, tourism, sports, machinery and equipment manufacturing.

Wu Zhengping, Director of the Trade Development Bureau of the Ministry of Commerce said, “Themed around sharing new opportunities of the RCEP and jointly advancing version 3.0 of the China-ASEAN Free Trade Area, the expo will help promote cooperation between the two sides.”

Moreover, in order to achieve quick customs clearance of foreign exhibits, Nanning Customs has adopted the declaration system for temporary inbound and outbound goods.

As for exhibits from RCEP members like Japan, Nanning Customs have established an assistance supervision mechanism with customs offices in Guangzhou, Shenzhen and Kunming to ensure the rapid customs clearance of exhibits.

Pakistan is also participating in the 19th China-ASEAN Expo and China-ASEAN Business and Investment Summit. Pakistani traders and industrialists are displaying furniture, auto parts, gemstones, sports goods, agricultural machinery and surgical instruments during the expo.