Shanghai (TDI): China has reaffirmed its commitment to strengthening economic ties with Global South nations through the 7th China International Import Expo (CIIE), a platform that has seen significant participation from least-developed countries (LDCs) in Shanghai this week.
Speaking at a press briefing, Foreign Ministry spokesperson Mao Ning reiterated Beijing’s support for the development of these nations to foster shared prosperity.
The CIIE, which runs from November 7 to November 12, has welcomed 37 LDCs, with organizers offering more than 120 free exhibition booths to help businesses from these countries access China’s vast market.
Expanded exhibition spaces dedicated to food and agricultural products have enabled several African nations to showcase a broad array of goods, particularly within the food sector.
Since its inception, the CIIE has helped bring products from LDCs into the Chinese market, boosting local industries and livelihoods, according to Mao.
The expo, now in its seventh year, has emerged as an important platform for LDCs aiming to integrate into global trade, a point echoed by China’s Ministry of Commerce (MOFCOM).
Appreciation for China’s Support
Representatives from participating countries have expressed their appreciation for China’s support.
Kassim Kone of the Mali Export Promotion Agency noted the increased participation from Mali this year, emphasizing the event’s importance for small and medium-sized enterprises in promoting their products, according to Global Times.
Ethiopian officials echoed similar sentiments, with Minister Munteha Jemal Seid from the Ethiopian Embassy in China highlighting the value of the expo for Ethiopian businesses looking to connect with buyers in China.
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Ethiopia’s range of agricultural products, including coffee and sesame, are attracting Chinese consumers seeking organic options, he said.
In September, China announced zero-tariff treatment for 100 percent of tariff lines for all LDCs with diplomatic relations, effective December 1.
This measure, a first by a major economy, is expected to further boost trade between China and LDCs.
Md Ziaur Rahman from Bangladesh’s embassy in China called the policy “a significant boost” for Bangladesh’s exports.
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First-time participant Madagascar, which was given a free booth, sees the expo as a key opportunity to showcase its products.
Rodrigue Brechard of Madagascar’s Ministry of Foreign Affairs expressed optimism about returning next year with a larger presence.
China’s latest trade initiatives underscore its role in fostering economic engagement with developing countries, offering a lifeline for LDCs seeking a foothold in the global market.
