With the theme of “innovate trade and service and strengthen regional cooperation”, the summit was jointly sponsored by the China Council for the Promotion of International Trade, Heilongjiang provincial government and Harbin municipal government.

Participants from Argentina, Brazil and another 24 countries and regions attended the summit. Nearly 1,000 officials and entrepreneurs, on behalf of the United Nations Economic Commission for Latin America and the Caribbean, the Pan-America Development Bank and other international organizations, participated at the summit.

Over 900 entrepreneurs exchanged their views on China’s key industries, the economic characteristics of Latin American countries, the regional development strategy of China, and trade cooperation between China and Latin America.

These entrepreneurs shared their successful experiences, discussed trade and investment opportunities between China and Latin America, and got to know the policies and regulations of the countries.

Forty-three Sino-Latin American officials, entrepreneurs and scholars gave speeches on Sino-Latin American economic and trade cooperation, economic and trade relations between China and Latin American development opportunities and challenges, China and Latin America co-operation and strategy and other issues, which were welcomed by attendees.

On Oct 21, the Sino-Latin American entrepreneurs carried out a special business meeting. Over 400 Chinese entrepreneurs held 1,100 negotiations during a half-day session to reach a total of 414 cooperative intentions, of which 224 were trade intentions, 33 investment intentions and 157 cooperation intentions.

The Second Round Table Meeting of China-Latin America Trade Promotion Agency was also held during the summit. China Trade Promotion Association, six provincial-level branches and local branches of the industry, with representatives on behalf of more than 20 countries’ associations in Latin America attended the meeting.

The meeting stressed cooperation between China and Latin American trade promotion agencies through information exchanges, the organization of economic and trade delegation visits and talks, seminars and exhibition fairs, and other means to promote substantive cooperation.

The entrepreneurs from China and Latin America called on governments to strengthen exchanges and take practical measures to promote trade and investment facilitation. The representatives of China and Latin American trade promotion organizations agreed the summit played an active role in promoting relationships between entrepreneurs.

The delegates unanimously agreed that the third China-Latin America Entrepreneurs’ Summit will be held in a Latin American country next year.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.

China has been actively promoting free trade in recent years as the largest developing country in the world. The new agreement is the seventh FTAs China has signed with other countries and the first one with a developed country.

The mutual benefits are obvious with the signing of the free trade. The amount of two-way trade between China and New Zealand reached 5.9 billion in 2007, rose by 10 percent to the previous year.

As there is almost no tariff on both sides, it is believed that businesses in China and New Zealand will get more opportunities for seeking the benefit of the two people. The signing of the deal also sets a good example for trade talks China is having or will have with other developing and developed countries.

It shows that joint efforts can help countries overcome differences in their development levels and further their cooperative relations as well as economic growth. More importantly, successful implementation of these FTAs will blow heavily to protectionism.

As the most populous country in the world, China enjoys a huge advantage of low labour costs. However, protectionism pressures against China have been increased in many developed countries as the country has registered a ballooning trade surplus with its rise as a global manufacturing power. Such a trend is harmful to the growth of free trade around the world.

The new FTA certifies evidently that China has not slowed its pace to integrate itself with the global economy after entering into WTO. Obviously, being recognized by a developed country as a closer trade partner shows the determination of China to free trade.

Hopefully more developed countries will follow the example of New Zealand, and recognize China’s full market economy status. In one word, closer trade ties will definitely work better in accelerating economic growth than protectionism.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.