CIIE favors business interactions, says Turkish scholar

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ISTANBUL, Nov. 6 (Xinhua) – The China International Import Expo (CIIE) provides a favorable platform for interactions between businessmen around the world, a Turkish academic said.

“China is a huge market and the purchasing power of this market is increasing rapidly,” Oguz Demir, associate professor of economics at Istanbul University of Commerce, told Xinhua on Thursday.

As the world’s first dedicated import exhibition, CIIE has produced successful results in its last three exhibitions. The fourth edition will be held in Shanghai from November 5-10, with more than 200 exhibitors and more than 500 participating buyers.

Turkish companies participated in the four shows and signed several win-win agreements with Chinese partners, Demir said.

“This year the spirit of Turkish companies is very high” for new transactions, he said.

The scholar also pointed out that this year’s exhibition coincides with the 20th anniversary of China’s accession to the World Trade Organization (WTO), which he considers very significant.

China’s accession to the WTO is “like a revolution for the international economy,” Demir said.

The world “understood the importance of China during the COVID-19 pandemic” as it tried to maintain the resilience of the global supply chain and make it sustainable during the health crisis.

“China supports the growth of the world economy (…) and is one of the main economies in value chains,” said Demir.

As the COVID-19 pandemic continues to spread and weigh on the global economy, trade remains an important engine for the growth of developing countries, he said.

Emphasizing the importance of investments and China’s interest in new technologies, Demir also praised China as one of the leaders in technological transformation.

Produced by Xinhua Global Service

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