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III. Milestones

Investment milestones in 2015

On January 6, 2015, the third meeting of the second phase of negotiations on the China-Pakistan free trade agreement opened in Islamabad

The third meeting of the second phase of the China-Pakistan free trade agreement negotiations was successfully held in Islamabad during January 6-8, 2015. At the meeting, the two sides held consultations on various topics including the impact of the implementation of tax cuts in the first phase of the China-Pakistan Free Trade Area, the tax reduction model for trade in goods and the expansion of opening-up in the fields of services and investment in the second phase. Positive progress was made in the negotiations. The two sides also discussed the plan for the follow-up work and agreed to speed up the negotiations and conclude the second phase at an early date.

The China-Pakistan Free Trade Agreement was signed in November 2006 and entered into force on July 1, 2007. Since the implementation of the agreement, bilateral trade has grown rapidly. According to the statistics issued by China Customs, bilateral trade between China and Pakistan increased from US$5.248 billion before the implementation of the agreement in 2006 to US$14.22 billion in 2013. The China-Pakistan Free Trade Agreement has played a positive role in deepening economic and trade cooperation between the two countries.

On January 8, 2015, the Circular of the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange on Issuing the Statistical System of Outward Foreign Direct Investment was issued.

In accordance with the Interim Regulations on the Management of Statistical Survey Items at Departmental Levels (Decree No. 4 of 1999 of the National Bureau of Statistics), the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange, in view of the actual situation and characteristics of China’s outward foreign investment in the past two years, have revised and supplemented the Statistical System of Outward Foreign Direct Investment issued in December 2012 in accordance with the relevant requirement in the Benchmark Definition of Foreign Direct Investment (fourth edition, hereinafter referred to as the “Definition”) issued by the Organisation for Economic Cooperation and Development (OECD).

The main amendments are as follows:

I The names of statistical indicators are standardized. According to the Definition, among the components of OFDI, “capital stock” is renamed “equity,” “reinvestment of profit” is changed to “reinvestment of earnings,” and “other investments” is changed to "debt instruments.”

II The Form for Distribution of Investments and Earnings between Domestic Investors and Overseas Enterprises is separated into the Form for OFDI Flows and Stocks (FDIN3) and the Form for OFDI Earnings (FDIN5). The relevant indicators and contents in the Form for OFDI Earnings are also amended according to the Definition.

III The Annual Report Form (FDIN4) for Inter-company Debt instruments of Member Countries is added to reflect the debt instruments between domestic investors and overseas enterprises of member countries.

IV The Annual Report Form for Round-trip Investments by Overseas Enterprises (FDIN7) is added to reflect the investments in Chinese enterprises in the mainland through overseas enterprises.

V The Annual (FDIN10) and Monthly (FDIY6) Report Form for Outward Foreign Investments of the Cultural Industry and Related Industries in China.

VI The Monthly Report Form for OFDI by types of investments (FDIY2) is added.

VII The objects covered in the Form for Basic Information of Overseas Enterprises (FDIN2) is amended from all overseas enterprises to the overseas enterprises with more than 50% holding by the Chinese side.

VIII The reporting period of the Forms for OFDI of the Financial Industry (FDI Finance Y1 and Y2) is amended from quarterly to monthly.

IX According to the Benchmark Definition, the ways to make direct investments in the Monthly OFDI Report Form (FDIY1) is amended from “greenfield investment, purchase and equity swap" to "greenfield investment, merger and acquisition, capital extension and financial restructuring.” Meanwhile, “direct investments of domestic investors in overseas enterprises of member countries” is included in the form. The indicator of “amount of equity held by the Chinese side after merger and acquisition” is included in the Form for “Basic Matters of Merger and Acquisition in Outward Foreign Investment" (FDIY 3).

X The definition of countries (regions) for statistical purposes is modified as follows: the first investment destination country (region) shall be considered the destination country (region) of OFDI in statistics. If the first destination country (region) of direct investment is the British Virgin Islands, the Cayman Islands or Bermuda, the next country (region) with investments in overseas non-shell companies (with employees and offices) shall be considered the destination country (region) of direct investments. However, if the invested companies in the British Virgin Islands, the Cayman Islands or Bermuda have non-shell subsidiaries being Chinese enterprises in the mainland, these regions shall be considered the first investment destination country (region) in statistics.

XI A definition of subsidiary is added to the definition of statistical principles.

XII The “Notes on Statistics Institutions and Statisticians and Methods of Reward and Punishment relating to Statistics” in the appendix are deleted, and the “Classification of the Cultural Industry and Related Industries” issued by the National Bureau of Statistics in 2012 is added as Appendix 5.

On January 13, 2015, the Circular of the People’s Bank of China on Issues Concerning the Management of Special RMB Accounts of Foreign Banks for Settlement and Sale of Foreign Exchange was issued.

In accordance with the Administrative Rules on Settlement and Sale of Foreign Exchange by Banks (Decree of the People’s Bank of China (2014) No. 2), in order to facilitate foreign banks that have not been approved to provide RMB services to handle foreign exchange settlement and sales, the People’s Bank of China has issued a circular on the management of special RMB accounts of foreign banks for settlement and sale of foreign exchange.

XIII Foreign banks that have not yet been approved to provide RMB business (hereinafter referred to as foreign banks) may, upon obtaining approval from branches of the State Administration of Foreign Exchange to engage in spot settlement and sale of foreign exchange, apply to the local branch of the People’s Bank of China for opening a special RMB account for settlement and sale of foreign exchange with the approval documents, and may open a special RMB account at a local commercial bank for foreign exchange settlement and sale with the approval documents according to their business needs.

XIV Where a foreign bank has opened a special RMB account for settlement and sale of foreign exchange with both the People’s Bank of China and a commercial bank, RMB funds may be transferred freely between the two accounts. The RMB special account for settlement and sale of foreign exchange at the commercial bank can be used for RMB cash deposit and withdrawal.

XV The scope of revenues and expenditures of the RMB special account for settlement and sale of foreign exchange is as follows:

Revenues: RMB revenues from sale of foreign exchange capital or working capital of the bank; RMB amount transferred or RMB cash deposited into the account by customers for purchase of foreign exchange; RMB revenues from selling foreign exchange in the interbank foreign exchange market.

Expenditures: RMB amount transferred out or RMB cash drawn by customers for settlement of foreign exchange; RMB amount required for purchasing foreign exchange in the inter-bank foreign exchange market; transfer of RMB revenues from sale of the bank’s foreign exchange capital or working capital to the bank’s general RMB account.

XVI The RMB special account for settlement and sale of foreign exchange shall be subject to balance management. The account balance shall not exceed 20% of the registered foreign exchange capital or working capital of the bank, and the bank may, within the balance, convert between RMB and foreign currencies.

XVII Foreign banks shall use the RMB special account for settlement and sale of foreign exchange in strict accordance with relevant regulations, and shall manage it separately from the bank's daily expenditure account and other RMB accounts.

XVIII Upon being approved to provide RMB service and approval of the bank's limits of synthetic positions for settlement and sale of foreign exchange, foreign banks shall apply to the local branch of the People’s Bank in time for closing the special RMB account for foreign exchange settlement and sale opened in the institution by presenting the approval documents of branches of the State Administration of Foreign Exchange, and the funds in the account shall be transferred to the RMB reserve account of the foreign bank with the People’s Bank of China.

On January 16, 2015, the chief representatives’ meeting of the sixth round of China-Japan-ROK FTA negotiations was held in Tokyo, Japan

The chief representatives' meeting of the sixth round of China-Japan-ROK FTA negotiations was held in Tokyo, Japan, on January 16, 2015. The three sides had talks on topics concerning the tax reduction model for trade in goods, trade in sendees, investment opening-up models, and the scope and areas covered by the agreement. The Chinese delegation was led by Wang Shouwen, Assistant Minister of Commerce of China. The negotiations lasted two days. The sixth round of China-Japan-ROK FTA negotiations at the departmental level was held earlier in Tokyo, Japan during November 24-28, 2014.

The China-Japan-ROK FTA negotiations started in November 2012, and five rounds of negotiations had been held by that time. China, Japan and the ROK are major economies in the world. The establishment of the China-Japan-ROK Free Trade Zone not only facilitates trade and investment and closer economic exchanges among the three countries, but also plays a significant role in promoting the economic integration of East Asia and the Asia-Pacific region and the growth of the world economy.

On January 19, 2015, the State Council approved the establishment of the Gui’an Integrated Bonded Zone

The People’s Government of Guizhou Province announced on January 19, 2015, that the State Council had recently approved the establishment of Gui’an Integrated Bonded Zone, the second integrated bonded area to be established in Guizhou Province. According to the letter of approval of the State Council, Gui’an Integrated Bonded Zone will cover 2.2 square kilometers, stretching from the Dongzongxian Road in the east to Kaizhang Reservoir in the west, and from Xinzhai Village in the south to Qianzhong Avenue in the north. Its functions and relevant tax and foreign exchange policies shall be implemented in accordance with the relevant provisions in the State Council's reply to the establishment of Yangshan Free Trade Port Area.

On January 20, 2015, the Ministry of Commerce solicited comments on the Law of the People’s Republic of China on Foreign Investment (Draft for Comments).

In order to implement the guiding principles of the third and fourth plenary sessions of the 18th CPC Central Committee, in accordance with the Legislative Program of the 12th National People’s Congress Standing Committee and the Legislative Work Plan of the State Council in 2014, the Ministry of Commerce started the revision of the Joint Venture Law, the Law on Foreign-capital Enterprises and the Law on Chinese-foreign Contractual Joint Ventures, and formulated the Law of the People’s Republic of China on Foreign Investment (Draft for Comments).

On January 22, 2015, the 2015 Chinese and Foreign Investment Promotion Agencies Conference was held in Beijing

In order to adapt to the new changes in the international economic situation, the new normal in domestic economic development, and the new requirements of further opening-up, sum up the investment promotion work in 2014, discuss the plan for future work, introduce innovative investment promotion ideas and ways of work, and expand and deepen practical cooperation between Chinese and foreign investment promotion agencies and enterprises, the Investment Promotion Agency of the Ministry of Commerce held the Chinese and Foreign Investment Promotion Agencies Conference in Beijing on January 22, 2015. Assistant Minister of Commerce Tong Daochi attended and addressed the conference. More than 200 persons including diplomatic envoys to China from more than 20 countries such as Australia, Cuba, Germany, the Republic of Korea, Mexico, Poland and Russia, and representatives of foreign investment promotion agencies as well as heads of provincial and municipal commerce departments, investment promotion agencies, some development zones and representatives of well-known enterprises at home and abroad attended the conference.

On January 26, 2015, the first meeting of the China-Indonesia High-level Economic Dialogue was held

The first meeting of China-Indonesia High-level Economic Dialogue was held in Beijing on January 26, 2015. State Councilor Yang Jiechi of China and Coordinating Minister of Economic Affairs (deputy prime ministerial level) Sofyan Djali of Indonesia co-chaired the meeting with an aim to implement the consensus reached by the leaders of the two countries. They had an in-depth exchange of views on major cooperation topics such as the economy, trade and investment of and between the two sides.

On January 30, 2015, the State Council issued the Circular on Promoting the Replicable Experience from the Pilot Reform of the China (Shanghai) Pilot Free Trade Zone.

The State Council issued the Circular on Promoting the Replicable Experience from the Pilot Reform of the China (Shanghai) Pilot Free Trade Zone, and made an overall arrangement for the nationwide promotion of the replicable experience from the pilot reform of the China (Shanghai) Pilot Free Trade Zone.

On January 30, 2015, the third meeting of the China-Belarus Industrial Park Coordination Working Group was held in Minsk, Belarus

The third meeting of the China-Belarus Industrial Park Coordination Working Group was held in Minsk, Belarus on January 30, 2015. Assistant Minister of Commerce Zhang Xiangchen, as Chinese deputy head of the Working Group, and Belarusian Deputy Director of the President’s General Office Nickolay Snopkov co-chaired the meeting. Representatives of relevant departments and businesses of both sides attended the meeting.

On February 3, 2015, the seventh meeting of the China-ASEAN Free Trade Zone Joint Committee and the Second Round of China-ASEAN FTA Upgrading Negotiations were held in Beijing.

The seventh meeting of tire China-ASEAN Free Trade Zone Joint Committee and tire second round of China-ASEAN FTA upgrading negotiations was held in Beijing on February 3,2015. The Chinese delegation was composed of members from the Ministry of Commerce, the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministry of Industry and Information, the Ministry of Finance, the Ministry of Agriculture, the General Administration of Customs, the General Administration of Quality Supervision, Inspection and Quarantine, China Iron and Steel Association, the People’s Government of Guangxi Zhuang Autonomous Region and the Department of Commerce of Yunnan Province. The ASEAN delegation was composed of representatives from the 10 ASEAN countries.

On February 4, 2015, the 18th Round of China-US Bilateral Investment Treat}’ Negotiations was launched in Washington, USA

The eighteenth round of negotiations on the China-US Bilateral Investment Treaty (BIT) was launched in Washington, USA on February 4, 2015, and lasted four days. The two sides continued to negotiate on the text of the agreement.

These were the first negotiations between China and tire United States in 2015. So far, the two sides had conducted eight rounds of negotiations on the text. The negotiation teams of both sides will strive to reach agreement on core issues and main clauses, and lay a sohd foundation for the subsequent negative list negotiations.

On February 5, 2015, the Ministry of Commerce held the National Imports and Exports Work Conference 2015 in Beijing

On February 5, 2015, the Ministry of Commerce held the National Imports and Exports Work Conference 2015 in Beijing. The main tasks of the meeting are to convey and implement the important instructions of the CPC Central Committee on foreign trade, implement the guiding principles of the Central Economic Work Conference and the National Commercial Work Conference, summarize the foreign trade work in 2014, analyze the current and future foreign trade situation and arrange the tasks for 2015. Minister of Commerce Gao Hucheng attended and addressed the meeting. International Trade Representative and Vice Minister of Commerce Zhong Shan made a work report.

On February 25, 2015, China and the ROK completed the signing of all texts of the China-ROK Free Trade Agreement

On February 25, 2015, China and the ROK completed the signing of all texts of the China-ROK FTA and confirmed the contents of the agreement. It marked the conclusion of the China-ROK FTA negotiations.

The China-ROK FTA negotiations started in May 2012. In November 2014, the heads of state of China and the ROK jointly announced the conclusion of substantive negotiations in Beijing. The China-ROK FTA involves the largest trade value and the most areas of trade so far.

On February 28, 2015, the Circular of the State Administration of Foreign Exchange on Further Simplifying and Improving Policies for Foreign Exchange Administration for Direct Investment was issued.

According to a news release on the website of the State Administration of Foreign Exchange on February 28, 2015, in order to further deepen the reform of foreign exchange administration for direct investment, and promote and facilitate the operations of enterprises’ cross-border investment funds, the State Administration of Foreign Exchange issued the Circular of the State Administration of Foreign Exchange on Further Simplifying and Improving Policies for Foreign Exchange Administration for Direct Investment.

On March 24, 2015, the National Working Conference on Market System Development opened in Beijing

From March 24-26, 2015, the National Working Conference on Market System Development was held in Beijing. Aiming to implement the guiding principles of the third and fourth plenary sessions of the 18th CPC Central Committee, the Central Economic Work Conference and the National Commercial Work Conference, at the conference, the development of the national market system in 2014 was summarized, people exchanged experience and plans for future work were made. Assistant Minister of Commerce Wang Bingnan attended and addressed the meeting.

On March 24, 2015, the sixth meeting of the China-New Zealand FTA Joint Committee was held in Wellington, New Zealand

On March 24-25, 2015, the sixth meeting of the China-New Zealand FTA Joint Committee was held in Wellington, New Zealand. The Chinese delegation was composed of personnel from the Ministry of Commerce, the Ministry of Finance, the Ministry of Agriculture, the General Administration of Customs, the Embassy of

China in New Zealand and the Consulate-General in Christchurch. The two sides reviewed the implementation of the FTA in fields such as trade in goods and services, the movement of natural persons and rules of origin, and agr eed to launch the joint evaluation on the China-New Zealand FTA upgrading negotiations.

On March 28, 2015, President Xi Jinping attended the opening ceremony of the 2015 annual conference of Boao Forum for Asia in Hainan

On March 28, President Xi Jinping attended the opening ceremony of the 2015 annual conference of Boao Forum for Asia in Boao, Hainan, and delivered a keynote speech.

On March 28, 2015, Vision and Actions on Jointly Building Silk Road Economic Belt and 21st Century Maritime Silk Road was issued

On March 28, 2015, the National Development and Reform Commission, the Ministry of Foreign Affairs and the Ministry of Commerce jointly issued the Vision and Actions on Jointly Building Silk Road Economic Belt and 21st Century Maritime Silk Road.

On March 30, 2015, the National Development and Reform Commission and the Ministry of Commerce issued the Catalogue for the Guidance of Foreign Investment Industries (revised in 2015).

The Catalogue for the Guidance of Foreign Investment Industries (revised in 2015) was approved by the State Council and was scheduled to come into force on April 10, 2015. The Catalogue for the Guidance of Foreign Investment Industries (revised in 2011) issued by the National Development and Reform Commission and the Ministry of Commerce on December 24, 2011 was abolished at the same time.

On March 31, 2015, the fourth meeting of the China-Pakistan FTA Negotiations of the second phase was launched in Beijing

From March 31 to April 1, the fourth meeting of the China-Pakistan FTA negotiations of the second phase was held in Beijing. The two sides conducted full consultations and communications on topics such as trade in goods and services, the expansion of opening-up in the investment field in the second phase of the China-Pakistan FTA.

Since its inception in 2007, the China-Pakistan FTA has brought more business opportunities and convenience to enterprises of the two countries, and delivered more benefits to consumers of the two countries. The bilateral trade value maintained rapid growth, increasing from US$6.9 billion in 2007 to US$16 billion in 2014 with an annual growth of about 15.3%.

On April 8, 2015, the Circular of the State Council on Issuing the Overall Plan of the China (Fujian) Pilot Free Trade Zone was issued

The Overall Plan of the China (Fujian) Pilot Free Trade Zone was approved by the State Council and issued.

On April 21, 2015, China (Tianjin) Pilot Free Trade Zone was officially launched

At 10:00a.m. on April 21, the China (Tianjin) Pilot Free Trade Zone was officially launched in the Tianjin Port Area under its administration. It is the first free trade zone north of the Yangtze River in China.

On April 22,2015, the Asian-African Summit was held in Jakarta

On April 22, the Asian-African Summit, which is part of the commemoration of the 60th anniversary of the Asian-African Conference in Indonesia, opened at the Jakarta Convention Center. Leaders from 34 Asian and African countries attended the summit. Indonesian President Joko Widodo, Chinese President Xi Jinping, Singapore Prime Minister Lee Hsien Loong, Japanese Prime Minister Shinzo Abe, and other leaders from Asian and African countries attended the meeting and delivered speeches.

On April 24, 2015, the 16th regular vice-ministerial meeting between the Ministry of Commerce of China and the Ministry of Economy, Industry and Trade of Japan was held.

On April 24, 2015, Chinese Vice Minister of Commerce Gao Yan and Vice Minister for International Affairs of Japanese Ministry of Economy, Industry and Trade (METI) Norihiko Ishiguro co-chaired the 16th regular vice-ministerial meeting between the MOFCOM and Japanese METI in Tokyo, Japan.

On April 24, 2015, the first work group meeting of the joint feasibility study of the China-Georgia Free Trade Zone was held

On April 24, 2015, the first work group meeting of the joint feasibility study of the China-Georgia Free Trade Zone was held. The two sides had an in-depth exchange of views on the working mechanism and division of work for the joint feasibility study, the framework and main contents of the study report, and the next step of work of the study.

In recent years, China-Georgia economic and trade cooperation has enjoyed sustainable and healthy development. In 2014, the bilateral trade volume reached USS960 million, and the non-financial direct investments from China amounted to US$530 million. China has become the third largest trading partner and the largest source of investment of Georgia.

On May 5, 2015, the Ministry of Commerce held the 2015 National Foreign Investment Work Conference in Beijing

On May 5, 2015, the Ministry of Commerce held the 2015 National Foreign Investment Work Conference in Beijing. The main tasks of the meeting are to implement the guiding principles of the 18th CPC National Congress, the third and fourth plenary sessions of the 18th CPC Central Committee and the Central Economic Work Conference, study and evaluate the current trend of foreign investment utilization, and make plans for foreign investment work in 2015. Assistant Minister of Commerce Wang Shouwen attended and addressed the meeting.

On May 5, 2015, the Ministry of Commerce released the Report on China’s Foreign Trade (Spring 2015)

The Ministry of Commerce released the Report on China’s Foreign Trade (Spring 2015) on May 5, 2015. The report reviewed China’s foreign trade performance in 2014 and in the first quarter of 2015. In 2014, China witnessed steady growth in foreign trade, with its share in the international market further improved, its status as a major trading country consolidated, its trade structure further improved, and the quality and benefits of trade increased. In the first quarter of 2015, against the backdrop of an overall decline in global trade, China’s exports maintained a momentum of growth, while imports fell significantly due to the sharp drop in import prices and the reduction in import volume of some major products.

On May 8, 2015, China and Russia issued the Joint Declaration on Construction of the Silk Road Economic Belt and Construction of Eurasian Economic Union.

On May 8, 2015, China and Russia jointly signed and issued the Joint Declaration on Construction of the Silk Road Economic Belt and Construction of Eurasian Economic Union, docking the Belt and Road Initiative with the Eurasian Economic Union strategy.

On May 25, 2015, the Ministry of Commerce and nine other departments jointly issued the National Plan of Circulation Node Cities (2015-2020).

On May 25, the Ministry of Commerce and nine other departments jointly issued the National Plan of Circulation Node Cities (2015-2020). The plan aims to speed up the construction of the national backbone circulation network and improve the functions of circulation node cities in order to give better play to the basic and guiding role of circulation and further unleash the consumption potential.

In accordance with the overall regional development strategies and other strategies including the Belt and Road Initiative, the coordinated development of the Beijing-Tianjin-Hebei region and the Yangtze River Economic Belt as well as the plans for new urbanization and nationwide main functional areas, the plan determines to establish a backbone system of circulation channels consisting of three vertical and five horizontal channels throughout the country from 2015 to 2020, with clear classification of circulation node cities at the national, regional, and prefecture levels. It also includes nine key tasks, i.e., improving the infrastructure along the circulation channel, building circulation facilities for public use, promoting IT development in circulation node cities, establishing commercial logistics parks, improving the common distribution network of the cities, developing national e-commerce demonstration bases, improving the function of border node cities as ports, promoting the appropriate cluster-based development of business in cities, and strengthening the implementation and promotion of standards in the circulation field.

On June 1, 2015, the Plan for Implementation of the Belt and Road Initiative of the Ministry of Transport (draft for renew) was reviewed and adopted

Minister of Transport Yang Chuantang chaired the meeting of the Ministry of Transport to review and adopt the Plan for the Implementation of the Belt and Road Initiative of the Ministiy of Transport (draft for review).

On June 1,2015, the Free Trade Agreement between the Government of the People’s Republic of China and the Government of the Republic of Korea was officially signed by governments of the two countries.

Chinese Minister of Commerce Gao Hucheng and the Minister of Trade, Industry and Energy of the ROK Yoon Sang-jick, on behalf of the governments of the two countries, officially signed the Free Trade Agreement in Seoul on June 1, and jointly met with journalists after the signing ceremony.

By that time, the Free Trade Agreement between China and tlie ROK covered tlie broadest range of topics and involved the biggest trade value among all free trade agreements that China had signed with other countries. It is a mutually beneficial and win-win agreement for China and the ROK. It has achieved the goal of “generally balanced, comprehensive and high-level benefits.” According to the agreement, in terms of opening-up, the hberalization level of trade in goods between the two sides exceeds 90% of all tax items and 85% of the total trade volume. The agreement covers 17 areas including trade in goods, trade in services, investment and rules, as well as “economic and trade topics in the 21st century” such as e-commerce, competition policy, government procurement, and the environment. At tlie same time, tlie two sides pledged to continue to conduct negotiations on trade in services in regard to a negative list after tlie signed agreement took effect and to conduct investment negotiations on the basis of pre-establishment national treatment and a negative list.

On June 8, 2015, the 19th round of China-US BIT negotiations started in Beijing

From June 8-12, 2015, the 19th round of China-US BIT negotiations was held in Beijing. During this round of negotiations, the two sides exchanged negative list bids for the first time, and officially launched the negotiations on negative lists, marking a new stage of the negotiations.

The China-US BIT negotiations began in 2008, and 19 rounds of negotiations had been conducted. In July 2013, both parties agreed to conduct substantive negotiations based on pre-establishment national treatment and negative lists. Both sides regard the negotiations as the most important issue in bilateral economic and trade relations, and are willing to invest all necessary resources for the negotiation with a view to reaching a win-win and high-level investment treaty.

On June 8, 2015, the first China-CEEC Investment and Trade Expo was held in Ningbo, Zhejiang Province

The first China-CEEC Investment and Trade Expo jointly sponsored by the Ministry of Commerce and the People’s Government of Zhejiang Province was held in Ningbo, Zhejiang Province. This is one of the important measures to implement the Belgrade Guidelines for Cooperation between China and Central and Eastern European Countries jointly issued by the leaders of China and 16 central and eastern European countries in December 2014. It is also the first comprehensive expo dedicated to investment and trade between China and Central and Eastern European countries.

On June 11, 2015, a joint ministerial statement was adopted at the seventh Greater Mekong Subregion Economic Corridors Forum

The seventh Greater Mekong Subregion (GMS) Economic Corridors Forum was held in Kunming, Yunnan on June 11. The forum held in-depth talks and reached extensive consensuses on topics such as implementation of the Strategy and Action Plan for the Economic Corridors, formulation of concept plans for specific pilot projects in the Economic Corridors, setting up a platform for cross-border e-commerce cooperation, promoting cooperation in transport and trade facilitation, and enhancing the development of the subregional economic cooperation area. The Joint Statement of Ministers of the Greater Mekong Subregion Economic Corridors Forum, the Action Guideline for Strengthening the Construction of the Economic Corridors Forum Mechanism, and the Framework Document of the Platform for Cross-Border E-Commerce Cooperation were adopted at the forum. The next forum will be held in Cambodia in 2016.

On June 15, 2015, the third meeting of the China-Uzbekistan Intergovernmental Cooperation Committee was held in Rizhao, Shandong Province

The third meeting of the China-Uzbekistan Intergovernmental Cooperation Committee was held in Rizhao, Shandong Province on June 15. During the meeting, China International Trade Representative and Vice Minister of Commerce Zhong Shan and Uzbekistan’s Minister of Foreign Economic Relations, Investment and Trade Elyor Ganiev jointly signed the Agreement on Expanding Mutually Beneficial Trademark and Economic Cooperation under the Framework of Silk Road Economic Belt.

On June 17, 2015, the China-Australia Free Trade Agreement was officially signed

Chinese Minister of Commerce Gao Hucheng and Australian Minister of Trade and Investment Andrew Robb officially signed the Free Trade Agreement between the Government of the People’s Republic of China and the Government of Australia on behalf of their own government in Canberra, Australia, on June 17. Australian Prime Minister Tony Abbott attended the signing ceremony. The China-Australia Free Trade Agreement negotiations started in April 2005 and lasted 10 years. Through the joint efforts of both sides, during his state visit to Australia in November 2014, Chinese President Xi Jinping and Australian Prime Minister Tony Abbott jointly confirmed and announced the substantive conclusion of the negotiations. The official signing of the agreement laid foundation for the two countries to carry out their respective domestic ratification procedures and bring the agreement into force as soon as possible.

On June 25, 2015, the China-Africa Regional Aviation Cooperation Forum was held in Beijing

On the afternoon of June 25, the China-Africa Regional Aviation Cooperation Forum, jointly sponsored by the Chinese Ministry of Commerce and the Civil Aviation Administration of China (CAAC), was held in Beijing. Vice Minister of Commerce Qian Kerning, Deputy Director of CAAC Wang Zhiqing, and Vice Chairman of China Air Transport Association Li Jiangmin attended and addressed the forum. Comoros Vice Minister of Transportation and Tourism, Vice Minister of Transport, Roads and Bridges of South Sudan, Permanent Secretary of the Ministry of Transport of Tanzania and President of African Civil Aviation Commission attended the forum and delivered speeches.

On June 28, 2015, Premier Li Keqiang attended the 17th China-EU Summit

At the invitation of Prime Minister Charles Michel of the Kingdom of Belgium, Prime Minister Manuel Valls of the Republic of France, and Secretary General Angel Gurria of the Organisation for Economic Co-operation and Development, Premier Li Keqiang of the State Council of China went to Brussels to attend the 17th China-EU Summit. He also made a stopover visit to Belgium and an official visit to France, and visited the headquarters of the Organisation for Economic Co-operation and Development.

On June 29, 2015, the Articles of Agreement of the Asian Infrastructure Investment Bank were officially signed

On June 29, President Xi Jinping met with heads of delegations attending the signing ceremony of the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB) at the Great Hall of the People. The signing of the Articles of Agreement of AIIB marked a historic step forward toward founding the AIIB, demonstrated the solemn commitment of all parties concerned, and embodied the practical actions of all parties concerned in the spirit of unity and cooperation, openness and inclusiveness, and common development.

On June 29, 2015, China and Europe organized activities to commemorate the 10th anniversary of China-EU Cooperation Dialogue on Intellectual Property Rights.

On June 29, during the 17th China-EU Summit, commemorative activities were held for the 10th anniversary of the China-EU Intellectual Property Dialogue Mechanism in Brussels. Chinese Assistant Minister of Commerce Tong Daochi, on behalf of Minister of Commerce Gao Hucheng, attended the meeting and made a speech, together with the Trade Commissioner Cecilia Malmstrom of the European Commission. Both sides decided to upgrade the China-EU Intellectual Property Dialogue Mechanism to the vice-ministerial level.

On July 8, 2015, President Xi Jinping visited Ufa, Russia, to attend the seventh BRICS Summit, July 8-9, and the 15th meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) on July 9-10.

At the invitation of President Vladimir Putin of the Russian Federation, President Xi Jinping went to Ufa, Russia, to attend the seventh BRICS Summit and the 15th meeting of the Council of Heads of State of the SCO on July 9 and 10.

On August 3, 2015, the fifth meeting of the second phase of China-Pakistan FTA negotiations was held in Islamabad

During August 3-5, the fifth meeting of the second phase of China-Pakistan FTA negotiations was held in Islamabad, the capital of Pakistan. The two sides had talks on topics concerning the tax reduction models for trade in goods during the second phase, further expanding trade in services, cooperation on customs data exchange and inspection and quarantine measures for some products imported from Pakistan. Positive progress was made in the negotiations.

On August 23, 2015, the 14th China-ASEAN (10 + 1) Economic and Trade Ministers’ Meeting was held in Kuala Lumpur, Malaysia

On the morning of August 23, the 14th China-ASEAN (10 + 1) Economic and Trade Ministers’ Meeting was held in Kuala Lumpur, capital of Malaysia. Gao Hucheng, Minister of Commerce of China, led a delegation to attend the meeting, emphasizing that in accordance with the principle of “extensive consultation, joint contribution and shared benefits,” China is willing to cooperate with ASEAN countries to continue to promote the construction of the 21st-century Maritime Silk Road, strengthen connectivity and cooperation, build a closer community with a shared future, implement the consensus of the leaders, and complete the upgrading of China-ASEAN FTA negotiations on schedule.

On August 25, 2015, a memorandum of understanding was signed for cooperation between China provinces and the state of Michigan, USA.

On August 25, China International Trade Representative and Vice Minister of Commerce Zhong Shan met with Governor Rick Snyder of Michigan, USA, in Beijing and the two signed the Memorandum of Understanding of Trade and Investment Joint Working Group between China Provinces and US Michigan.

On August 31, 2015, China and Laos signed the Joint General Scheme of the Mohan-Boten Economic Cooperation Zone.

On August 31, 2015, in the presence of Chinese President Xi Jinping and Laotian President Choummaly Sayasone, Chinese Minister of Commerce Gao Hucheng and Laotian Deputy Prime Minister Somsavat Lengsavad officially signed the Joint General Scheme of the Mohan-Boten Economic Cooperation Zone on behalf of the two governments.

On September 8, 2015, China and the Maldives signed the Memorandum of Understanding on Launching FTA Negotiation.

The second meeting of the China-Maldives Joint Committee of Economy and Trade was held on September 8 in Kuramba, Maldives. After the meeting, the two sides signed the Memorandum of Understanding on Launching China-Maldives FTA Negotiations.

The meeting was co-chaired by Chinese Vice Minister of Commerce Gao Yan and Maldivian Minister of Economic Development Mohammed Saeed. The two sides had an in-depth exchange of views and reached extensive consensuses on expanding bilateral trade and investment cooperation, launching China-Maldives FTA negotiations, strengthening infrastructure construction cooperation and promoting human resources cooperation.

On September 11, 2015, the Summer Davos World Economic Forum concluded in Dalian

During September 9-11, the Summer Davos Forum 2015 was held in Dalian, Liaoning Province. The Summer Davos, which is short for the Annual Meeting of the New Champions, mainly serves companies ranking 501 to 1,000 in the world. In other words, it features dialogues between Fortune Global 500 enterprises and growth-oriented enterprises with the greatest potential for development and between governments of countries and regions. The theme of Summer Davos 2015 was “charting a new course for growth.’’ The event attracted more than 1,700 elites from more than 90 countries, including more than 900 business leaders, 40 technological pioneers, 150 leading scholars, 120 young leaders and outstanding young people, 45 young scientists and 60 social entrepreneurs from around the world.

On September 18, 2015, the 12th China-ASEAN Expo was successfully held in Nanning, Guangxi

The 12th China-ASEAN Expo was successfully held in Nanning, Guangxi during September 18-21. According to statistics from relevant departments, during the 2015 China-ASEAN Expo and the China-ASEAN Business and Investment Summit, the exhibitors from various countries applied for 5,563 booths, 21% more than what was planned. Up to 2,207 exhibitors participated in the expo, setting up a total of 4,600 booths. Among them, 1,296 booths were for exhibitors from the 10 ASEAN countries and countries beyond the China-ASEAN FTA, accounting for 38.1% of the total. The expo and the summit attracted 65,000 exhibitors and 85 buying missions. The number of participants exceeded 520,000.

On September 22, 2015, the Seminar on Economic and Trade Cooperation between Chinese Provinces and the U.S. States was held in Seattle

On September 22, during President Xi Jinping's state visit to the United States, the Chinese Ministry of Commerce and the government of Washington State of the U.S. co-hosted the Seminar on Economic and Trade Cooperation between Chinese Provinces and the U.S. States and the Establishment Ceremony of the Joint Work Group of Trade and Investment Cooperation between Chinese Provinces and the Washington State. China Deputy International Trade Representative Zhang Xiangchen of the Ministry of Commerce and the Lieutenant Governor Brad Owen of the Washington State attended the opening ceremony and delivered speeches.

On September 25, 2015, China and the United States signed the Memorandum of Understanding on Development Cooperation

On September 25, during President Xi Jinping's state visit to the United States, Chinese Minister of Commerce Gao Hucheng and head of the United States Agency for International Development Alfonso Lenhardt signed the Memorandum of Understanding between the Chinese Ministry of Commerce and the United States Agency for International Development on Development Cooperation and Establishing Communication Mechanism in Washington. This raised the level of communication and cooperation between the two countries in the field of international development and enriched the connotation of China-U.S. bilateral relations.

On September 25, 2018, the SCO Countries Trade & Investment Promotion Conference 2015 was held in Xi’an

On the morning of September 25, 2015, the SCO Countries Trade & Investment Promotion Conference 2015, co-sponsored by the Ministry of Commerce and the Shaanxi provincial government, was held in Xi’an. Vice Governor of Shaanxi Province Wang Lixia attended and addressed the conference. More than 200 guests and business representatives from SCO member states, observer countries and dialogue partners attended the conference and made presentations.

On September 25, 2015, the China Western International E-Commerce Conference was held in Xi’an

On September 25, the China Western International E-Commerce Conference, a sub-forum of the Euro-Asia Economic Forum, was held at Xi’an International Trade & Logistic Park. More than 300 guests, including officials from relevant departments, representatives of excellent domestic and foreign e-commerce enterprises, experts from the industry and scholars relating to the e-commerce industry gathered in the inland port city of China to discuss the “new opportunities for e-commerce in the west." On the same day at the meeting, agreements on nine major projects were signed, including a strategic cooperation agreement between JD Group and the municipal government of Xi’an to jointly promote the development of e-commerce in Xi’an.

On September 26, 2015, President Xi Jinping attended the United Nations Sustainable Development Summit at the United Nations headquarters in New York.

On September 26, President Xi Jinping attended the United Nations Sustainable Development Summit at the United Nations headquarters in New York and delivered a speech entitled “Towards a Mutually Beneficial Partnership for Sustainable Development.” He also attended a series of events marking the 70th anniversary of the founding of the United Nations in New York, where he proposed to “make China’s voice heard and to pursue common progress and sustainable development of mankind.”

On September 26, 2015, the Euro-Asia Economic Forum concluded

On 26 September, 2015, the Euro-Asia Economic Forum 2015, which attracted a lot of attention, was concluded in Xi’an after completing its agenda. The forum attracted 2,180 participants from the political, business and academic circles of 53 countries and regions to its 56 meetings and activities in 28 areas and reached important consensuses. The forum led to the launch of the Belt and Road Science and Technology Park strategy, promoting and leading to the signing of contracts for a number of major projects. In particular, the SCO Countries Commodity Exhibition attracted wide attention.

On September 28, 2015, the fifth China-EU High-level Economic and Trade Dialogue was held in Beijing

On September 28, Chinese Vice Premier Ma Kai and Vice President of the European Commission Jyrki Katainen co-chaired the fifth China-EU High-level Economic and Trade Dialogue in Beijing. Ma Kai and Jyrki Katainen jointly attended the signing ceremony of relevant documents and the joint press conference.

On October 16, 2015, the second phase of China-Pakistan FTA negotiations was held in Beijing

During October 14-16, the second phase of China-Pakistan FTA negotiations was held in Beijing. The two sides had talks on the model of tax reduction for trade in goods, expanding trade in sendees, Pakistan’s regulation tax, direct transportation from the origin country and the cooperation on exchange of customs data, and other topics.

On October 21, 2015, China and the UK signed two memorandums of understanding on local trade and investment cooperation and development cooperation.

On October 21, 2015, in the presence of President Xi Jinping and British Prime Minister David Cameron, Chinese Minister of Commerce Gao Hucheng and British Secretary of State for Business, Innovation and Skills Sajid Javid and British Secretary of State for International Development Justine Greening signed the Memorandum of Understanding between Chinese Ministry of Commerce and Department of Business, Innovation and Skills of the United Kingdom of Great Britain and Northern Ireland on Strengthening Bilateral Local Trade and Investment Cooperation and the Memorandum of Understanding between Chinese Ministry of Commerce and Department of International Development of the United Kingdom of Great Britain and Northern Ireland for a Partnership to Enhance Development Cooperation and Achievement of the Goals of Sustainable Development. The former of the two was the first MOU signed between China and an EU country to strengthen economic and trade cooperation on the local level.

On November 5, 2015, the Ministry of Commerce issued the Report on China’s Foreign Trade (Autumn 2015)

On November 5, 2015, the Ministiy of Commerce issued the Report on China’s Foreign Trade (Autumn 2015) (hereinafter referred to as the Report). The Report reviews the performance of China's foreign trade in the first three quarters of 2015, and forecasts the development trend of China’s foreign trade for the rest of 2015 and the coming 2016.

On November 7, 2015, China and Singapore officially launched the third intergovernmental cooperation project

On November 7, 2015, during President Xi Jinping’s visit to Singapore, leaders of the two countries announced the official launch of the third China-Singapore intergovernmental cooperation project, targeted at western China. Chinese State Councilor Yang Jiechi, Singaporean Deputy Prime Minister Teo Chee Hean, Chinese Minister of Commerce Gao Hucheng and Singaporean Minister in the Prime Minister’s Office Chan Chun Sing signed the framework agreement and supplementary agreement on the construction of the project on behalf of the two governments. The launch of the project is one of the important achievements of President Xi Jinping’s visit to Singapore.

On November 10, 2015, the 18th meeting of the China-Russia Sub-Committee of Economic and Trade Cooperation was held in Beijing

On November 10, 2015, the 18th meeting of the China-Russia Sub-Committee of Economic and Trade Cooperation was held in Beijing. Chinese Minister of Commerce Gao Hucheng and Russian Minister of Economic Development Alexey Ulyukayev co-chaired the meeting. The two sides agreed to take joint measures to develop bilateral trade, expand market access, deepen cooperation on the local level, strengthen multilateral and regional cooperation, and promote the steady development of bilateral economic and trade relations.

On November 12, 2015, the fifth Meeting of the Joint Cooperation Committee on the Long-term Plan for the China-Pakistan Economic Corridor was held.

The fifth meeting of the Joint Cooperation Committee on the Long-term Plan for the China-Pakistan Economic Corridor was held in Karachi, Pakistan on November 12, 2015. The meeting focused on further implementing the outcome of President Xi Jinping’s visit to Pakistan in April 2015 to push ahead with the construction of China-Pakistan Economic Corridor. The meeting was co-chaired by chairmen of the Joint Committee from both sides, namely Vice Chairman Wang Xiaotao of China’s National Development and Reform Commission and Pakistani Minister of Planning and Development Ahsan Iqbal Choudhury. About 100 people from government departments, financial institutions and enterprises of both countries attended the meeting.

On November 16, 2015, President Xi Jinping attended the 10th G20 Summit iu Antalya, Turkey

During November 14-16, 2015, President Xi Jinping went to Antalya, Turkey, for the 10th G20 Sununit.

On November 16, 2015, the 27th APEC Ministerial Meeting was held in Manila, Philippines

On November 16 and 17, 2015, the 27th APEC Ministerial Meeting was held in Manila, Philippines. On behalf of Chinese Minister of Commerce Gao Hucheng, Vice Minister of Commerce Wang Shouwen attended the meeting and made a keynote speech on “Boosting Regional Economic Integration and Promoting Inclusive Growth.”

On November 17, 2015, the seventh meeting of the China-Tajikistan Intergovernmental Committee on Economic and Trade Cooperation was held in Beijing.

On November 17, the seventh meeting of the China-Tajikistan Intergovernmental Committee on Economic and Trade Cooperation was held in Beijing. China International Trade Representative and Vice Minister of Commerce Zhong Shan and Tajikistan’s Minister for Economic Development and Trade Nematullo Kliikmatullozoda co-chaired the meeting.

On November 22, 2015, a series of cooperation activities such as the China-US Entrepreneur Roundtable, Provincial-State and Inter-city Economic and Trade Cooperation Meeting, Seminar on Health Care Cooperation and Seminar on Agriculture and Food Cooperation were held in Guangzhou.

On November 22, a series of cooperative activities were held in Guangzhou, such as the China-US Entrepreneur Roundtable, Province-State and City-to-City Economic and Trade Cooperation Meeting, Seminar on Health Care Cooperation and Seminar on Agriculture and Food Cooperation. Chinese Vice Premier Wang Yang and U.S. Secretary of Commerce Penny Pritzker, U.S. Trade Representative Michael Froman, U.S. Secretary of Agriculture Thomas Vilsack, etc., attended the activities.

On November 22, 2015, Chinese Premier Li Keqiang attended the release of a joint statement of leaders on the Regional Comprehensive Economic Partnership Agreement.

Chinese Premier Li Keqiang attended the release of a joint statement of leaders on the Regional Comprehensive Economic Partnership Agreement (RCEP) at Kuala Lumpur International Convention Center on the morning of November 22. Leaders of the 10 ASEAN countries, the Republic of Korea, Japan, Australia, New Zealand and India attended the meeting. Malaysian Prime Minister Najib Razak introduced the content of the statement.

On November 22, 2015, China and the ASEAN concluded negotiations on upgrading the Free Trade Agreement and signed the Protocol on Upgrading.

On November 22, in the presence of Chinese Premier Li Keqiang and heads of state of the 10 ASEAN countries, Chinese Minister of Commerce Gao Hucheng and his counterparts from the 10 ASEAN countries signed the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation and Some of the Related Agreements between the People’s Republic of China and the Association of Southeast Asian Nations in Kuala Lumpur, Malaysia.

On November 23, 2015, the 26th meeting of China-US Joint Commission on Commerce and Trade was successfully concluded

During November 21-23, the 26th meeting of China-US Joint Commission on Commerce and Trade, co-chaired by Chinese Vice Premier Wang Yang, U.S. Secretary of Commerce Penny Pritzker and U.S. Trade Representative Michael Froman, was held in Guangzhou.

On November 24, 2015, the fourth Summit of Heads of Government of China and CEEC was held in Suzhou

On November 24 and 25, Premier Li Keqiang attended the fourth Summit of Heads of Government of China and CEEC and delivered a speech.

On November 24, 2015, the fifth China-CEEC Economic and Trade Forum was held in Suzhou

On November 24, 2015, during the Summit of Heads of Govermnent of China and CEEC, the fifth China-CEEC Economic and Trade Forum hosted by Chinese Ministry of Commerce was held in Suzhou as an important part of the Summit. Held in China for the first time, the forum was themed on “new beginning, new domains, new vision.” Premier Li Keqiang attended the opening ceremony and made a keynote speech.

On November 25, 2015, the 23rd round of China-US BIT negotiations was held in Washington, USA

From November 22-25, 2015, the 23rd round of negotiations on the China-US BIT was held in Washington, DC, USA. Both sides agreed to continue to implement the important consensuses reached by the leaders of the two countries at the negotiations and promote progress in the talks.

On November 26, 2015, President Xi Jinping met with the leaders of 16 central and eastern European countries who came to China to attend the Fourth Summit of Heads of Government of China and CEEC.

Chinese President Xi Jinping met with the leaders of 16 central and eastern European countries who came to China for the fourth Summit of Head of Governments of China and CEEC at the Great Hall of the People on November 26, 2015.

On November 29, 2015, the first meeting of the organizing committee of the Silk Road (Dunhuang) International Cultural Expo was held at the Great Hall of the People in Beijing.

On the morning of November 29, the first meeting of the organizing committee of the Silk Road (Dunhuang) International Cultural Expo was held at the Great Hall of the People in Beijing. It was announced that the first Expo would be held in Dunhuang City, Gansu Province, in 2016. The organization, staffing, work procedures and programs of activities of the organizing committee were deliberated and approved at the meeting, and it was decided that preparatory work would soon begin. Chinese Minister of Culture Luo Shugang presided over the meeting.

On November 29, 2015, the ninth China-Japan Energy Conservation and Environmental Pr otection General Discussion Forum was held in Tokyo

On November 29, Chinese Vice Minister of Commerce Gao Yan attended the ninth China-Japan Energy Conservation and Environmental Protection General Discussion Forum in Tokyo, Japan, and made a keynote speech.

On November 30, 2015, the first meeting of the China-ROK Industrial Park Cooperation Mechanism was held in Seoul

On November 30, the first meeting of China-ROK Industrial Park Cooperation Mechanism was held in Seoul, the Republic of Korea. Chinese Vice Minister of Commerce Gao Yan co-chaired the meeting together with ROK’s Vice Minister of Trade, Industry and Energy. Representatives from relevant government departments such as the Department of Commerce of Shandong Province, the Department of Commerce of Jiangsu Province, the Municipal People’s Government of Yantai, the Municipal People’s Government of Yancheng, Saemangeum Development Agency of South Korea and the Korean Ministry of Land and Transportation attended the meeting.

On November 30, 2015, the eighth round of China-EU Bilateral Investment Treaty negotiations was held in Brussels, Belgium

On November 30, the eighth round of negotiations on China-EU Bilateral Investment Treaty was held in Brussels, Belgium. It lasted five days. The two sides strived to meet the goal of “reaching consensus on the scope of agreement by the end of 2015 and forming a text for negotiation” set by the leaders of both sides.

On December 3, 2015, the BOC OBOR RMB index was launched

On December 3, while Renminbi was added to the IMF Special Drawing Rights (SDR) basket, the Bank of China launched the BOC OBOR RMB index and sub-indices. It is the first composite index in the global financial market to track the change of effective exchange rate of RMB against currencies of BRI countries and regions.

On December 3, 2015, the sixth Ministerial Conference of the Forum of China-Africa Cooperation was held in Pretoria, South Africa

On December 3, the sixth Ministerial Conference of the Forum of China-Africa Cooperation was held in Pretoria, South Africa. Chinese Minister of Commerce Gao Hucheng attended the meeting and made a speech, stressing that China’s new economic and trade measures announced at the fifth Ministerial Conference of the Forum had been fully implemented as scheduled, and the new measures that would be announced by President Xi Jinping to strengthen practical cooperation between China and Africa over the next three years would be worth the wait.

On December 10,2015, China and Georgia officially launched FTA negotiations. China and Georgia officially began negotiations on a free trade agreement on December 10. Following the seventh meeting of the China-Georgia Intergovernmental Economic and Trade Cooperation Commission, China International Trade Representative and Vice Minister of Commerce Zhong Shan and the Minister of Economy and Sustainable Development of Georgia Dimitri Kumsishvili signed the Memorandum of Understanding between the Ministiy of Commerce of the People’s Republic of China and the Ministry of Economic Affairs and Sustainable Development of Georgia on Launching China-Georgia Free Trade Agreement Negotiations, officially launching China-Georgia FTA negotiations.

On December 15, 2015, China joined the European Bank for Reconstruction and Development, which will greatly facilitate the coordination between the Belt and Road Initiative and European investment plans.

On December 15, the Council of the European Bank for Reconstruction and Development (EBRD) approved a resolution to accept China as its member. China will officially become a member of the bank after completing legal procedures at home. Founded in 1991, the London-based EBRD is one of the most important development financial institutions in Europe.

On December 15, 2015, the 10th WTO Ministerial Conference was held in Nairobi, Kenya

During December 15-19, 2015, the 10th WTO Ministerial Conference was held in Nairobi, Kenya. Chinese Minister of Commerce Gao Hucheng led the Chinese delegation to the event. The Chinese delegation included people from the Ministiy of Commerce, the Ministry of Foreign Affairs, the National Development and Reform Commission, the Ministiy of Finance, the Ministry of Agriculture, the General Administration of Customs, the Export-Import Bank of China and China’s Permanent Delegation to the WTO.

On December 27, 2015, the National Commercial Work Conference was held in Beijing

On December 27, 2015, the National Commercial Work Conference was held in Beijing. The main tasks of the meeting included: fully implementing the guiding principles of the 18th CPC National Congress, the third, fourth and fifth plenary sessions of the 18th CPC National Congress and the Central Economic Work Conference, summarizing the commercial work since the 12th Five-Year Plan period, and especially since the 18th CPC National Congress, analyzing in depth the domestic and global situations, studying and deploying the work in 2016, and clarifying the overall idea for business development in the 13th Five-Year Plan period. Gao Hucheng, Secretaiy of the Party Leadership Group and Minister of Commerce, made a work report.

 
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