Import Expo Seals Big Deals, Bright Future
Updated: 11 16,2022 Source:China IP News

Combined intent transactions over the span of a year amassed 73.52 billion USD, up 3.9% compared to the previous edition. Over 2,800 companies from 127 countries and regions attended the business exhibition. A record-high 438 new products/technologies/services made their global debut. The Fifth China International Import Expo (CIIE) drew to an end at the National Exhibition and Convention Center (NECC) Shanghai on November 10, accomplishing the set objectives with flying colors and exhibiting the charisma of the Chinese market and the country's determination on opening up to the world.

As the first national-level exhibition dedicated to export, the CIIE has become a gathering of global good stuff in the past five years with high-level opening-up, a window for China to construct a new development scheme, a platform for advancing high-level opening-up, an international public product for the entire globe to share, evolving the big Chinese market into a grand opportunity for the entire world.

Chinese government deserves a ton of credit in growing the CIIE into a booming force gathering global opening-up and cooperation with its actions in continued heightening of IPR protection and refinement of the climate for doing business. Highlights could be found all over this year's event with high-profile cutting-edge innovations, world-renowned brands, attractive traditional handicrafts known as intangible cultural heritage and potent on-site IPR services, injecting vigor for constantly boosting the country's high-level opening-up.

Friend network growing big

The number of Fortune 500 companies attending the business exhibiton hit 284, higher than the previous edition, and 90% were repeat patrons. The online country exhibition of the expo showcased products of 69 countries/international organizations, up 13%. It is not difficult to see with 145 countries, regions and international organizations in attendance, this year's friend network of CIIE is growing bigger along with more international influences.

New friends vie for spotlight while old friends keep giving warm appraisals. Numbers of attending countries and companies are not the only things on the rise, so do contents of exhibits and quality of products. Business exhibition's six themed areas like the ones for Food and Agricultural Products and Automobile displayed several hundreds of new products/technologies/services including consumer and agricultural products focusing on people's wellbeing, and top-notch medical and tech equipment laden with latest innovations.

Harsher protection

CIIE's door has been opening wider and wider in the past five years while IPR protection has become harsher and harsher. Laws and policies and government actions based on them have been instrumental for the success of the past events.

The Standing Committee of Shanghai People's Congress, on September 22, approved the Regulations on Shanghai Serving the CIIE, mentioning "Shanghai shall bolster IPR protection for the CIIE, facilitate global debut of new products/technologies/services." Following these instructions, Shanghai IP authority along with the event organizer established a protection and service desk during the event, staffed the desk, organized IPR consultation and handled IPR infringement complaints.

With the close escort of IPR, the future of the CIIE is going to be brighter, exhibiting China's confidence in refining the climate for doing business and determination for expanding opening-up. In this new era, China, with unwavering faith, is determined to create a better future for the mankind with countries around the world.