Estonia-China Business Forum held in Tallinn

On May 31, Estonia-China Business Forum jointly organized by China Council for the Promotion of International Trade (CCPIT) and The Estonian Chamber of Commerce and Industry (ECCI) was held in Tallinn. More than 90 entrepreneurs from China and Estonia attended the forum, exploring investment and trade opportunities for win-win cooperation.

  

Chinese Ambassador to Estonia Mr. Qu Zhe addressed the opening of forum. He gave an overview on China's economic reform in recent years and future development plan that will bring many opportunities for domestic and foreign companies. "In the next five years, China is expected to import 8 trillion US dollars of goods, and Chinese tourists will make 700 million overseas visits. China is also among the largest providers and receivers of foreign direct investment. It is expected to attract 600 billion dollars of foreign investment and make 750 billion dollars of outbound investment in the next five years. All of these will create enormous opportunities for companies both at home and abroad", said the Ambassador. He was satisfied with the economic and business cooperation between China and Estonia in recent years and said the 16+1 Cooperation and Belt and Road Initiative have created new platforms for closer cooperation. He hoped companies from both countries will make full use of the existing platforms and tap the potential for win-win cooperation. The Ambassador also shared his views on further promoting practical cooperation between Chinese and Estonian companies.

  

Chairman of CCPIT Mr. Jiang Zengwei said in his speech that there is great potential for practical cooperation between China and Estonia in terms of trade and investment. He suggested the two countries work closely to dock development plans, enhance coordination and strengthen cooperation in digital economy, infrastructure development, information technology and logistics. He affirmed that the CCPIT is ready to build stronger relationship with Enterprise Estonia and Estonian Chamber of Commerce and Industry as well as other partners in Estonia to facilitate practical cooperation between Chinese and Estonian companies.

  

The Director General of ECCI Mr. Mait Palts welcomed the CCPIT delegation and said that Estonian and Chinese companies have their own strength, advantages and experience in different sectors, which can lead to mutually beneficial cooperation. He was satisfied with the good momentum for business cooperation between Estonian and Chines companies and hoped business forum like this will open more doors for companies from both countries to trade and invest. Representative from ECCI also gave an overview on digital service that Estonia provides.

At the opening session, CCPIT and ECCI signed a MOU for cooperation. Representatives of Chinese and Estonian companies shared their insights and experiences, followed by Business-to-Business meetings. The CCPIT also signed a MOU with EAS visited Mugga Port.

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