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Belgium’s largest economic and trade delegation to China!

When it comes to Belgium, many people think of delicious waffle, a variety of exquisite buildings all over the country. However, although Belgium has a very small territory, about half the size of Guangzhou, the capital of Guangdong Province, China, it is one of the top 10 commodity importers and exporters in the world, with a highly developed economy and the headquarters of the European Union and NATO, so it is known as the “European Portal.”

Belgium's largest economic and trade delegation to China!
Belgium’s largest economic and trade delegation to China!

China and Belgium have maintained friendly trade contacts, according to Eurostat. In 2018, the bilateral trade volume of goods between China and Belgium reached US $26.12 billion, and the trade commodities included chemical products, mechanical and electrical products and base metals and products. Moreover, Belgium has been importing more than exporting in its trade with China. Faced with increased uncertainty about the global trade situation this year, Belgium said that strengthening economic cooperation with China is a new opportunity for Belgium and even Europe. November 17-22, Belgium’s largest economic and trade delegation arrived in China, and Beijing, Shanghai economy.  More than 70 agreements have been signed with Chinese partners during the exchange activities. According to statistics, the total size of Belgium’s economic and trade delegation reached 632, including 465 business representatives, which clearly represents Belgium’s determination to deepen economic cooperation with China.

While in China, the Belgian economic delegation not only discussed with China the Asian Infrastructure Investment Bank (AIIB), but will also participate in economic exchanges in a number of business areas, including cleaning, health care, life sciences, food, lifestyle and sports. Among them, China’s first new mode of international cooperation and third-party market cooperation will become the basic mode of infrastructure cooperation between Belgium and China. According to reports, “third-party market cooperation” refers to the mode of economic cooperation between Chinese and other countries’ enterprises in the third-party market. June 2015, China and France China first signed the Joint Declaration on third-Party Market Cooperation, with obvious economic results. Then, China signed memorandums of understanding with Belgium and nearly 10 European countries to strengthen third-party market cooperation.

Belgium's largest economic and trade delegation to China!
Belgium’s largest economic and trade delegation to China!

The key task of this delegation’s visit to China is to implement the specific articles of association that are more cooperative with the “third party market”. And because of the historical reasons, Belgium has a great influence in the river basin in the central part of Africa, and the cooperation between China and China will be beneficial to the actual landing of the Chinese project in Africa. The Belgian side also said that once the Chinese “third party market” model in Africa is feasible, the Chinese model will be considered to continue to be pushed to other regions.

China also revealed the successful experience of the model, a large photovoltaic project in Morocco, at a forum in Belgium. It is reported that in the landing of the project, China and Belgium have worked together, the advanced manufacturing capacity of Chinese enterprises, combined with Belgian advanced technology, rich market experience in Africa, and finally the photovoltaic project has been a complete success. In addition, in the business sector, the Belgian economic delegation is also very interested in China’s highly developed online sales. In this year’s November 11, Tmall set the world’s highest one-day transaction record of 268.4 billion yuan, and JD.com also rose against the trend, with orders reaching 204.4 billion during the double National Day holiday period. Yuan. The strong strength of Tmall and JingDong makes Belgian business representatives very interested, and will visit Alibaba and JingDong as an important goal of this economic exchange activity.

Belgium's largest economic and trade delegation to China!
Belgium’s largest economic and trade delegation to China!

On the other hand, because of the recent rise in China’s pig prices, a number of pork-exporting countries have made a lot of money, and in the meantime, Belgium has been rejected by the Chinese quality inspection because of the outbreak of 70 disease in the country’s live pigs last year. In order to restart the trade channel for China’s export of pork, Belgium has also participated in the clean-up technology seminar and the stockbreeding bio-safety seminar with China. It is reported that, at the meeting, in order to rebuild China’s trust in the Belgian pork, Belgium has not only introduced the overall health status of the live pig in Belgium, but also shared the prevention and control measures taken in the outbreak of live pigs, and even made a recommendation to China: to choose a sub-category The state of the continent, as a transit point for the transportation of Belgian pork to China. To ensure that pork quality can enter China.

However, since Belgian pigs only broke out last year, less than a year ago, China is unlikely to risk relaunching access to trade. You know, Russia is also because of an outbreak of disease in pigs last year, and 1 million tons of pork are still locked out of China. In addition, China’s wholesale pork prices have been falling for three weeks in a row, the domestic pork supply is no longer so tight. The wholesale price of pork fell 8.64 yuan, or as much as 16.5 percent, from 52.3 yuan per kilogram in early November to 43.66 yuan per kilogram last week, according to China’s Ministry of Commerce. It can be said that, Domestic pig price stability measures have taken effect, at a time when Belgian pork wants to re-enter the Chinese market is not that simple.

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