Trade between China and the countries of Central and Eastern Europe (CEE) has maintained a strong growth trend, and in 2020 the value of trade exceeded 100 billion dollars for the first time, said the director of the Center for Cooperation with Asian Countries, Zoran Spasic.
In an article for the Chinese Media Group (CMG), on the occasion of the second Fair of China and CEE countries, Spasic stated that on an annual level, bilateral trade between China and CEE countries increased by 50.2 percent and that China’s three largest trading partners are Poland, the Czech Republic and Hungary.
More and more European companies see a huge opportunity in trade and economic cooperation between China and CEE countries, while the construction of infrastructure attracts more investment in CEE countries and provides jobs to local communities. In addition to roads, bridges and the railway network, the direct air connection between China and CEE countries is showing an increasing tendency, the author states. In addition to infrastructure projects, trade and investment cooperation has expanded to several areas, such as forestry. China’s trade in forestry goods with CEE countries jumped from $ 1.37 billion in 2016 to $ 2.4 billion in 2019, with an average annual growth rate of 20.5 percent.
Spasic also points out that the Joint Chamber of Commerce of China and the CEE countries is an important part of that cooperation mechanism, whose work will be focused on economic and trade cooperation.
It is important to understand the essence of the mechanism of cooperation between China and CEE countries, the core is that without any political conditions, each country, completely equally, achieves the desired economic results, with the goal of strengthening the concept of community with a common future. In addition to the fact that China provides the most modern infrastructure projects, Chinese investors bring new knowledge and new technologies, which is of great economic and technological importance for development, said Spasić.