BRI NEWS 14 countries, China in third-party market cooperation

BRI NEWS

14 countries, China in third-party market cooperation

Xinhua

20:06, September 04, 2019

BEIJING, Sept. 4 (Xinhua) -- China has signed third-party market cooperation documents with 14 countries by the end of June to jointly build cooperation platforms for enterprises, China's economic planner said Wednesday.

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File photo: CGTN

To jointly push forward the construction of the Belt and Road Initiative, China has deepened international cooperation in production capacity, and carried out third-party market cooperation with other countries, including France, Japan, Italy and the United Kingdom, according to the National Development and Reform Commission (NDRC).

Third-party market cooperation refers to the economic cooperation between Chinese enterprises and enterprises of other countries in the third-party market.

As an open and inclusive international cooperation model, third-party market cooperation can help both Chinese enterprises and enterprises of various countries complement each other, promote the growth of the third country's industries, infrastructure and people's livelihood to achieve the effect of "one plus one plus one is greater than three," according to the NDRC.

Third-party market cooperation conforms to the historical trend of economic globalization, meets the realistic needs of open cooperation and interactive development of various countries, according to the NDRC.

In order to better serve enterprises in third-party market cooperation, the NDRC has issued a bilingual edition of Guidelines and Cases for Third-Party Market Cooperation in Chinese and English, listing 21 cases across five categories, including product service, investment cooperation and strategic collaboration. 

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