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SCC signs deal to access China’s multi-trillion-dollar Belt and Road Initiative.

[ 13-04-2018 ]

The Scottish Chambers of Commerce (SCC) has signed an historic Memorandum of Understanding with the China Chamber of International Commerce (CCOIC), opening  China’s multi-trillion-dollar, globe-spanning “Belt and Road” infrastructure programme to Scottish businesses.

 

The agreement, which was signed as part of the Belt and Road Trade & Investment Forum in Beijing, was reached on the eve of a 10-day SCC-led Trade Mission to Shenzhen, Beijing and Shandong Province. 

 

The B2B-focused mission, which builds on gains from a succession of SCC-led initiatives in Beijing and Shandong, is expected to deliver substantial trade agreements for participating Scottish businesses.      

 

China’s Belt and Road Initiative, a central policy of China’s President Xi Jinping is aimed at linking China to the West via a land and maritime infrastructure network across Eurasia. It is estimated to require between $4-$8 trillion of investment, and offer a wealth of business opportunities to non-Chinese companies. 

 

The 11-point Belt and Road MoU was signed by David Valentine MBE, SCC’s International Trade Ambassador for China and Mr Sun Xiao, Director General for Multilateral Cooperation with the China Chamber of International Commerce (CCOIC). The signing took place at the 2-day Belt and Road Trade & Investment Forum in the Diaoyutai State Mansion in Beijing, attended by around 500 Chinese officials, national leaders and business representatives from over 70 countries.

 

The agreement with SCC establishes a platform by which China’s government-led trade body will “provide information and support on trade and investment opportunities” to Scottish businesses “and assist them to overcome problems in international trade and economic cooperation.”

 

It establishes a pattern of regular meetings between SCC and CCOIC to promote economic co-operation and exchange regulatory, political and environmental information designed to facilitate access for Scottish companies, allowing them “to contribute to increasing business and trade associated with the Belt and Road Initiative.”

 

 

David Valentine said: “This is an historic agreement that will give Scottish businesses enhanced access to one of the most ambitious and visionary infrastructure plans of the modern era.  It marks a step change in the development of B2B links between Scotland and China. Forging relationships such as these is the key to improving Scotland’s share of UK trade with the world’s most populous nation.“  

 

Liz Cameron OBE, chief executive of Scottish Chambers of Commerce will on Saturday address a major international conference in Shenzhen, hosted by China’s key internationalisation body, the State Administration of Foreign Experts Affairs (SAFEA).

 

In her keynote speech to SAFEA’s Conference on the International Exchange of Professionals, Ms Cameron will praise the progress of Scotland’s commercial, educational and cultural links with China, and underline the attractions of Scottish high-end products and professional services to the Chinese market.

 

“The progress of our relationship will depend on the strength of inter-personal relations, and business-to-business organisations.” She will say.

 

For further information contact Charandeep Singh on 07984 495871 or Colin Donald on 07793 606901

 

 

 

NOTES FOR EDITORS

 

  • Photos of David Valentine MBE, SCC’s International Trade Ambassador for China and Mr Sun Xiao, Director General for Multilateral Cooperation with the China Chamber of International Commerce signing the Belt and Road Initiative deal here: Photo Link

 

  • The Scottish Chambers of Commerce Business Mission to China (13-22 April) includes 22 delegates from 12 businesses and organisations, and will visit Shenzhen, Beijing, and the cities of Yantai and Jinan in Shandong Province, the focus of SCC activities in China.

 

  • The China Chamber of International Commerce (CCOIC) is trading name of The China Council for the Promotion of International Trade (CCPIT) a trade body of the Chinese government founded in 1952. The CCPIT develops business cooperation and exchanges with foreign countries, produces economic data, and is involved with trade diplomacy and trade arbitration issues.

  • The Silk Road Business Council was created by CCOIC (CCPIT) as the council that will connect all of the Chambers, individual businesses and organisations that wish to collaborate in China’s Eurasian infrastructure vision. Also known as The Silk Road Economic Belt, the 21st-century Maritime Silk Road, and the One Belt and One Road Initiative, (OBOR), The Belt and Road, (B&R) , the strategy focuses on connectivity and co-operation and underlines China's desire to take a larger role in global affairs via a China-centred trading network

 

  • SAFEA is the body responsible for certifying “foreign experts” to work in China. Launched over 30 years ago, SAFEA is the bureaucratic expression of efforts to attract foreign expertise in pursuit of “reform and opening”. Over the years, programmes implemented by SAFEA have attracted  millions of foreign technicians and technocrats, junior and senior, hitherto mostly in the fields of science, technology and engineering.  

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