Guangdong to Introduce more International Cooperation
The Guangdong Provincial Economy and Trade Bureau is planning to create more international cooperation opportunities in the next ten years. The province will pilot cooperation programs with Hong Kong and Taiwan after a framework agreement is signed with the help of the World Trade Organization.
Guangdong will also place focus on their cooperation with the Pan Beibu Gulf regions and ASEAN countries especially in the places that are involved in trade, investment, technology and culture probably within the next ten years. Companies working in these areas will be given preferential policies.
The policies are aimed to be a safety net for trade, product safety, anti-monopoly measures and risk management. These policies will be made under the guidance of the World Trade Organization and will create a fair and open business environment for local and foreign companies and investors.
Guangdong’s economy has been developing rapidly over the past decade ever since China entered the World Trade Organization in 2001. In 2010 Guangdong’s total import and export volume had reached US$ 784 billion and foreign investments have reached US$ 154 billion.