A strategic cooperation framework agreement was signed between China Council for the Promotion of International Trade (CCPIT) and All-China Federation of Industry and Commerce.

The signing of the agreement was witnessed by CCPIT Chairman Jiang Zengwei and Party Secretary of All-China Federation of Industry and Commerce Xu Lejiang in Beijing on May 3.

According to the agreement, both sides will join hands to promote economic and trade cooperation and exchanges, to explore commercial legal services, to foster information sharing, research, training sessions, to push forward collaboration with local chambers of commerce and to jointly establish a communication and liaison mechanism.

Jiang Zengwei said, the cooperation between CCPIT and All-China Federation of Industry and Commerce will be conducive to both sides in the complement of each other’s advantages and sharing of resources and better serving outbound trade.

“CCPIT is willing to work with the federation to further explore cooperation fields based on this agreement so as to contribute to building a new open economic system,” added Jiang.

Jiang’s remarks were echoed by Xu Lejiang, who said that All-China Federation of Industry and Commerce is willing to cooperate with CCPIT to create a better environment for Chinese enterprises, especially the private ones in the Belt and Road construction.