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Global Trade and Investment Promotion Summit 2024 calls for economic recovery and collaboration

CGTN

 , Updated 18:48, 14-May-2024
The Global Trade and Investment Promotion Summit 2024 opened in Beijing, China, May 13, 2024. /CCPIT
The Global Trade and Investment Promotion Summit 2024 opened in Beijing, China, May 13, 2024. /CCPIT

The Global Trade and Investment Promotion Summit 2024 opened in Beijing, China, May 13, 2024. /CCPIT

The Beijing Initiative of the 2024 Global Trade and Investment Promotion Summit was released on Monday in Beijing. The initiative called on accelerating world economic recovery through the WTO-centered multilateral trading system and maintaining the stability and smooth flow of industrial and supply chains through strengthening industrial specialization and collaboration.

With the theme of "Mutual Trust and Cooperation: Navigating through Profound Changes," the summit was organized by the China Council for the Promotion of International Trade (CCPIT). Representatives from both trade and investment promotion agencies and business communities reached a series of consensus following extensive discussions.

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The Beijing Initiative also proposed to advance artificial intelligence (AI) exchanges and cooperation in embracing the transformative force of AI, foster green and low-carbon development, and nurture mutually-beneficial and win-win business partnerships.

The summit served as a platform for global business communities to jointly address global issues, safeguard the multilateral trading system and resolve structural problems that hinder the healthy development of the world economy.

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Foreign officials, heads of international organizations and economic institutions, among many others, attended the summit.

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