CHINA / National

SME cooperation will make China, EU stronger

(Xinhua)
Updated: 2006-11-09 16:28

European Union (EU) Trade commissioner Peter Mandelson on Thursday called
for further cooperation between Chinese and European small and
medium-sized enterprises (SMEs), saying it will make both China and EU
stronger.

Mandelson made the remarks in a speech at the opening ceremony of the
EU-China Partenariat 2006 held on Thursday and Friday in Chengdu, capital
of southwest China's Sichuan province.

SMEs account for, respectively, 99 percent and 75 percent of the total
number of firms in EU countries and China, and will play a vital role in
future trade between China and European countries, the official said.

He expressed a keen interest in securing greater access to the Chinese
market for the EU's financial-service providers and SMEs.

Wan Jifei, Chairman of China International Trade Promotion Committee,
said good communication channels are essential to establishing and
developing economic relations between Europe and China. Trade fairs will
help China and EU promote business and market growth.

"SMEs are one of the principal driving forces in economic development due
to their flexibility and creativity," he said, urging firms to strengthen
cooperation in the sectors of high-technology, energy and environment
protection.

Chinese companies should attend international trade fairs to meet
overseas firms and get into international markets, said Giorgio
Magistrelli, secretary general of the EU Chamber of Commerce in China.

Trade fairs are a platform for information exchange and dialogue, and an
opportunity for Chinese SMEs to find European partners and enter the
European market, he said.

The EU-China Partenariat 2006 is the largest event in the history of
Sino-EU economic cooperation. 514 Chinese companies and more than 400
European companies are taking part.

During the two-day event, nearly 1,000 SMEs will carry out a total of
5,000 "speed-dating dialogues" to find grounds for working together.

The trade fair is jointly sponsored by the European Commission, the China
Council for Promotion of International Trade and the Sichuan provincial
government.

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