Trade Mission to China: Positive and Promising Feedback

 September 12, 2018

Trade Mission to China / Photo via Monaco Economic Board


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As part of an official visit by HSH Prince Albert II to China for the inauguration of the Grimaldi Forum’s ‘Princes and Princesses of Monaco’ exhibition in the Forbidden City, the Monaco Economic Board (MEB) organised a Trade Mission to Beijing, 4 to 8 September, under the aegis of the Monaco Embassy in China.

A 40-strong delegation of economic stakeholders from the Principality seized this business development opportunity. They represented companies from diverse sectors, as well as public and public-private organisations (Tourism and Convention Authority, Princess Grace Hospital, Digital Communications Department), and included Chief Digital Officer in charge of digital transition, Frédéric Genta.

The business side of the program was on two days, starting 6 September with a forum when several agreements were signed.

  • Following the first agreement signed in 2015 with the Chinese Chamber of International Commerce (CCOIC), this time MEB signed one with the supervisory authority, China Council for the Promotion of International Trade (CCPIT). It further expands MEB networks to actively participate in development of business relations between the two countries.
  • SBM Offshore signed three collaboration agreements with ICBC Leasing, China Merchant Industry Holdings, and China Petroleum Technology and Development Corporation. Designed to strengthen ties between SBM Offshore and its partners, they serve to boost business, industry and financial exchanges with some of the most influential companies on the market.

This was followed by bilateral presentations, always useful towards a better understanding and an ideal prelude to the networking sessions. There were some very successful discussions, for example for private jet experts Boutsen Aviation who left having sold a jet and made numerous contacts. Yacht designer Espen Oeino was also satisfied, taking advantage of the occasion to promote a presence on this future market for yachts, still in the embryonic stage. Meanwhile, the Principality’s laboratories, Asepta and Exymol, used the mission to consolidate and boost their presence. In general, delegation members benefited from the many opportunities organised to firm-up contacts not only during the business sessions but also at events attended by HSH Prince Albert II.

Trade Mission to China / Photo via Monaco Economic Board

Other highlights, on Friday 7 September, Monaco Telecom signed a new agreement in the presence of the Prince with Huawei, global leader in the supply of fixed and mobile networks. The goal is to deploy 5G in the Principality, making it a showcase and European testing ground for this technology. Huawei invited the delegation to several demonstration workshops, including 5G and Smart City sessions, giving the visitors a glimpse of what will be possible in the very near future.

And finally, the trip was a chance to build on relationships already established, starting at the Shanghai World Expo in 2010. Trade Missions were then organised to Hong Kong and Shenzhen in 2013 and Beijing in 2015. MEB has also participated in several ‘Monaco Week in China’ events organised since 2014 in different Chinese cities by H.E. Mrs Catherine Fautrier, Monaco’s Ambassador to China.

For MEB Chairman Michel Dotta,

“This State Visit by HSH the Sovereign Prince to China, to open the Grimaldi Forum’s ‘Princes and Princesses of Monaco’ exhibition in the Forbidden City, was a fantastic opportunity for the various public and public-private companies present to promote the Principality. As for the MEB, this mission has benefited from the dynamic which has given a powerful boost to business relations between our two countries.”

Originally published at Monaco Economic Board

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