Xiamen FTZ aims to attract investment at CIFIT
The free trade area in Xiamen, which is part of the greater Free Trade Zone (FTZ) in Fujian province, will receive a total of 36 business delegations from across the globe as they participate in the 19th CIFIT to take place in the coastal city from Sept 8 - 11.
The FTZ administration will organize an event to introduce investment opportunities deriving from the Belt and Road Initiative on Sept 9, and the attendees will likely be witnessing the signing of a number of agreements.
The Xiamen FTZ administration is looking to strike deals with the Horgos economic development zone in Xinjiang Uygur autonomous region, and the accounting firm Deloitte.
The Horgos deal will enable comprehensive cooperation between the two sides in the fields of finance, transportation, logistics and trade; whilst the cooperation with Deloitte will involve the founding of a Deloitte University, which will aim to train highly-skilled professionals.
More deals will be signed to facilitate the development of video converting technology and the financial leasing of medical equipment, ships and planes; and priority will be given to increasing employment among disabled people in Xiamen.
According to Fujian Daily, the Xiamen FTZ is likely to sign a total of 41 cooperative agreements during the 19th CIFIT, involving a combined investment of 71.8 billion yuan ($11 billion) in the areas of aeronautical maintenance, international trade, professional services, education, health care, e-commerce, and fields related to the Internet Plus initiative.
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