The,Belt&Road,Investment,in,Egypt,and,Romania,Seminar,was,successfully,held

　　“The Belt & Road” Investment in Egypt and Romania Seminar， sponsored by international trade office of CNTAC， China Textile Go Global Union and CCPIT TEX， was held in National Exhibition and Convention Center （Shanghai） in the afternoon on March 14th， 2018. This seminar focused on key cooperative countries in Africa and Central and Eastern Europe along The Belt & Road — Egypt and Romania — to conduct in-depth study on investment opportunities and challenges in Egypt and Romania textile industry.
　　This seminar invited Mahfouz M.T. Marzouk， vice chairman of Suez Canal Economic Zone in Egypt， Li Daixin， vice president of China-Africa Taida Investment Shareholding Co.， Ltd. and Aurelian Neagu， consul general of Consulate General of Romania in Shanghai respectively introduced investment policies and environment in Egypt and Romania textile and apparel industries as well as latest status and development plan of Suez Canal Economic Zone in Egypt and ChinaEgypt·Taida Suez Economic and Trade Cooperation Zone.
　　Xu Yingxin， vice president of CNTAC mentioned in his speech that， “the 19th National Congress of the Communist Party of China convened in October last year described beautiful development blueprint in the following 30 years in China and erected a programmatic flag for development of China textile industry. China’s economy in the new era has transited from high-speed growth stage into high-quality development stage”. “People’s increasing growing demand for beautiful life” is the core impetus promoting high-quality development within the industry. In the new historic stage， China textile industry has definitely confirmed new industrial localization “science and technology， fashion and green”， namely innovation-driven scientific and technology industry， responsibility-oriented green industry and cultureguided fashion industry. The Belt & Road Initiative has brought about new opportunities for China textile industry to “step out”， integrate global resources and realize high-quality development in this crucial period of China textile industry with historic changes. There are totally 65 countries and regions along the Belt & Road with 4.4 billion popu- lation and economic aggregate of USD 2，100 billion which occupies 29% of global economic aggregate， so it’s an important and non-negligible emerging market. In 2017， China’s Belt & Road construction entered a new stage featuring comprehensive and pragmatic cooperation， and trade investment cooperation continued to be deepened. In 2017， gross export of China textile and apparel reached USD 266.95 billion which increased by 1.53% year on year. In China’s textile and apparel export market structure， textile and apparel export in countries and regions along the Belt& Road occupied 33.36%， and the proportions in main traditional export markets Europe， America and Japan were 18.09%， 17.43% and 7.8% respectively. From the above data， it can be seen that with deepened promotion of the Belt & Road Initiative， the effect has gradually come into being. In 2017， China’s direct investment on countries along the Belt & Road reached USD 14.4 billion. Textile and apparel enterprises also actively carried out the Belt& Road Initiative and proactively started layout in these countries， not only in surrounding countries but also starting to extend to Central and Eastern Europe and Africa. Taking full advantages of advantages and natural endowment of related countries， these enterprises mastered advantageous resources in vertical industrial chain and enhanced their international competitiveness.

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