2023 CIFTIS - Forum on Development of Trade in Services

A recording of these remarks provided by the organizer can be found on YouTube and Tencent Video

His Excellency Mr. Wang Shouwen, China International Trade Representative and Vice Minister of Commerce,

His Excellency Mr. Long Guoqiang, Vice President of Development Research Center of the State Council,

Excellencies,

Distinguished guests,

Ladies and gentlemen,

Let me begin by commending H.E. Wang and H.E. Long and H.E. You for their very insightful and important remarks just now. Let me also take this opportunity to commend the Government of China for hosting this significant event over the past few years.

The China International Fair for Trade in Services (CIFTIS) has evolved into a crucial platform. This event not only provides a window into the opening-up of China's service industry but also serves as a global stage where nations come together to deliberate and collaborate on the future of trade in services. In the three decades since its inception, CIFTIS has grown in stature, becoming a key international event in the promotion of a more interconnected and inclusive global trade landscape.

Today’s world is undergoing profound transformations, driven by technological advancements, shifting consumer preferences, and an increasingly interconnected global economy. Against this backdrop, I believe it is timely to delve deeper into the evolving landscape of trade in services as we chart a course that ensures continued prosperity.

Perhaps the most prominent trend that demands our attention is the pervasive influence of digitalization and technological innovation. In today’s interconnected world, the provision of services knows no borders. It is thus imperative for nations to harness the immense power of digital technologies to not only remain competitive, but to thrive in this evolving landscape.

Consider the transformative impact of digitalization on services such as e-commerce, fintech, telemedicine, and remote education. These sectors have undergone a profound evolution, altering the way services are delivered and consumed. They have not only bridged geographical distances but have also created entirely new paradigms for economic exchange.

To ensure the sustained growth of digital trade in services, several critical considerations must be addressed. First, the facilitation of cross-border data flows is paramount. Nations must work collaboratively to develop frameworks that facilitate the seamless and secure movement of data across borders while safeguarding privacy and security. Harmonized regulations are vital to provide a predictable and conducive environment for businesses engaged in digital trade. Additionally, international cooperation in the realm of cybersecurity is indispensable to protect the integrity of digital transactions and instill trust among consumers. Finally, people can only access digital technologies if they are able to access them, making it imperative we redouble our efforts to ensure that the 2.9 billion people globally who do not have access to the internet are also connected. This will open up new opportunities for them to escape poverty and improve their lives while creating many potential new consumers for companies in the digital landscape.

This leads us to the growing importance of inclusivity and sustainability in trade in services. Trade in services cannot become the exclusive domain of multinational corporations. Instead, it must provide opportunities for small and medium-sized enterprises and developing countries to participate actively and equitably in the global trade ecosystem.

The significance of inclusivity extends beyond economic considerations. It is about creating a world where opportunities are accessible to all, regardless of their size or geographic location. Inclusivity in trade in services can serve as a potent tool for reducing inequality, stimulating economic growth, and creating job opportunities.

Moreover, the need to align the development of the service economy with environmental, social, and corporate governance considerations and frameworks such as the Sustainable Development Goals (SDGs) cannot be overstated. Services such as renewable energy, green finance, and eco-tourism are not just economic sectors; they are the cornerstones of more open, sustainable and equitable markets. By prioritizing the development of environmentally sustainable services, we can simultaneously address global challenges and foster economic growth.

We must also acknowledge the necessity for resilience and adaptability in the realm of trade in services. In an era of rapid change and uncertainty, we must be prepared to navigate unforeseen challenges while adhering to the principles of openness, collaboration, and inclusivity.

The COVID-19 pandemic has exemplified this need for adaptability. Service sectors such as healthcare and education were forced to pivot rapidly to accommodate new demands. As we move forward, it is imperative that we build resilient service ecosystems capable of withstanding shocks and adapting to changing environments.

In this journey towards resilience, international cooperation is paramount. No nation can tackle the challenges of the evolving service landscape in isolation. We must collectively embrace the spirit of cooperation and collaboration to address shared challenges and harness opportunities.

The United Nations and its Country Team in China, as an advocate for international cooperation and sustainable development, stand ready to support such efforts.  

This year is the halfway point to the deadline set for achieving the 2030 Agenda for Sustainable Development and the SDGs. As Heads of State and Government soon gather in New York for the 2023 SDG Summit, it must be said that global progress has stalled, in the face of climate change, conflicts, rising poverty and inequalities. However, through bold collaboration and partnerships, we can mark the beginning of a new phase of accelerated progress on the SDGs.

But as UN Secretary-General Mr. António Guterres has said, we need to advance “a more robust embrace of the Goals, by businesses, local authorities and other actors.”

So, together, let us shape a future where trade in services benefits all nations, regardless of their size or stage of development, for a more prosperous, equitable, and sustainable world.

In navigating the evolving landscape of trade in services, let us remain steadfast in our commitment to openness, collaboration, inclusivity, and sustainability. These principles will guide us in building a future that enhances the well-being of all nations and peoples. This is the spirit of multilateralism.

I look forward to engaging in fruitful discussions and forging meaningful partnerships in the days ahead. Excellencies, ladies and gentlemen, you can count on the UN Country Team in China to be your active partner.

Thank you very much.