The China International Fair for Trade in Services, or CIFTIS, is an annual event that has been held in Beijing since 2012: It is the first comprehensive platform specializing in trade in services in the world, and it has become an essential event for global service trade negotiations and collaborations. However, many people wonder what the full English name of CIFTIS is and what the significance of the event is. This article aims to provide a comprehensive and professional perspective on the CIFTIS.

The Full English Name of CIFTIS

The full English name of CIFTIS is “China Beijing International Fair for Trade in Services.” The name reflects the nature of the event, which is an international trade fair for services held annually in Beijing, China. It is organized by the Ministry of Commerce of the People’s Republic of China, the National Development and Reform Commission of the People’s Republic of China, and the Beijing Municipal Government. The event aims to promote the development of the global trade in services and establish a comprehensive platform for international trade in services.

The Significance of CIFTIS

CIFTIS is an important platform for promoting international trade in services and enhancing global cooperation. The event provides a space for international exhibitors to showcase their services and products, and for visitors to explore new business opportunities. It also provides a platform for policymakers to engage in dialogue and negotiations on global trade in services.

CIFTIS covers a wide range of service industries, including finance, education, tourism, healthcare, and cultural services. It is a comprehensive platform for international cooperation in the service sector, and it promotes the development of the global service trade.

CIFTIS also plays a significant role in promoting China’s service trade development. As the world’s second-largest economy, China has been actively promoting its service trade development in recent years. CIFTIS provides an opportunity for China to showcase its achievements in service trade and attract foreign investment.

The History of CIFTIS

CIFTIS was first held in 2012 and has been held annually since then. The event has become an essential platform for promoting trade in services and enhancing global cooperation. Over the years, CIFTIS has attracted a large number of international exhibitors and visitors.

In 2020, CIFTIS was held both online and offline due to the COVID-19 pandemic. The online exhibition attracted more than 10,000 exhibitors from 153 countries and regions, and the offline exhibition had 1,000 exhibitors from 82 countries and regions.

Conclusion

The China Beijing International Fair for Trade in Services is an essential event for promoting international trade in services and enhancing global cooperation. Its full English name reflects the nature of the event, and its significance lies in promoting the development of the global trade in services and establishing a comprehensive platform for international trade in services. The history of CIFTIS reflects its growth and importance in the global service trade.

In conclusion, CIFTIS is a professional and significant event that promotes international cooperation and service trade development. It provides opportunities for exhibitors, visitors, and policymakers to engage in dialogue and negotiations on global trade in services.