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China Council for the Promotion of International Trade
Chinese government trade body From Wikipedia, the free encyclopedia
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The China Council for the Promotion of International Trade (CCPIT), also called the China Chamber of International Commerce (CCOIC), is a trade body founded in 1952.[1][2] CCPIT is controlled by the Ministry of Commerce.[3][4]
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History
In response to the COVID-19 pandemic, CCPIT was charged with issuing force majeure certificates to Chinese companies unable to meet their contractual trade obligations.[5] In September 2023, CCPIT criticized the CHIPS and Science Act.[6]
Functions
The CCPIT develops business cooperation and exchanges with foreign countries and has long been associated with the Chinese Communist Party's united front strategy.[1][7][4] It is charged with organizing trade fairs and events in promotion of the Belt and Road Initiative.[8]
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References
External links
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