On March 18th, the "Zhejiang Enterprises Going Global" China (Zhejiang) - Indonesia, Thailand Economic and Trade Forum, hosted by China Council for the Promotion of International Trade Zhejiang Provincial Committee (CCPIT Zhejiang) and organized by China Chamber of International Commerce Zhejiang Chamber of Commerce (CCIOC Zhejiang), was held in Hangzhou. At the forum, representatives of enterprises discussed the challenges and opportunities faced by enterprises when going global.

During the business environment promotion section, Berlianto Situngkir, Consul-General of Indonesia in Shanghai and Donlaporn Ajavavarakula, Director of Thailand Board of Inverstment (BOI) Shanghai Office, introduced respectively the the business environment and relevant services and preferential policies of investment of the two countries.

Among them, the preferential policies introduced by the Thailand Board of Investment (BOI) are particularly eye-catching. From corporate income tax exemptions and reductions, import equipment tariff exemptions to allowing foreign investors to hold land ownership, it provides strong support for enterprises in high-tech, new energy, digital economy and other fields. For instance, BOI can provide a maximum of 8 years of full corporate income tax exemption for eligible projects, which can also be combined with a policy of halving the tax for 5 years.

How can Indonesia and Thailand be selected by enterprises as the preferable investment destinations in Southeast Asia to expand the global industrial landscape? During the panel discussion, representatives of Zhejiang enterprises who took the lead in "going global" shared their successful experiences. Wang Xianning, Deputy General Manager of Zhongce Rubber Group Co., Ltd., said that in recent years, the trend of enterprises going global together has become more popular, which is increasingly beneficial to the global layout of Zhejiang enterprises. You Jia, Director of Overseas Business of Boduo Holdings Group, said that currently the company is strategically positioning itself in the global expansion of raw materials and supply chains to seize market opportunities. Chen Ying, Vice President of Huayou Holdings Group said that the company has consolidated the resource foundation of the integrated industrial structure by developing the nickel industry sector in Indonesia.

Chen Jianzhong, Chairman of China Council for the Promotion of International

Trade Zhejiang Provincial Committee, China Chamber of International Commerce Zhejiang Chamber of Commerce, said that taking this forum as an opportunity, CCPIT Zhejiang and CCOIC Zhejiang will continuously carry out the "Zhejiang Enterprises Going Global" trade and investment promotion special action, pooling the forces of the government, society and the market to provide all-round services for enterprises going global, and continuously promoting the construction of a high-level open economy and a strong province with high-level openness.