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CIFTIS boosts the rapid growth of Tibetan trade in services

In recent years, Tibet Autonomous Region has vigorously developed open service industries and parks, with a steady and rapid growth in import & export trade in services, continuous optimization of trade structure, and obvious regional characteristic advantages. According to statistics from the Ministry of Commerce, the volume of import & export trade in services of Tibet Autonomous Region in 2018 was USD150 million, a year-on-year increase of 15.4%, where the volume of export of trade in services was USD110 million, a year-on-year increase of 10%, and that of import of trade in services USD40 million, a year-on-year increase of 33.3%.


Cross-border tourism remains the main force in the development of Tibetan trade in services. In 2018, the volume of import & export of Tibet's tourism trade in services reached USD120 million, accounting for 80% of the region's trade in services. Trade in technical services has emerged as the new impetus for transformation and development. In 2018, the volume of import & export of intellectual property transactions in Tibet reached USD10 million, accounting for 6% of the region's total volume of import & export trade in services, and that of telecommunications, computer and information USD0.89 million. The "Cultural Export Base" has become a new platform for the integrative development of cultural tourism. In 2018, the "Tibetan Creative Park of Cultural Tourism" successfully applied for the construction of "Natural Cultural Export Base". In 2018, the volume of import & export of personal, cultural and entertainment trade in services in Tibet reached USD3.21 million, a 28-fold increase over the same period of last year, accounting for 2% of the region's total volume of import & export trade in services.


In fact, as the world's largest fair for trade in services, the CIFTIS has played a positive role in boosting the development of Tibetan trade in services. During the last CIFTIS, Lhasa organized high-profile delegations to participate in this CIFTIS in accordance with the deployment of the Tibet Autonomous Region Party Committee and the government. At the event site, Lhasa launched the latest achievements of opening up and cooperation and innovative development in six industrial sectors, namely, cultural tourism, green industry, modern service industry, fintech, pure land health and characteristic health industry of the plateau. Lhasa delegation also visited some enterprises in Beijing, held talks with private entrepreneurs to understand industrial innovation and technological changes, and introduced various investment preferential policies, superior resources and industrial projects in Lhasa. The promotion activities have yielded fruitful achievements, including a total of 47 signed projects and a total investment amount of 14.384 billion Yuan. Among them, 31 were officially signed, with a total investment amount of 7.757 billion Yuan, and 16 were proposed to be signed, with a total investment amount of 6.627 billion Yuan. The investment covers many fields of economic and social development such as pure land health, cultural tourism, infrastructure, modern services, and high-tech, laying a solid foundation for further promoting the cooperation between Lhasa and mainland China in various fields.


At present, Tibet Autonomous Region is promoting the construction of an important channel for opening up to South Asia. The Department of Commerce of the autonomous region will implement the relevant arrangements of the party committee and government of the autonomous region, and energetically develop characteristic trade in services with focus on key parks and export base construction and key enterprises to cultivate the new model and new form of trade in Tibet and build a new open pattern.