Jointly build a new future for digital trade

The China-Arab International Barter Center has officially set sail

At a historic moment when the restructuring of the world economic pattern is accelerating and the global trade rules are deeply changing, the innovative barter trade model is becoming an important engine to promote the high-quality development of international trade. On December 3,2024, In Shenzhen, the innovative highland of the Guangdong-Hong Kong-Macao Greater  Bay Area, The Hong Kong International Bartering Centre (International Barter Center Limited, "IBC") signed a strategic cooperation agreement with Dubai International Commerce Investment and Finance ("ICIF"), Officially announced the establishment of the China-Arab International Barter Center (China-Arab International Barter Center, "CAIBC" for short). Mr.Adel El Sayed, President of China-Arab Economic and Cultural Federation, attended the signing ceremony as the chairman of ICIF and the representative of the Federation to witness this milestone moment.

Innovation and breakthroughs in the new pattern of global trade

At present, the global economy faces many challenges: rising geopolitical risks, increasing global inflationary pressure, rising trade protectionism, and the testing of the traditional monetary settlement system. In this context, the new barter trade, with the new digital trade technology, can play the unique advantages of reducing currency dependence, optimizing resource allocation and promoting trade autonomy, and is becoming an important direction for the innovative development of international trade.

Work hands to create a new ecosystem of digital trade

The Hong Kong International Bartering Centre (IBC) is an innovative cross-border barter trade service organization based on Hong Kong and facing the world. Relying on the advantages of Hong Kong as an international financial center, the company integrates the trade and financial resources inside and outside the Greater Bay Area, and is committed to promoting the internationalization, digital transformation and high-quality development of the regional economy. IBC has the most extensive production resources in the Greater Bay Area and mainland China, covering electronics, machinery, chemicals, consumer goods and other fields. International Commerce Investment and Finance (ICIF) is a Dubai-based international investment and trade services agency with an extensive business network and deep political and business resources in the Middle East and North Africa. The company has long been committed to promoting the economic and trade exchanges between the Middle East and the global market, and has rich experience in bulk commodity trade, cross-border investment and other fields. Since its establishment in 2005, the China-Arab States Economic and Cultural Federation, as an important bridge connecting China and Arab States, has successfully organized major economic, trade and cultural exchanges such as Shenzhen Hi-tech Fair, Shenzhen Cultural Fair and China-Arab States Expo, making important contributions to promoting China Arab cooperation. As a well-known business leader in the Middle East, Mr.Adel El Sayed, President of the Federation, plays an important role in promoting economic, trade and cultural exchanges between China and Arab States.

Innovation and cooperation have opened up new strategic space
The China-Arab International Bartering Center (CAIBC) will focus on developing the following businesses:
1. Digital barter trading platform:
1. Use blockchain technology to ensure the security and transparency of transactions
2. Realize intelligent matching through artificial intelligence
3. Provide the whole process of online trading services
2. Key business areas:
1. Energy and minerals: oil, natural gas, mineral resources and other bulk commodities
2. Advanced manufacturing: new energy vehicles, photovoltaic equipment, construction machinery, etc
3. Infrastructure: project contracting, equipment supply, and technical services
4. Consumer goods and services trade: electronics, medical education,etc
3. Innovative financial services:
1. Digital stablecoin payment and settlement
2. Supply-chain financial support
3. Cross-border trade financing

Far-reaching significance and future prospects

At the signing ceremony, IBC President Xiong Bin said: " In the context of profound adjustment in the global trade pattern, barter trade is not only an innovation of trading methods, but also an important means to promote the fair development of international trade and balanced development of productivity. CAIBC will provide a more convenient and efficient service platform for China-Arab economic and trade cooperation through digital technology innovation." Chairman of ICIF and Chairman of China-Arab Economic and Cultural Federation Adel El Sayed stressed, " China and Arab countries are highly complementary in resource endowment and industrial structure. The establishment of CAIBC will open up new channels for deepening bilateral practical cooperation in energy, manufacturing, infrastructure and other fields, and help build a new pattern of more open and inclusive international trade.
The establishment of CAIBC has multiple strategic significance:
1. Promoting trade innovation: Reduce cross-border transaction costs and improve trade efficiency through digital barter trade
2. Promoting resource optimization: to realize the efficient allocation of superior resources in China and Arab states and promote industrial upgrading
3. Deepening financial cooperation: Innovating payment and settlement methods, and promoting innovation in cross-border financial services
4. Service "Belt and Road": to provide an innovative trade cooperation model for jointly building "Belt and Road"

A development blueprint for the future

CAIBC plans to be officially put into operation in the first quarter of 2025, and will be located in key markets in the Middle East and North Africa in stages. The platform will take bulk commodities and advanced manufacturing as the breakthrough point, gradually expand to technical services, culture and education and other fields, and build a digital barter trade network covering the "Belt and Road" line. In the new era of accelerated restructuring of the world economic pattern, the establishment of CAIBC will make a positive contribution to the upgrading of china-Arab economic and trade cooperation and the construction of a more fair and reasonable new international economic and trade order.
[contact way]
China-Arab International Bartering Center (CAIBC)

Shenzhen Operation Center: 2nd floor, Building 10, Qianhai Shenzhen-Hong Kong Youth Dream Workshop, Shenzhen

Hong Kong headquarters: Room 1607A, Fortune Commercial Building, 362 Sha Tsui Road, Tsuen Wan, Hong Kong

ubai headquarters: Meydan Grandstand, 6th Floor, Meydan Road, Nad Al Sheba,Dubai,U.A.E.
Tel.: + 852 68199909
Email address: [email protected]