On December 17, Hubei Council for the Promotion of International Trade (CCPIT) and the Consulate General of Korea in Wuhan held a government-enterprise dialogue meeting for Korean enterprises in Hubei.

Yan Mengyun, deputy director of Hubei Council for the Promotion of International Trade (CCPIT), said that the CCPIT attaches great importance to the work of serving foreign-funded enterprises, and since the formation of the task force, it has coordinated and pushed forward the resolution of 147 foreign enterprises' demands. The next step will continue to play a functional role, strengthen the work measures, relying on three “1” (i.e., one special class - service to foreign-funded enterprises task force, one special topic - government-enterprise dialogue, one special - international business associations Jingjian). (i.e. one special class - service for foreign enterprises, one special topic - government-enterprise dialogue, and one special activity - Jingchu Tour of International Business Associations), we will set up more dialogue and exchange platforms between foreign enterprises and government departments, deepen the economic and trade cooperation between the two sides, and promote the foreign enterprises to “be in Hubei for the whole world”.

Consul General of the Consulate General of South Korea in Han, Mr. Ha Sung-ju, said that South Korea is the fourth largest trading partner of Hubei, and the bilateral trade volume in 2023 will reach 4 billion U.S. dollars. I hope to further strengthen communication and cooperation with relevant departments of Hubei Province to help optimize the business environment in Hubei, and attract more foreign enterprises, including Korean enterprises, to invest and grow in Hubei.

At the meeting, the Hubei Provincial Party Committee Foreign Affairs Office, the Provincial Development and Reform Commission, the Provincial Department of Commerce and other relevant departments of the provincial government were introduced on the friendly exchanges between Hubei and South Korea, the optimization of foreign-funded enterprises and government services, and the latest policies in the field of foreign investment and policy advocacy. In response to the suggestions and demands put forward by Korean enterprises such as Lexing Red Flag Cable, Lingyong Electronics and Philang Bio on tax incentives, talent recruitment, strengthening cooperation with state-owned enterprises and supervision of online sales platforms, the persons in charge of the relevant departments of Hubei Provincial Government and municipalities and states gave positive responses and answered the questions on the spot.