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The important note

The 15th CAEXPO will be held on:

Sep 12th-15th,2018 8:30-17:00 (Trade Days)

Sep. 15th,2018(Public Day)

The 10th CAEXPO

A Small Country with Great Ambitions

Source: CAEXPO Secretariat    Time:2015-08-19 16:27:21


The “mini country” Brunei will hold a “Brunei National Presentation Conference” during this Expo to actively promote its economic diversification. The conference will be themed with the fundamental realities of the country and tourism resources to discuss how to promote the mutual beneficial cooperation between Brunei and China concerning areas such as tourism project development and promotion, investment and construction of infrastructure projects, cooperation in agricultural science, R&D of Moslem products and cultural exchanges, etc. and further promote the development of bilateral economic trade cooperation.

Brunei occupies a national territorial area of 5700 square kilometers, accounting for one sixth of Hainan Province in China and has a population of about 400,000 with a simple national economic structure which is mainly based on oil and gas. In recent years, with a constant decline of the global recourses, Brunei actively carried out policies to promote economic diversification and privatization, vigorously develop upstream-downstream industries of oil and gas and promote the development of industries deriving from energy industry, striving to change the simplex economic structure with an overdependence on petroleum and natural gas.

The tariff in Brunei is very low with no capital gains tax, no individual income tax and an exemption of import tax on raw materials, machinery, equipment, spare parts and attachments, etc. Brunei has abundant tourism resources, characterized by tropical rain forests and pure and pleasant air as a “land of idyllic beauty” on Borneo. In addition to that, Brunei has the largest residential palace in the world—Sultanate Palace, the largest water borne village in the world, luxurious mosques, the six-star Empire Hotel &Country Club and top-level golf course.

This presentation conference will help Brunei open Chinese and periphery markets and further broaden its foreign trade and economic cooperation field. (Duan Bingjing)


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