On Oct. 21, CCPIT held signing ceremony with IDB on the welcome banquet of China-LAC Business Summit. Mr. Wan Jifei, Chairman of CCPIT and Mr.Luis Alberto Moreno, President of IDB signed cooperation Memorandum of Understanding on the ceremony. H.E. Bai Lichen, Vice Chairman of CPPCC, Mr. Wang Huaichen, Secretary General of CPC Sichuan Provincial Committee and Ms. Anabel Gonzalez, Minister of Foreign Trade of Costa Rica and entrepreneurs present witnessed the ceremony.

The Memorandum of Understanding is the first cooperation agreement between CCPIT and IDB, which declares that CCPIT and IDB will establish cooperation mechanism to provide better service for enterprises and to host trade promotion activities based on the needs of companies to promote trade and investment cooperation between China and Latin America.