110th Canton Fair: A worldwide window for progressive China trade
GUANGZHOU, China (September 30, 2011) /PRNewswire/ — Participants at next month’s Canton Fair, set to open on October 15, can look forward to a range of unique events and services designed to make their experience in Guangzhou comfortable, informative and profitable. The 55th anniversary of China’s most prestigious trade event also coincides with the 10-year anniversary of China’s accession to the World Trade Organization (WTO), and a forum will be held to celebrate the auspicious occasion.
“Over the last decade China has made significant progress in opening up its market and developing crucial business ties with international business partners,” says Wang Zhiping, Secretary General of the Fair. “There have been tough times, but the evolution and continued success of this event epitomizes this progress.”
A barometer for Chinese imports and exports, the Canton Fair is one of the world’s most important trade events. The previous 109 sessions have drawn more than 6 billion buyers, with deals worth around US$900 billion concluded over the same period. Over 1 million buyers have been invited to the 110th session, with companies from both emerging and developed markets showing keen interest in participation.
Competition for Canton Fair booths has become increasingly fierce. Nearly 100,000 requests for booths were made online this time round, but only 58,000 confirmed. “The current policy of limiting expansion has enabled us to enhance the quality and professional level of the event,” says Liu Jianjun, Canton Fair spokesperson and Vice Director of China Foreign Trade Centre.
Boasting a dedicated import area with a specific high-tech focus, the 110th Canton Fair will help overseas companies to promote cutting-edge products and services. Technology will also play a vital role in facilitating trade at the event – from a multilingual call center to the Cantonbee Smartbadge (a one-click scanner which helps keep track of products), attendees are continually backed by smart support.
“From food and VIP lounges to technology and communications, I’ve witnessed constant improvement at the Canton Fair over the past seven years,” comments Mark Canales, an account manager from Texas-based United General Supply Co., Inc. “The quality and diversity of products is very good. I’d like to bring customers with me to the 110th installment – they wouldn’t believe their eyes.”
110th China Import and Export (Canton) Fair: October 15 – November 4, 2011