Given the economic uncertainty in the U.S. and Europe, the Canton Fair has become a even more important platform for foreign companies seeking business opportunities and new areas for growth.
Canton Fair – the largest trade exhibition in China, attracts the best Chinese manufacturers and more than 2,000 foreign companies from over 50 countries including USA, Japan, Germany, Italy and the UK. In recent years the fair has adapted to the global economic crisis and opens up new opportunities for foreign and Chinese enterprises, as well as buyers.
“Restructuring the global economy also opens up opportunities for trade,” said Vice Minister of Commerce Zhong Shan in a recent speech, “When preparing for the Canton Fair, we must rely on scientific development and to comply with the policy of Sustainable development, make adjustment for trade patterns and support the balance of trade, take advantage of outlook and cope with difficulties.”
111th session of Canton Fair will be held at the perfect time for foreign enterprises – where the Chinese government decided to increase the volume of imports in order to equalize the balance of trade in the 12th Five Year Plan.
Kapretto Luigi, the owner of an Italian company Foccacia Tech, producing air-conditioners for individual orders, said his company has grown dramatically since 2004, when he first presented their products at Canton Fair. “At the Canton Fair, I met with many construction companies, architects and designers, and now I even have production facilities in China,” he said.
foreign buyers will also have plenty of opportunities to develop relationships with Chinese companies participating in the exhibition. Robert ZQB, president of Spectra Cina, Inc., said he first took part in an exhibition in 1994 and now annually purchases 50 million dollars. “In just 15 days you can see the best products from all over China – it’s like to go round the whole of China,” he said.
111th session of Canton Fair will be held from April 15 to May 5 in the complex of China Import and Export Fair in Guangzhou, China.