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Substantial Results Achieved in Smooth “Belt & Road” Trade at the Canton Fair

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The 19th National Congress has pointed out that we need to pursue the Belt and Road Initiative as a priority, give equal emphasis to “bringing in” and “going global”, follow the principle of achieving shared growth through discussion and collaboration, and increase openness and cooperation in building innovation capacity. With these efforts, we hope to make new ground in opening China further through links running eastward and westward, across land and over sea. As an important platform for foreign trade promotion, Canton Fair has been devoted to drive trade cooperation between China and “Belt & Road” countries, becoming a bond connecting trade and cooperation between China and B&R countries. Since the implementation of the initiative, Canton Fair has been deepening trade and cooperation with countries along the route and drive smooth trade and win-win development.

At the concluding press conference of the 122nd session of the Canton Fair, Xu Bing, Spokesperson of the Canton Fair and Deputy Director General of China Foreign Trade Centre, introduced the results achieved in implementing the “Belt & Road” Initiative.

Increased buyer attendance from B&R countries. In this session we have focused on B&R countries in marketing and invitation; both mail invitation and Internet Promotion Campaign focused on these countries. The number of buyers from countries in the “Belt and Road” Initiative stood at 84,445, up by 3.48% and accounting for 43.99% of the total. Pakistan, Thailand and Russia witnessed the greatest growth at 46.22%, 11.85% and 9.62% respectively. Among the top 10 buyer source countries and regions, there are 4 B&R countries, namely Thailand, India, Russia and Malaysia. In this session we’ve also organized 16 national delegations from B&R countries such as the UAE and Russia to visit and source at the Fair, and received many government delegations from these countries.

Increased transaction with B&R countries. The transaction with the “Belt and Road” countries totaled 9.37 billion dollars, a year-on-year increase of 13.6% and accounting for 31.1% of the total. Exhibitors from industries such as building materials, large machinery, household electrical appliances, light industrial products, textile and garment, food etc said that B&R countries showed great market potential and strong sourcing demand and enjoyed significantly increased transaction.

Provide an open international trade platform for B&R countries to sell to the world. In the International Pavilion, we had attracted 341 companies from 17 Belt & Road countries. These exhibitors said that canton Fair is not only the most important trade platform for them to explore the Chinese market and export to China, but also an efficient international trade platform to share business opportunities with buyers from 213 countries and regions all over the world and sell to the world.

Hold “Belt & Road” thematic trade matchmaking activities. To boost trade cooperation with companies in China and the UAE, China Foreign Trade Centre together with the Ministry of Economy of UAE and CCCME held the “Belt & Road, Focus on the UAE” matchmaking event. 53 UAE companies and 80 Chinese companies attended the event with great results. According to the Ministry of Economy of UAE, the event will be a new starting point for both parties and that Canton Fair will serve as the platform to deepen China-UAE economic and trade cooperation and bring the bilateral relations to the next level.

(Canton Fair Press Center)