Foreign companies gear up as the second CIIE approaches
The
second China International Import Expo (CIIE), which is scheduled to run from
November 5 to 10 in Shanghai, will soon enter its 100-day countdown, while
anticipation runs high among prospective participants thanks to its huge
success last year.
This year’s
expo will be even larger and more diverse than the first, according to the new
layout the organizers released. A total of seven categories will be featured
and an outdoor exhibition area will also be included to accommodate more
exhibitions. As of June 25, up to 250 out of the Fortune 500 companies had
confirmed attendance, according to a report by comnews.cn.
Esteban
Pronato, head of mission from the Argentine Consulate General in Shanghai, said
on June 25 that Argentina is looking forward to establishing stronger trade
relationships with China, especially for the export of agricultural products
from Argentina.
According
to Pronato, the main product from Argentina during the first CIIE was wine, but
this year Argentine companies are bringing a wider variety of products such as
fresh fruits, beef and dairy products.
“Argentina
is a country with many excellent agricultural products to offer, but we couldn’t
enter the Chinese market before,” Pronato told the Global Times. “Now the governments in both countries are
building the bridge that enables more Argentine products to be exported to
China. It will be a great stimulus to Argentina’s economy.”
Many
Argentine companies that attended the first CIIE have decided to come back
thanks to last year’s huge success. “We have high hopes for the CIIE and we
hope to maintain the good relationship and bring it to the next level,” Pronato
said. “This year we are going to bring more companies here and our pavilion
will be double the size of last year.”
Li Haichao,
CEO of Scandic Food Asia, a company that aims to export Scandinavian food to
the Asian market, said that thanks to the spillover effects of CIIE in 2018,
the companies are prepared to sign even more deals this year.
“Last
year many Scandinavian companies benefited from the expo not only itself but
from its aftereffects. Some of our clients heard about the success and came to
Shanghai even after the expo ended,” Li said.
“Last
year we signed about 2 million euros ($2.2 million) worth of contracts, and
this year the figure is expected to reach 3 to 5 million euros.” Scandinavian
companies, whose exports to China include food, furniture and decorations, are
eyeing the Chinese market with great anticipation. “We provide four training sessions a year
back in Sweden on doing business with China,” Li said. “Companies are very
eager to learn about the opportunities, especially CIIE.”
Source:Global Times
People take photos at the square
of CIIE venue. (Photo by Yang Hui from Global Times)
Foreign companies gear up as the second CIIE approaches
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