Global Sources to expand China Sourcing Fairs to Singapore in November 2010
-- Home Textiles Today, 1/12/2010 11:14:00 AM
Hong Kong – Global Sources is scheduled to hold its first China Sourcing Fair series of events in Singapore in November.
The event is scheduled Nov. 22 to 24 at the Suntec Singapore International Convention & Exhibition Centre, in cooperation with Fujian, China-based exhibiting company Fujian Huiyuan International Exhibition Co. Ltd.
The shows are positioned to facilitate trade between China and the Association of Southeast Asian Nations (ASEAN), which is currently China's fourth largest trading partner. China is currently the third largest trading partner of ASEAN.
"China and ASEAN are major trading partners, with bilateral trade reaching $150 billion in the first nine months of 2009," said Tommy Wong, president of Global Sources Exhibitions, who noted that Singapore had re-exports of nearly $230 billion in 2008.
"As a key trading and re-export hub, Singapore is an ideal location for China suppliers to sell to buyers from across the region,” he continued.
The shows are expected to benefit from the new regional free trade agreement that comes into effect this month. Under this agreement, more than 7,000 types of China-made products -- accounting for 90% of merchandized goods imported to ASEAN -- are to be exempted from tariffs.
The events are scheduled to feature co-located specialty shows for exhibitors of various categories, including: gifts and premiums; home products; garments and textiles; hardware and building materials; machinery and industrial supplies; and food and beverage.
Global Sources estimates the initial events will attract more than 600 supplier booths.
"This is a win-win situation for both China's suppliers and Singapore's trade and exhibition industry,” said Ruan Weixing, general manager, Fuijian Huiyuan. “We are proud to work with Global Sources to bring the best quality China suppliers to this event. In doing so, we aim to ensure that the China-ASEAN free trade agreement achieves its full potential to build mutually beneficial trade relationships across the region."
Wong said this year Global Sources Exhibitions has scheduled 48 different events across six cities.
“Our newest shows in Singapore and Johannesburg should help us further support China exporters and buyers worldwide through the highly successful China Sourcing Fairs - a key component of our online, face-to-face and print media platform," he added.
More details about the China Sourcing Fairs are available at http://www.chinasourcingfair.com.
