Canton Fair signs cooperation agreements with global partners in Guangzhou

(ECNS) -- The China Foreign Trade Centre (CFTC) held a signing ceremony for the Global Partnership Program of the China Import and Export Fair, also known as the Canton Fair, in Guangzhou, Guangdong Province, on Tuesday. To date, the Canton Fair has established cooperation with 231 overseas institutions from 110 countries and regions.

The Canton Fair, known as a barometer of China's foreign trade, has been continuously upgrading its global partnership program to create a regular mechanism for precise supply-demand matching and to attract more high-quality overseas buyers.

At the ceremony, three overseas institutions, including the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM), signed new agreements to join the program, while three others, including the Lagos Chamber of Commerce & Industry (LCCI), renewed their cooperation.

FSGMAM President Hong Chee Meng said the association looks forward to close cooperation with the Canton Fair in buyer organization, supply-demand matching, trade facilitation and market development, to create new opportunities for enterprises in Malaysia, China and other Regional Comprehensive Economic Partnership (RCEP) member countries.

Dr. Chinyere Almona, director general of LCCI, said that through previous cooperation, many of its member companies had found quality suppliers at the Canton Fair and reduced procurement costs. The renewal will continue the mutually beneficial institutionalized cooperation.

Su Bin, deputy secretary-General of the Canton Fair and Deputy Director of the China Foreign Trade Centre, expressed the hope that global partners will leverage their local resources to recommend quality buyers and organize professional purchasing delegations. The Canton Fair will provide dedicated one-on-one services and hold regular online and offline supply-demand matchmaking events.

The 140th session of the Canton Fair will be held in Guangzhou from Oct. 15 to Nov. 4. The exhibition area will cover 1.55 million square meters and accommodate 75,700 standard booths.

(By Tang Yuxian)