Global Sources to Expand China Sourcing Fairs to Singapore
By Staff -- Gifts and Dec, 1/12/2010 8:54:00 AM
Hong Kong – Trade faciliation company Global Sources will hold its first China Sourcing Fair series of events in Singapore on November 22–24 at the Suntec Singapore International Convention & Exhibition Centre, in cooperation with exhibition company Fujian Huiyuan International Exhibition Co. Ltd.
The events are scheduled to feature co-located specialty shows for exhibitors of 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.
The shows are positioned to facilitate trade between China and the Association of Southeast Asian Nations (ASEAN), China's fourth largest trading partner. China is currently the third largest trading partner of ASEAN.
The shows are expected to benefit from the new regional free trade agreement that comes into effect in January. Under the agreement, more than 7,000 types of China-made products–accounting for 90 percent of merchandized goods imported to ASEAN–are to be exempted from tariffs.
"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.
"Singapore is already the world's second largest entrepot after Hong Kong, with re-exports of nearly $230 billion in 2008," Wong said. "As a key trading and re-export hub, Singapore is an ideal location for China suppliers to sell to buyers from across the region."
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