"Expanding the exhibition size, extending service time, enriching trade promotion activities, promoting interaction with cross-border e-commerce platforms, and optimizing online platform functions at the Canton Fair will provide enterprises and merchants in the world with more convenience of selling and buying," said Minister of Commerce Wang Wentao at the online opening ceremony of the 132nd Canton Fair held on October 15.
[Photo provided to Newsgd.com]
More than 35,000 businesses at home and abroad are participating online, with over 3.06 million registered products, hitting a record high.
"Canton Fair is regarded as the barometer of China's foreign trade and an important window of China's opening up. This year's Canton Fair is ready to bring a wider variety of products and more excellent exhibition experience to foreign and domestic guests and companies. I hope businesses can get to know Guangdong province through Canton Fair and make investments here so as to share the development opportunities and jointly create a better future," said Wang Weizhong, Governor of Guangdong province.
Export exhibitors up by 40 percent
The 132nd Canton Fair is highlighted by its number of participating enterprises. By further opening up its application for exhibitors, it has attracted a total of 34,744 export-oriented companies, up by 40 percent over the last session.
A large number of high-quality enterprises will gather together during the fair. Among them, there are 2,094 brand companies and more than 3,700 high-tech and time-honored enterprises.
"From virtual booth to 3D product exhibition and video producing, we have made many preparations in the hope of getting more overseas orders through the online Canton Fair," said Geng Jizhao, general manager of SKF (Guangzhou) Bearing Co., Ltd.
The online platform covers various sections including Exhibitors + Products, Global Business Matchmaking, News & Events, Services & Support, Cross-border E-commerce, and Rural Vitalization.
The 132nd Canton fair will also hold over 70 global trade promotion activities in the major markets worldwide, including the United States, Germany, Japan, and Australia. Compared with the previous session, this figure is up by 40 percent. And there will be over 40 one-to-one matchmaking activities as well.
[Photo: Nanfang Plus]
"China's auto parts industry has grown rapidly with all kinds of products while enjoying a very high reputation in the world. Latin American countries have a growing market demand in terms of auto parts. I hope we can get more deals in this year's Canton Fair and promote the cooperation and trade between China and Latin American countries in the auto parts industry and even in the whole field of transportation," said Carlos Andrés Pineda, president of Asopartes in Columbia at the recently held "Trade Bridge" events—Vehicle Spare Part Matchmaking Event for Latin American countries.
According to the organizers, nearly 20 major multinational companies and more than 100 professional purchasers have been invited, including Big Lots, Inc., Auchan Retail, Russian food retailer Magnit and UAE supermarket chain Lulu. The purchasing volume is expected to reach tens of millions of US dollars.
Through "Trade Bridge", the Fair will focus on introducing domestic industrial clusters to the world. Five global matchmaking activities have been held, including the Vehicle Spare Part Matchmaking Event for Latin American countries and the New Energy Products Matchmaking Event for Germany.
Since the 127th Canton Fair, this is the 5th consecutive online event. So far, Canton Fair has built partnerships with 170 organizations from 93 countries and regions.
