Canton Fair: a lucrative platform for trade

Pakistani firm looks for doing more business with China, entire world

GUANGZHOU:

“Business is good this time. I’m here to find out more possibility of doing business with China as well as the whole world,” Safdar Fayyaz, Chief Manager Exports, Piano Exports FZCO, Pakistan, told China Economic Net (CEN) while attending the 134th China Import and Export Fair held in Guangzhou.

The China Import and Export Fair – known as Canton Fair – kicked off on October 15 and entered its third and final phase on October 31. The event, which ended on November 4, attracted exhibitors and buyers from across the globe.

It was Fayyaz’s second participation in the fair. This year, he had dazzling stationery products with price and quality combination. He told CEN that they had some unique coloured pencils from Pakistan that might interest international buyers.

According to the organiser, during the first two phases, a total of 157,200 overseas buyers attended the fair, representing an increase of 53.6%, compared with the same period of last fair.

Among them, more than 100,000 buyers were from the Belt and Road countries and regions, accounting for 64% of the total and showing an increase of 69.9% year-on-year.

The number of buyers from Europe and the United States recorded an increase of 54.9%, compared with the 133rd event.

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On top of the increasing buyer traffic, the event attracted more exhibitors too. Compared with the previous edition, the exhibition area for the 134th fair was expanded by 50,000 square metres and the number of exhibition booths also increased.

More than 28,000 exhibitors participated in the event, with 650 enterprises coming from 43 foreign countries and regions.

Famous Pakistani textile brands including Gohar Textile Mills, MK Sons and so on were there to fortify ties with business partners and tap into the Chinese market.

Launched in 1957 and held twice yearly, the fair is considered a major gauge of China’s foreign trade.

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

 

Published in The Express Tribune, November 5^th, 2023.

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