Guangzhou City Held the 132nd Canton Fair to Promote Trade Cooperation and Continue to Expand the "Circle of Friends" of China's Foreign Trade

GUANGZHOU, China, November 28, 2022--(BUSINESS WIRE)--In 2022, the "cloud" terminal of the 132nd Canton Fair will be successfully opened, and more than 35,000 domestic and foreign companies will break through the boundaries of time and space and appear online intensively. 416 companies from 34 countries and regions also displayed their products online. In addition, there were 34,744 domestic enterprises, an increase of about 40% over the previous session.

This Canton Fair has held more than 70 global trade promotion activities in key global markets, including the United States, Germany, Japan, Australia and so on. Thomas Kifer, from Germany, said, " Over the years, I have met many quality suppliers at the Canton Fair. The Canton Fair, held online under the epidemic, has made positive contributions to maintaining the stability of the global supply chain and provided opportunities for overseas buyers to negotiate online."

Online holding of the China Import and Export Fair, the country's largest-scale trade event, has effectively promoted trade exchanges and cooperation between China and other countries and regions in the world, amid the global COVID-19 pandemic, according to a senior commerce official." 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 Wang Wentao, minister of Commerce. Wang made the remarks during a video speech to mark the online opening of the trade fair, Usually seen as a barometer of China's foreign trade, held twice a year in April and October, in Guangzhou, the capital of Guangdong province.

So far, Canton Fair has established partnerships with 170 institutions from 93 countries and regions. In order to expand the global marketing network, the Canton Fair Global Partner Program is also being further promoted, focusing on the development markets along the "Belt and Road" and the marketing channels of key visiting countries, and continuously expanding the "friend circle" of the Canton Fair and China’s foreign trade.

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Canton Fair
Steve Petter