With the objective of further enhancing trade and encouraging small and medium enterprises to establish trade linkages with China, the Federation of Indian Export Organisations (FIEO) will be participating in the 5th China-South Asia Exposition that coincides with the 25th China Import Export Fair from June 14 to 20, 2018. The exposition will focus on both B2B and B2C and will be held at the Kunming Dianchi International Convention and Exhibition Centre in Kunming, Yunnan Province.
Bilateral trade between India and China rose by 18.63 per cent to $ 84.44 billion last year. A rare novelty of the bilateral trade, otherwise dominated by Chinese exports, was that there was about a 40 per cent increase in Indian exports to China in 2017 totalling $ 16.34 billion. One can thus say that of late India has seen a major breakthrough in its exports to China.
China is, therefore, one of the major destinations for Indian exports in the current global trade scenario and an obvious alternative to the traditional markets like the US and Europe.
The China-South Asia Expo will be a good opportunity for Indian businesses and industry associations to showcase their products not only to Chinese buyers but also to buyers from more than 80 countries who will participate in the event.
“The huge increase in participation over the last 8 years itself shows the popularity of the event and importance of China as a growing market,” said Mr Ganesh Kumar Gupta, President, FIEO. Considering the proximity and the logistics convenience, the FIEO chief foresees huge potential for exports in the near future. Therefore, the Federation has beefed up participation in the 2018 edition of the event.
The FIEO President will lead a pan-India delegation of exhibitors and will also address the China South Asia Business Forum. Dr Ajay Sahai, Director-General and CEO, FIEO, too will be addressing the Forum. The theme of the Forum is “Interconnection, Sharing and Win-Win Cooperation”, said a release.