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Greater Bay Area

Observation of the Canton Fair: Enterprises in the Greater Bay Area Collaborate to Expand Overseas Markets

2024-04-24   

The second phase of the 135th China Import and Export Fair (Canton Fair) opened in Guangzhou on the 23rd. The number of exhibitors and product scale at this year's Canton Fair have reached a new high, with nearly 5500 companies from Guangdong Province participating, most of which are from mainland cities in the Greater Bay Area; 58 companies from Hong Kong and Macau participated in the import exhibition. Through the Canton Fair platform, enterprises in the Guangdong Hong Kong Macao Greater Bay Area can efficiently connect with the global market. On April 23rd, the second phase of the 135th Canton Fair opened. On that day, the "Bay Area Power Brand Going Global" strategy was announced at the Canton Fair. Lin Long'an, President of the Greater Bay Area Import and Export Business Association, stated that this strategy aims to further consolidate the strength of the Greater Bay Area's import and export industry, fully utilize each other's resources and advantages, and build a brand cooperation platform that integrates industry collaboration, brand building, and other functions to promote the internationalization process of the Greater Bay Area brand. The reporter found that many enterprises from the Greater Bay Area participating in this year's Canton Fair have fully integrated the advantages and industrial synergy of various cities in the Greater Bay Area, achieving "joint shipping and going out to sea". For example, the essential oil manufacturer Fragrance Family (essence) Flavor&Fragrance Co., Ltd. has set up a branch in Foshan, Guangdong Province, which is an important manufacturing city. The daily output of its products can reach 100000. At the same time, as a Macao enterprise, it makes full use of the platform of Macao to promote its products to the market of Portuguese speaking countries. Yang Duo, a purchaser from Hong Kong, is an executive director of Shenzhen Qianhai Global Whale Selection Digital Technology Co., Ltd. He participated in the Canton Fair for the first time in cross-border e-commerce and live streaming e-commerce business, hoping to expand his business to Southeast Asia, Europe, and the Middle East. "Hong Kong has international reputation and brand advantages, and has testing and certification institutions that meet international standards in the 3C product and food fields, which has a great advantage in promoting brands in the Greater Bay Area to further 'go global'." Yang Duo said, "We have sites on overseas live streaming platforms, and companies can choose anchors from Indonesia, Vietnam, Malaysia and other places to sell on the platform. They introduce Chinese products to the local area, especially products from the Greater Bay Area, and promote product 'going global' through the linkage of different industrial chains in the Bay Area. The" 9+2 "Urban Import and Export Economic and Trade Activity Zone in the Guangdong Hong Kong Macao Greater Bay Area also appeared at the Canton Fair on the same day.". This is one of the important achievements of the Canton Fair in attracting investment in Hong Kong, marking the further coordinated development of the Guangdong Hong Kong Macao Greater Bay Area. This activity area participated in the Canton Fair for the first time in the form of a Greater Bay Area Import and Export Industry Cooperation Platform, and established a display and contact area for the Greater Bay Area Import and Export Merchants Association, providing economic and trade cooperation and exchange services such as business negotiations and project release promotion for participating enterprises in the Greater Bay Area. On April 23rd, the "9+2" urban import and export economic and trade activity zone in the Guangdong Hong Kong Macao Greater Bay Area made its debut at the 135th Canton Fair. "Everyone is here to meet old friends, have face-to-face discussions, and explore new opportunities for win-win cooperation." Su Bin, Director and Vice President of China Foreign Trade Center Group Co., Ltd., said that the integrated development of import and export industries not only helps to improve the overall level of the Greater Bay Area, but also helps to achieve new urban development, international recognition, and global influence. It also provides more opportunities for global merchants to understand the investment in the Greater Bay Area. Shenzhen Jiada Energy Conservation Environment

Edit:Lubaikang Responsible editor:Chenze

Source:China News Network

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