APD | Yiwu – highlights of China’s first import expo

November 12 23:50 2018
By APD writer Hu Yahui

Yiwu is playing a big role at the ongoing first China International Import Expo (CIIE) in Shanghai, which runs from Monday until Saturday.

The city has dispatched a 5,000-strong delegation including 500 foreign traders resident here to participate in the CIIE, the largest purchasing group among Chinese county-level cities. And they’re expected to sign intent worthing 200 million U.S. dollars at the expo, according to Wang Birong, director of the Bureau of Commerce of Yiwu.

As part of the expo, a purchase meeting for buyers along the Yiwu-Xinjiang-Europe area, hosted by Yiwu Municipal Government, opened on Thursday, at which the world’s first index of inland silk road was released.

The meeting also witnessed signing ceremonies between more than 20 buyers from Yiwu and overseas enterprises from 10 countries. The agreements worthing 250 million U.S. dollars covered areas ranging from chemical products, household goods, food, to alcohol.

On the sidelines of the CIIE, a plan named ‘’global consumer goods into Yiwu”, consisting of five parts, will also be introduced later.

The five parts will include: holding a CIIE follow-up Yiwu exhibition that offers trade service for global small and medium-sized enterprises (SMEs) all year round; attracting CIIE exhibitors to open stores in Yiwu’s China International Import Commodity City and its Food Market; encouraging Yiwu’s enterprises become agents and distributors of CIIE exhibitors; inviting CIIE exhibitors to visit Yiwu; attracting CIIE exhibitors to use its e-commerce platform that enable them to get online and offline trading services.

Lin Yi, Secretary of the Yiwu Municipal Party Committee, said more than 400 companies from 46 countries and regions have agreed to attend the upcoming two-month follow-up Yiwu exhibition, which will last two months.

From a small trading town to the world’s “commodity hub”, now to its efforts to build a global leading import distribution center, Yiwu has always been a microcosm of China’s import and export trade.

Currently, Yiwu has expanded trade ties with 219 countries and regions, with its import trade highlighting more diversified types of products and channels, especially  food and agricultural commodities. From January to September this year, Yiwu’s imports of food and agricultural products increased by more than 90 percent year on year.

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