Grand Thai-Chinese trade fair expected to enjoy massive boost
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One of the business world's grandest events, the 2015 Asean (Bangkok) China Import & Export Commodities fair, is set to close out the year next month and is expected to boost Thai-Chinese trade to the tune of Bt2 billion.
The fair, which is hosted by the AsianInternational Trade and Investment Association (AITIA), is being held at Halls 5-6 of Impact Muang Thong Thani from November 27 to 29. Marking the 40th anniversary of ThaiChinese relations, it will respond to ongoing economic expansion and the launch of the Asean Economic Community (AEC) at the end of this year.
Wu Zhiyi, chairman of AITIA, said that more than 3,000 categories of export quality consumer products will be on display at the fair, which will attract more than 1,500 Chinese businessmen for trading and business matching.
“More than 200 companies from 15 Chinese provinces involved in the import and export of cosmetics, spa products, food, beverages, garments, electrical appliances, machinery, motorbikes, construction materials and medical equipment will be represented,” he said.
“SME Clinics” hosted by each participating Chinese province will also be part of the event and will provide knowledge to Thai SME entrepreneurs on opening and running a successful business in China.
One of the highlights will be a lecture from the Intellectual Property Rights of China agency from Beijing on intellectual property rights issues related to the building of Thai brands in China.
Visitors to the fair will also have opportunity to visit a “Thailand Pavilion” – the first to be set up at a domestic fair. The fair will bring together more than 100 Thai entrepreneurs to meet with Chinese visitors and buyers as well as Thai buyers interested in acquiring local products of export standard at reasonable prices and in special promotions especially provided for the fair.
“There will also be seminars and symposiums covering such subjects as business, investment, innovations and China’s superb technology that will allow for the sharing and exchange of knowledge and experience among entrepreneurs, academicians and the general public,” Wu said.
“China’s consumer market tops one billion people and this has led to a shortage of resources. Thai products therefore have many opportunities to grow and thrive in the Chinese market. Chinese people feel safe about visiting Thailand and setting up bilateral trade and businesses.”
China’s economy might be showing signs of a slowdown but its economic foundation and potential as well as its durable financial means ensure the stability of the country. It is thus an excellent source of income for Thailand.
The AITIA currently has a membership of more than 1,000 Thai entrepreneurs involved in many kinds of products and has the objectives of supporting trade, investment and cooperation between Thai and Chinese entrepreneurs as well as other countries in Asia and in the world.
Its first mission is to prepare for Thailand entering the AEC this year and extending its assistance in subsequent years.
