Egypt takes part in first China International Import Fair on Monday
Exhibit represents great opportunity to increase Egyptian exports to Chinese market: Nassar
The first China International Import Fair will kick off On Monday, and will last between 5 to 10 November in Shanghai. Egypt will participate in the exhibition as a guest of honour.The Egyptian pavilion will be opened by Chinese President Xi Jinping and Egyptian Prime Minister Mostafa Madbouly, accompanied by Minister of Trade and Industry Amr Nassar.The Egyptian pavilion includes 38 companies on an area of 256 sqm.
Nassar said that selecting Egypt as the guest of honour reflects the depth of the relations between Egypt and China, where the exhibition represents an important opportunity to increase Egyptian exports to the Chinese market, in various agricultural and industrial sectors, pointing out that the exhibition will contribute towards enhancing trade relations and reducing the trade deficit between the two countries.
The exhibition reflects the current approach of the Chinese government to open up trade relations with the world, especially with regard to import, pointing out that the exhibition represents a historic opportunity for Egyptian and international companies to penetrate the huge Chinese market of 1.3 billion consumers, pointed out Nassar.
The Minister of Trade and Industry indicated that 150,000 prospective buyers will attend the exhibition, which will contribute to opening up China’s substantial market to products from around the world, as well as provide significant opportunities for food and agricultural products, pharmaceuticals, textiles and clothing to penetrate the Chinese market. It will also provide opportunities for Egyptian service sectors such as tourism and culture to enter the promising Chinese market.
The CEO at the Export Development Authority, Sherine El Shorbagi, remarked that the exhibition includes a section for 10 countries, and another for companies from 101 countries. She expressed that 24 Egyptian companies will participate in the exhibition from the fields of agricultural crops and food industries, as well as six companies in the field of medical and chemical industries, four companies in the field of textile and garments, one company in the field of engineering industries, one company in the field of handicrafts, and a company in the field of printing and packaging,in addition to Banque Misr, representing the banking sector.
El Shorbagi stressed that the exhibition includes activities such as bilateral meetings, business reconciliations, investment forums and tourism events, as agreed with Chinese parties regarding the participation of Egyptian companies during the bilateral meetings forum, entitled “Senior Buyers’ of Jiangxi Province Meet International Manufacturers”.