Canton Fair helps foreign trade companies explore RCEP market

By Yang Yang || Updated: Oct 20, 2022
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A staff member chooses products to showcase online during the ongoing Canton Fair in Guangzhou, South China's Guangdong province, Oct 17, 2022. [Photo/VCG]

The ongoing virtual Canton Fair, or the 132nd session of China Import and Export Fair, provides a platform for foreign trade companies to explore the RCEP market, Economic Information Daily reported on Wednesday.

Sinomax, a mattress and pillow maker in Jiaxing of East China's Zhejiang province, has benefited from the tariff reduction policy of RCEP or Regional Comprehensive Economic Partnership.

The company helped its Japanese customers to apply for RCEP Certificate of Origin for preferential tariff treatment. When this news was released the company attracted the attention of many purchasers from Japan and Vietnam on the first exhibition day of this year's Canton Fair.

During the match-making activities of the Canton Fair, Hunan Hualian Porcelain Industry Co Ltd has also found purchasers from RCEP market. Products of the company are sold in over 40 countries and regions including Africa and South America.

Helping enterprises to explore the RCEP market at the Canton Fair has also become the focus of the trade groups at this year's fair. Trade groups from Jiangsu, Hunan and Guangzhou have provided various services to help companies of their region to explore the RCEP market.

RCEP member states are not only important sources of enterprises for the Canton Fair, but also the main trade markets served by the Canton Fair.

This year's Canton Fair, with expanded scale, optimized platform functions and extended service time, provides international companies, including those in RCEP region, round-the-clock convenience of "staying at home and trading globally", said Wen Zhongliang, vice-secretary-general of the Canton Fair and deputy director of China Foreign Trade Centre.

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