Singapore Firms Head to Shanghai Trade Expo to Seek New Business Deals
Published
A delegation of 54 Singapore companies is taking part in the China International Import Expo (CIIE) in Shanghai. The trip is led by the Singapore Business Federation, which hopes to open new business chances for local firms in China and across the region.
The CIIE is one of the largest trade fairs in the world. It gives companies a place to show their products, meet buyers, and talk about partnerships. For Singapore businesses, the expo is a useful way to reach the large Chinese market without needing to set up an office there first.
The Singapore Business Federation says the mission is designed to help companies find both bilateral and regional opportunities. Bilateral opportunities are deals between Singapore and China, while regional opportunities involve markets in Southeast Asia and other parts of Asia. Firms taking part come from different sectors, and the federation hopes that the visit will lead to lasting business links.
At the expo, the value of deals and trade interest has been reported at about 2.79 billion yuan, or around 420 million US dollars. Business leaders see the event as an important step in strengthening trade ties between the two countries. Singapore firms will continue to meet partners during the expo, and the results of these meetings may be seen in the coming months.
Sources: China Daily
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