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2020 Cixi Cloud-based ExportExpo(Asia) kicks off
Time: 2020- 09- 15 14: 42 Browse: 信息来源: 慈溪市人民政府网站

On September 7, the Asian Online Video Matchmaking Conference for China’s Machinery and Electronic Products and the 2020 Cixi Cloud-based Export Expo (Asia) kicked off. This event was aimed at maintaining foreign trade amid the pandemic, helping foreign trade businesses seek global orders, expand the Asian market and further improve the layout of the international market.

Through precise online negotiation and pre-matching of offline supply and demand, this cloud-based fair, via video conference app ZOOM, engaged a total of 50 Cixi enterprises and 20 foreign companies. More than 70 trade talks were held among them.

In recent years, Cixi has maintained close bonds with other regions in Asia in various fields, further expanding the share of multilateral trade. In 2019, Cixi products were exported to 208 countries and regions, with an export value of over USD10 bln. Of them about USD600 million went to ASEAN countries and about USD300 million to India. Besides, more than 300 Cixi companies have engaged in direct trade with India businesses with products covering home appliances, bearings, auto parts and other industries. In the opening speech of Secretary General of India China Economic and Cultural Council(ICEC) praised that the Cixi government’s innovation-based service ideas amid the raging pandemic provided valuable scope for export businesses to expand their presence in the international market. Indian buyers attending the cloud fair were mainly interested in mechanical and electrical products, hardware tools, auto parts, building materials and medical supplies. Both sides expressed the hopes to have close exchanges and win-win results.

The COVID-19 coming knocking at our door this year has affected the economic and trade exchanges between China and India. But the bilateral trade cooperation is an inevitable trend with broad prospects. At the present stage, Cixi gives full play to the implications of the cloud-based fair which is also a beneficial attempt to innovate the mode of bilateral economic and trade cooperation.

In the one-on-one negotiation, 134 talks were held between Indian buyers and Cixi export enterprises in electromechanical equipment, epidemic prevention materials, bearing and auto parts,  enabling all participating enterprises to realize efficient, fast matching. Participants were enthusiastic and shared business cards with each other. What’s more, this event gives more than half of the companies access to new buyers and formed brand new online trade channels.

Global trade has been hit hard by COVID-19 and participating in online exhibitions and innovating the business model have thus become a must, according to the Cixi Ministry of Commerce. For many foreign trade enterprises, this cloud-based version beckons brand-new business scenes, models and marketing method and can also help them seize the opportunity and forge ahead to open up a new chapter of foreign trade.

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