Global Sources set to expand China Sourcing Fairs to Singapore in November 2010 to support China's trade with the ASEAN countrie
January 12 2010 - 12:30AM
PR Newswire (US)
Shows to feature China suppliers of gifts and premiums; home
products; garments and textiles; hardware and building materials;
machinery and industrial supplies; and food and beverage HONG KONG,
Jan. 12 /PRNewswire-Asia-FirstCall/ -- Global Sources (NASDAQ:
GSOL) is scheduled to hold its first China Sourcing Fair series of
events in Singapore on Nov. 22-24, 2010 at the Suntec Singapore
International Convention & Exhibition Centre, in cooperation
with Fujian Huiyuan International Exhibition Co., Ltd. (Fujian
Huiyuan) -- the leading exhibition company in Fujian, China. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b ) The
shows are positioned to facilitate trade between China and the
Association of Southeast Asian Nations (ASEAN). ASEAN is currently
China's fourth largest trading partner while China is currently the
third largest trading partner of ASEAN. "China and ASEAN are major
trading partners, with bilateral trade reaching $150 billion in the
first nine months of 2009," said Tommy Wong, President of Global
Sources Exhibitions. "Singapore is already the world's second
largest entrepot after Hong Kong, with re-exports of nearly $230
billion in 2008," Wong said. "As a key trading and re-export hub,
Singapore is an ideal location for China suppliers to sell to
buyers from across the region." The shows are expected to benefit
from the new regional free trade agreement that comes into effect
in January 2010. Under the agreement, more than 7,000 types of
China-made products -- accounting for 90 percent of merchandized
goods imported to ASEAN -- are to be exempted from tariffs. The
events are scheduled to feature co-located specialty shows for
exhibitors of gifts and premiums; home products; garments and
textiles; hardware and building materials; machinery and industrial
supplies; and food and beverage. Global Sources estimates the
initial events to attract more than 600 supplier booths. General
Manager of Fuijian Huiyuan, Ruan Weixing, said: "This is a win-win
situation for both China's suppliers and Singapore's trade and
exhibition industry. We are proud to work with Global Sources to
bring the best quality China suppliers to this event. In doing so,
we aim to ensure that the China- ASEAN free trade agreement
achieves its full potential to build mutually beneficial trade
relationships across the region." Wong said: "This year, we have
scheduled 48 different events across six cities. Our newest shows
in Singapore and Johannesburg should help us further support China
exporters and buyers worldwide through the highly successful China
Sourcing Fairs -- a key component of our online, face-to-face and
print media platform." More details about the China Sourcing Fairs
are available at: http://www.chinasourcingfair.com/ . About Global
Sources Global Sources is a leading business-to-business media
company and a primary facilitator of trade with Greater China. The
core business uses English-language media to facilitate trade from
Greater China to the world. The other business segment utilizes
Chinese-language media to enable companies to sell to, and within
Greater China. The company provides sourcing information to volume
buyers and integrated marketing services to suppliers. It helps a
community of over 854,000 active buyers source more profitably from
complex overseas supply markets. With the goal of providing the
most effective ways possible to advertise, market and sell, Global
Sources enables suppliers to sell to hard-to-reach buyers in over
240 countries. The company offers the most extensive range of media
and export marketing services in the industries it serves. It
delivers information on 4.5 million products and more than 247,000
suppliers annually through 14 online marketplaces, 13 monthly
magazines, over 100 sourcing research reports and 12 specialized
trade shows which run 30 times a year across 10 cities. Suppliers
receive more than 96 million sales leads annually from buyers
through Global Sources Online (http://www.globalsources.com/ )
alone. Global Sources has been facilitating global trade for 39
years. Global Sources' network covers more than 60 cities
worldwide. In mainland China, Global Sources has about 2,500 team
members in more than 40 locations, and a community of over 1
million registered online users and magazine readers for its
Chinese-language media. Global Sources Press Contact in Asia:
Camellia So Tel: +852-2555-5021 Email: Global Sources Press Contact
in U.S.: James W.W. Strachan Tel: +1-480-664-8309 Email: Global
Sources Investor Contact in Asia: Investor Relations Department
Tel: +852-2555-4777 Email: Global Sources Investor Contact in U.S.:
Kirsten Chapman & Timothy Dien Lippert/Heilshorn &
Associates, Inc. Tel: +1-415-433-3777 Email:
http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b
DATASOURCE: Global Sources CONTACT: Press contact in Asia: Camellia
So, +852-2555-5021, ; Press contact in U.S.: James W.W. Strachan of
Global Sources, +1-480-664-8309, ; Investor contact in Asia: IR
Department of Global Sources, +852-2555-4777, ; Investor Contact in
U.S.: Kirsten Chapman & Timothy Dien of Lippert-Heilshorn &
Associates, Inc., +1-415-433-3777, Web site:
http://www.globalsources.com/ http://www.chinasourcingfair.com/
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