Port Wings News Network:
With an objective to further enhance trade and also encourage small and medium enterprises to establish trade linkages with China, FIEO is participating in the 2019 South & South East Asia Commodity Expo and Investment Fair (SSACEIF) to be held from June 12 to 18, 2019, comprising of both B2B and B2C at the Kunming Dianchi International Convention and Exhibition Center with 128 booths and companies from all over India.
The SSACEIF will be a good opportunity for Indian businesses and industry associations, to showcase their products not only to Chinese buyers but also to more than 80 countries who will participate in the event.
Trade and economic relations between India and China has seen rapid progress in the last few years. Bilateral trade which was as low as USD 2.92 billion in 2000-01 reached USD 87.06 billion by 2018-19. In the last financial year i.e. 2018-19, India’s export to China touched USD 16.75 billion showing a growth of 25.62% where as China’s export to India were USD 70.31 billion with balance of trade highly in favor of China. Better market accesses have been provided to many Indian exports recently.
Over the last two decades, India-China trade has changed drastically. With the rapidly changing trade dynamics and the rising protectionism, China closer to home, has proved to be one of the major destinations for Indian exports under the current global trade scenario and an obvious immediate alternate to India’s traditional markets USA & Europe.
Mr Mahesh Chandra Keyal, Vice President, FIEO will lead a Pan India delegation of exhibitors and will deliver an address at the China South Asia Business Forum. Mr Sushil Patwari, Regional Chairman (ER), FIEO and Dr Ajay Sahai, Director General & CEO, FIEO are also part of the delegation.
Considering the proximity and the logistics convenience, FIEO foresees huge potential for exports in the near future which is growing steadily and has accordingly beefed up participation in the event.