Where do China-CEEC expo exhibits go?

Exhibits at the third China-CEEC Expo and International Consumer Goods Fair. [Photo provided to chinadaily.com.cn]

More than 3,000 exhibitors from China and Central and Eastern European countries showcased their products at the third China-CEEC Expo and International Consumer Goods Fair which ended in Ningbo, Zhejiang, on May 20.

So where did these exhibits go after the expo?

Under normal conditions, exhibitors can destroy, re-export, or import their residual exhibits by paying tariffs after an expo, which requires exhibitors to assume some economic costs.

To reduce their losses, Ningbo Customs launched the measure of shifting exhibits into goods stored in bond in the customs' special supervision zone, winning more time for their disposal.

"After exhibits are transferred to the special supervision zone, exhibitors can dispose the exhibits at lower cost and in more flexible ways," said Wu Jiaojiao, an official from Ningbo Customs.

For example, if the exhibit is on the positive list of cross-border e-commerce retail imports and satisfies the demand of bonded imports for online shopping, the exhibit can be sold on cross-border e-commerce platforms to more customers.

An exhibitor engaged in the skin care business in Central and Eastern Europe noted that return of their remaining exhibiting skin care products will cost 20,000 yuan ($2,800), but the new measure saves that cost.

Ningbo Customs will assist China-CEEC Expo exhibitors in applying for such a shifting to make it more convenient for high-quality CEEC products to enter Chinese markets.