Ningbo companies seize opportunities at international trade shows

During the Spring Festival holiday, companies in Ningbo, Zhejiang province seized opportunities to expand their presence at international trade shows and explore new markets.

According to the Ningbo Municipal Bureau of Commerce, from Feb 2 to 17, 184 Ningbo companies attended four overseas trade shows - the Trade Show Light in Poland, Apparel Sourcing Paris, Tokyo International Gift Show, and Sourcing at Magic in the United States.

At the just-concluded Sourcing at Magic trade show, for example, fifty textile and apparel companies from Ningbo occupied over 60 booths.

To encourage local companies to participate in international trade shows, the Ningbo authorities launched various measures, including an APEC business travel card, green channel for going abroad, port visa whitelist, and 144-hour transit visa-free policy.

In addition, Ningbo has also leveraged the export credit insurance to support local companies in securing international orders. It is estimated that the Ningbo branch of the China Export and Credit Insurance Corporation approved over 1,500 overseas buyer quotas in February, with a cumulative approved quota amounting to $1 billion.

"Ningbo companies are also well prepared for the upcoming Asia Apparel Expo in Berlin and Fashion Style Russia trade show in Moscow," said Fei Jianming, director of the trade promotion department of the Ningbo Municipal Bureau of Commerce, "In February, more than 300 companies in Ningbo are expected to attend nine overseas exhibitions including 500 booths and a total exhibition area of 4,500 square meters."