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Yiwu Int’l Commodities Fair Holds October

Yiwu Fair

By Dipo Olowookere

China Yiwu International Commodities Fair, also known as ‘Yiwu Fair’, will hold at the Yiwu International Exhibition Center on October 21-25, 2016, the organisers of the event have confirmed.

The fair is aiming to be the number one foreign trade fair for Small and Medium Sized Enterprises (SMEs) in the Yangtze River Delta of Eastern China.

It has already become one of the largest, most influential and most effective consumer exhibitions in China, certified by Union of international Fairs (UFI).

The 21st Yiwu Fair held last year saw a turnover of RMB 17.173 billion (US$ 2.57 billion), with year-on-year growth by 0.58%. 2,529 exhibitors from more than 20 countries and regions showcased their products at the 4,500 standard booths of the Fair held at Yiwu International Exhibition Center. The event attracted 213,580 visitors, among whom 62,099 were professional buyers, an increase of 9.5% compared to the previous year.

With an exhibition area of 150,000 m2, the fair will cover 14 industries, namely hardware, mechanical and electrical machinery, electronics and electrical appliances, daily necessities, crafts, stationery and sports goods, outdoor leisure products, needle textiles, ornaments and accessories, toys, e-commerce & business services, pet products, auto & motor parts & components, and festival supplies. This year, the fair is expected to attract 200,000 visitors from more than 200 countries, including 20,000 overseas buyers.

This year, seven special exhibition zones will be set up, including “Made in Zhejiang”, “2016 Zhejiang Smart Design” Excellent Works Show, the “iF International Style Awards” Show, and “One Belt & One Road” Countries’ New Products Show. Meanwhile, the comprehensive international trade service platform will provide services including logistics, credit guaranty, offshore forwarder, Customs declaration certification, foreign trade agency, insurance and legal consulting, and cross-border e-commerce.

In addition, at the creative design zone specially prepared for SMEs, the most creative products and Maker projects will be displayed, helping accelerate the transformation and upgrade of China’s manufacturing industry.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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