Accra, Jan 26, GNA – The first China International Import Expo will be held from November 5 to 10, 2018, in Shanghai, China to further optimise the country's trade structure with rest of the world.
Mr Chai Zhijing, the Economic and Commercial Counselor of the Chinese Embassy in Ghana, announced this at a press briefing on Thursday in Accra.
Mr Zhijing said the expo is expected to host businesses from more than 100 countries and regions, and that the total exhibition area of the event would exceed 240,000 square meters, covering both national trade and investment fair.
According to him, the Expo would be an important means for countries involved in the Belt and Road Initiative to gain access to the huge Chinese market, since over the past five years, exports to China had boosted many countries' economic development.
He said the Expo would help increase their economic growth, create jobs and also balance trade between the nations.
Mr Zhijing said China was expected to import products and services worth more than 10 trillion dollars in the next five years, and hope to promote trade liberalisation and facilitation.
The Expo, he said, would offer convenience to participating countries and their merchants, and provide the requisite assistance to developing countries, especially the least developed countries.
“The Expo will also organise on-the-spot negotiations and purchase for domestic and foreign purchasers through multiple channels and build one-stop transaction platform to offer online and offline services,” he added.
Mr Carlos Ahenkorah, the Deputy Minister of Trade and Industry, welcomed the initiative adding that the Expo would enable Ghanaian companies to participate in the event and display their goods and services to the world.
Mr Ahenkorah said the Expo would also form part of the government’s industrialisation agenda of ‘One district One factory’ through public-private partnership.
He said African leaders have decided to sign a pact to break all barriers associated with trade and allow for free movement of goods and services within the continent without paying duty fee, which would lead to competition in the world of trade.
The Minister said government would continue to create the enabling environment for the private sector to thrive and therefore urged the Chinese Embassy to facilitate the processes of acquiring visas to the Ghanaian companies without delay.
Ms Gifty Kekeli Klenam, the Chief Executive of the Ghana Export Promotion Authority, said the country would not only participate and display its products but would also learn from the experiences of other countries.