Second annual China Sourcing Fairs in Miami grow 16 percent from last year amid boom in Sino-Latin American trade
MIAMI, July 10, 2012 – Global Sources' (NASDAQ: GSOL) 2nd annual China Sourcing Fairs in Miami have expanded to two exhibition halls this year, growing 16 percent from 2011. The shows, which connect buyers from Latin America and North America with China suppliers, run from today through July 12, 2012 at the Miami BeachConvention Center.
Jointly organized with China's Trade Development Bureau, the country's trade promotion arm under the Ministry of Commerce, the shows cover baby & children's products, electronics, fashion accessories, garments & textiles, gifts & premiums and home products. The events also include a selection of products from India manufacturers at the co-located India Sourcing Fair.
"China's trade value with Latin America rose 31.5 percent in 2011 to $241.5 billion. Only the US exceeds China in the level of trade with Latin America," said Tommy Wong, President of Global Sources Exhibitions. "According to estimates, Latin America could surpass the EU as China's largest trading partner by as early as 2017.
"As the economies of Latin America prosper, they are craving more quality consumer goods at competitive prices. Growth in the events is a reflection of growing interest from buyers and from China suppliers who want to get a foothold in the Latin American market."
Officially opening the events were:
The Fairs in Miami are exclusively for importers, traders, and other volume buyers who purchase consumer products for resale to markets throughout North and Latin America. Last year, over 7,600 qualified buyers attended the event.
More details about the China Sourcing Fair in Miami are available at http://www.chinasourcingfair.com/miami.
Inaugural Brazil shows aim to help China boost trade with South America
Global Sources will launch trade shows in Brazil in August 2012, to connect buyers in Brazil and South America with quality China suppliers. The events, which are managed by Milton Exhibits under license from Global Sources, will cover product categories such as electronics, garments and textiles, gifts and premiums, and hardware and building materials.
Wong said: "We are committed to giving our suppliers access to high-growth markets and connecting South American buyers with Asia's best suppliers. Our new events in Brazil strive to be the largest shows of their kind in South America. We expect the events to become the region's premier showcase for quality products from China."