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The
Second Northeast Asia Investment and Trade Fair signing
ceremony in September 2006.
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The
grand opening ceremony of the Second Northeast Asia Investment
and Trade Fair.
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THE Northeast Asia Investment and Trade Fair is an annual State
Council-approved international trade event held between September
2 and 6 in Changchun City, Jilin Province. It is co-sponsored
by the Chinese Ministry of Commerce, the Northeast China Old Industry
Base Revitalizing Leading Group and the Jilin provincial government.
The fair drew a total 500,000 visitors in 2005 and 2006. This
impressive volume included 70,000 traders, 10,000 of them from
overseas. Of attendees from about 100 countries and regions, 123
represented Fortune 500 enterprises. The two fairs realized foreign
trade volume of US $676 million and domestic trade volume of RMB
1.911 billion. They also witnessed the signing of 387 investment
project contracts involving a total investment of RMB 94.59 billion.
Business activities that have since yielded fruit, such as the
Russian Business Week and Northeast Asia Economic Cooperation
Forum, were also held.
Activities at the third Northeast Asia Investment and Trade Fair,
to be held between September 2 and 6 at the Changchun International
Exhibition Center, includes commodity trading, investment and
cooperation and an international conference. In line with international
exhibition practices, its 2,200 exhibition stands are divided
into ten industry sections, including automobiles and spare parts,
petrochemical products, agricultural product processing, high-tech
and electronic products, pharmaceutical and biological products,
infrastructure construction, building materials, textiles and
mineral water resource development.
Contacts to establish more trading platforms are also conducted
between participating countries. Preparatory negotiations regarding
investment projects took place prior to the fair and will be discussed
in more detail once it gets underway. The fair also includes project
presentations, cooperation agreement signing ceremonies and trade
negotiations in which many domestic and international investment
organizations and investors participate.
Forums such as the Northeast Asia Economic and Trade Senior Forum,
the Third Northeast Asia Economic Cooperation Forum and the China-Cuba
Biological Technology Cooperation Development Forum to promote
more exchanges and communications are also staged. Meanwhile,
the respective staging of Russian Business Week, Mongolia Day,
Japan Day, DPRK Day and ROK Day will substantially advance regional
cooperation.
The fair is all the more attractive and diversified a regional
event by virtue of its cultural and sports activities, including
the Meet in Northeast Asia Evening Gala, the 2007 Northeast Asia
Investment, Trade Fair Art Festival and the Fortune 500 Elite
Golf Invitational Tournament. These events will undoubtedly establish
more exchange platforms and consequently potential business opportunities
for inhabitants and businesses in the region.
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