2020 Zhejiang Export Online Fair (UAE＆India-Mechanical Transmission Session)
2020 Zhejiang Export Online Fair (UAE＆India-Mechanical Transmission Session), hosted by Zhejiang Department of Commerce and undertaken by Zhejiang Samexpo Exhibition & Convention Holdings Co.,Ltd, is going to be took place from 2nd November to 6th November by ZOOM. The project received strong support from The Abu Dhabi Chamber of Commerce and Industry (ADCCI) and Indian Chamber of Commerce.
With the spread of the pandemic, global economic development has been somewhat hindered. Zhejiang Department of Commerce has been committed to maintain the sustained development of foreign trade in the province, and the international sister cities to tide over the difficulties. As a strong economic and trade power in the Middle East, the UAE and China are highly complementary in economic structure and enjoy broad prospects for economic and trade cooperation. In 2012, China and the UAE established a strategic partnership, which brought their friendly cooperation in various fields to a new level. The UAE actively responds to China’s “One Belt and One Road” initiative. In recent years, the bilateral trade between China and the UAE has been rising rapidly. About 70% of China’s exports to the UAE are re-exported to other countries in the Middle East and Africa through the UAE, making the UAE China’s largest export market and second largest trading partner in the Arab world. In recent years, the import volume of mechanical and electrical products of UAE has been increasing year by year, and it has always been in the first place among all imported goods.The main mechanical and electrical products imported are: mechanical equipment, mechanical transmission, electronic equipment, etc.
India is the largest market in South Asia, and its continued high investment in infrastructure in recent years is bound to lead to an explosion in demand for mechanical transmission products. In this new market, Chinese mechanical transmission enterprises have obvious advantages no matter compared with local Indian enterprises, or European, American, Japanese and Korean enterprises.
In recent years，due to the global economy continues to weaken, to face various difficulties and risks brought by the domestic and international economic adjustment test, Zhejiang transmission industry companies adhere to scientific development as the theme to overcome kinds of difficulties, and the industry keep the good situation of the sustainable and healthy development of economic operation.
Within five days, these Zhejiang enterprises will conduct one-to-one accurate trade negotiation with Thai buyers through online live broadcast on the basis of previous offline match making. It is estimated that the fair will exceed 180 rounds of trade negotiations, the intended turnover is expected to break through $5 million.