HONG KONG, Jan. 12 /PRNewswire-Asia-FirstCall/ -- Global Sources (Nasdaq: GSOL) is scheduled to hold its first China Sourcing Fair series of events in Singapore on Nov. 22-24, 2010 at the Suntec Singapore International Convention & Exhibition Centre, in cooperation with Fujian Huiyuan International Exhibition Co., Ltd. (Fujian Huiyuan) -- the leading exhibition company in Fujian, China.
The shows are positioned to facilitate trade between China and the Association of Southeast Asian Nations (ASEAN). ASEAN is currently China's fourth largest trading partner while China is currently the third largest trading partner of ASEAN.
"China and ASEAN are major trading partners, with bilateral trade reaching $150 billion in the first nine months of 2009," said Tommy Wong, President of Global Sources Exhibitions.
"Singapore is already the world's second largest entrepot after Hong Kong, with re-exports of nearly $230 billion in 2008," Wong said. "As a key trading and re-export hub, Singapore is an ideal location for China suppliers to sell to buyers from across the region."
The shows are expected to benefit from the new regional free trade agreement that comes into effect in January 2010. Under the agreement, more than 7,000 types of China-made products -- accounting for 90 percent of merchandized goods imported to ASEAN -- are to be exempted from tariffs.
The events are scheduled to feature co-located specialty shows for exhibitors of gifts and premiums; home products; garments and textiles; hardware and building materials; machinery and industrial supplies; and food and beverage. Global Sources estimates the initial events to attract more than 600 supplier booths.
General Manager of Fuijian Huiyuan, Ruan Weixing, said: "This is a win-win situation for both China's suppliers and Singapore's trade and exhibition industry. We are proud to work with Global Sources to bring the best quality China suppliers to this event. In doing so, we aim to ensure that the China- ASEAN free trade agreement achieves its full potential to build mutually beneficial trade relationships across the region."
Wong said: "This year, we have scheduled 48 different events across six cities. Our newest shows in Singapore and Johannesburg should help us further support China exporters and buyers worldwide through the highly successful China Sourcing Fairs -- a key component of our online, face-to-face and print media platform."
More details about the China Sourcing Fairs are available at: http://www.chinasourcingfair.com .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 854,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.5 million products and more than 247,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 12 specialized trade shows which run 30 times a year across 10 cities.
Suppliers receive more than 96 million sales leads annually from buyers through Global Sources Online (http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 39 years. Global Sources' network covers more than 60 cities worldwide. In mainland China, Global Sources has about 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for its Chinese-language media.
Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5021 Email: firstname.lastname@example.org Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-480-664-8309 Email: email@example.com Global Sources Investor Contact in Asia: Investor Relations Department Tel: +852-2555-4777 Email: firstname.lastname@example.org Global Sources Investor Contact in U.S.: Kirsten Chapman & Timothy Dien Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: email@example.com
SOURCE Global Sources