China News Service, Haikou, May 5th, title: Consumer Expo Preview: The Consumer Expo is ready to speed up the construction of Hainan Free Trade Port
China News Agency reporter Wang Ziqian
The first China International Consumer Goods Fair (referred to as "Consumer Fair") will be held in Haikou from May 7th to 10th, and it is expected to become the largest consumer boutique exhibition in the Asia-Pacific region.
The holding of the first Consumer Expo not only conforms to the strategic positioning of Hainan Free Trade Port, but will also further promote the construction of Hainan Free Trade Port and an international tourism consumption center.
Why did the Consumer Fair land in Hainan?
As the latest national-level exhibition in China, why does the Consumer Fair land in Hainan Free Trade Port?
In the "Overall Plan for the Construction of Hainan Free Trade Port" announced in June last year, China has clarified the positioning of Hainan as an international tourism consumption center and proposed to host a consumer expo.
Chinese Vice Minister of Commerce Wang Bingnan said in an interview with the media in March this year that the holding of the Consumer Expo is a practical action to build an international tourism consumption center in Hainan, which is of great significance to promoting the construction of Hainan Free Trade Port.
Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, said that “the time of the Consumer Fair + the location of the Free Trade Port” has allowed the world to witness the opening of Hainan first, and Hainan Free Trade Port has shown more dividends in trade facilitation. It will also become a reality at the Consumer Fair.
He said that the Consumer Fair, the China Import and Export Fair (Canton Fair), the China International Import Expo (CIIE) and the China International Service Trade Fair (Service Trade Fair) together constitute a "four-wheel drive" national level. Business exhibition system.
Ernst & Young’s latest report stated that the holding of the first Consumer Expo coincides with the increasing demand of Chinese consumers for diversified, personalized and high-quality products. The exhibition will enhance Hainan’s supply chain design, product mix and price competitiveness. It will also help bring the strong consumer demand of more middle-class households back to the domestic market.
Showcase the "window" of free trade port construction
Since the establishment of the Hainan Free Trade Port, it has been benchmarking against the most advanced international economic and trade rules, giving full play to the policy advantages of investment and trade freedom and convenience, and attracting the flow of people, logistics, and capital in the domestic and international dual cycles.
The first Consumer Expo has become an important window to showcase the Hainan Free Trade Port's improvement of the policy system, expansion of the consumer market, and improvement of the business environment.
Judging from the progress in the construction of Hainan Free Trade Port, the current free trade port policy and institutional framework has been initially established, and the construction of an international tourism consumption center has achieved remarkable results.
From the perspective of the preparatory process of the Consumer Fair, the policy innovation of the Free Trade Port is demonstrated in terms of investment invitation, entry of exhibits, and sales policies.
Such as the announcement of the preferential tax policy for the sale of imported exhibits during the exhibition period will play an important role in promoting the construction of Hainan as an international tourist consumption center.
Bai Ming said that the starting point of the positioning of the "tourism + consumption" compound center for the construction of an international tourism consumption center in Hainan is to promote the benign interaction between tourism and shopping.
With the continuous economic growth of Hainan and the continuous improvement of the free trade port policy, in the future, the three major purchasing powers of the island, domestic and foreign countries will leverage each other in the Hainan Free Trade Port, which can stimulate greater consumer demand.
"The Consumer Expo is an integration of the Hainan Free Trade Port policy system, providing domestic and foreign enterprises with a docking platform with the free trade port industrial system." said Xue Yingjie, assistant to the president of Greenland Group and general manager of the Greenland Trading Port Group. Participating in the Consumer Expo reflects Enterprises' recognition of the development direction and potential of the free trade port consumer market will help to further seize new business opportunities.
Add momentum to the construction of a free trade port
The first Consumer Expo will focus on hosting a number of official events and theme forums, creating opportunities for domestic and foreign enterprises to deeply connect with Hainan.
According to Huang Yin, the managing partner of Ernst & Young's South China region, the Consumer Expo will bring together a large number of companies to discuss cooperation, which will promote Hainan to become a huge gravitational field for the smooth circulation of domestic and foreign commodities and elements, and it will also add new impetus to Hainan's construction of a modern industrial system.
"The policy advantage of Hainan Free Trade Port is a major benefit to international consumer brands, and it also brings imagination to the company's layout in Hainan." Sun Jue, Managing Director of Swarovski Crystal Business Greater China, said in an interview. Hainan Free Trade The Hong Kong policy has a major impact on the global supply chain layout of the jewelry industry.
Companies are studying relevant policies, based on the time when Hainan’s entire island is closed, and exploring specific paths suitable for development.
The Consumer Expo will also further expand the scale of the duty-free business on the outlying islands of Hainan.
The relevant person in charge of the Organizing Committee of the Consumer Expo introduced that the Consumer Expo will optimize the duty-free supply system on Hainan’s outlying islands, provide an opportunity for outlying island duty-free shops and other retail businesses to expand supply sources, and promote the brand, variety, and price of duty-free products in the international market. On the "Triple Synchronization".
Liu Feng, director of the Research Center for Free Trade Ports with Chinese Characteristics of Hainan Normal University, said that the stimulating effect of the Consumer Expo on Hainan is reflected in multiple levels.
On the one hand, it has directly promoted the development and consumption upgrade of local tourism, transportation, convention and exhibition, and catering industries; on the other hand, Hainan can guide the investment and settlement of industrial chain related enterprises such as high-end consumer goods and international luxury goods, and explore the development of overseas tax exemption. Innovative models such as "front store and rear warehouse", "front store and rear factory".
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