The market in Middle South America is a newly emerging market which was hardly emphasized by Yiwu enterprises but remains huge potential of business opportunities. It is known from Yiwu Economy and Trade Bureau that more than 20 Yiwu enterprises will attend the 28th International Trade Fair held in Panama in March of 2010, for the purpose of expanding the markets in Middle South America.
It is known that it will be the first stop for Yiwu enterprises to expand Middle South America market in the 28th International Trade Fair. Yiwu enterprises have attended this fair for 8 years, including Yuhang Pens Company, Longqing Arts & Crafts Company, Aolili Cosmetics Company and so on. Some of them have set branches there, and expanded in sales quota.
"There are huge market demand for Chinese commodities in Middle South America, but the prices of Chinese commodities are extremely high after being imported by various accesses." the chair person of Yiwu Economy & Trade Bureau told that it will be a bridge tower for Yiwu businessmen to firstly enter this market, which remains as much market potential as Dubai did.
Yiwu Enterprises Expand Markets in Middle South America
Panama has weak industrial foundation, and most of the industrial products in domestic market are relying on import, except for food processing, garment, electricity and building materials, etc. Moreover, the Colon Free Zone in Panama is the second largest free trade zone only to Hong Kong in the world. The 2010 International Trade Fair in Panama is one of the most influential fairs in Middle South America, covering most of the industries in Yiwu commodities market.
The participation of this fair is especially supported by Zhejiang Commerce Department with great subsidy. Besides the business communication in the fair, Yiwu Economy & Trade Bureau will also organize market visit and get more market information about Middle South America.
