Foreign trade events of the week

Canton Fair booth fees reduced by 50%, nine cities in the Pearl River Delta work together to stabilize foreign trade

The 137th Canton Fair Export Exhibition Booth Fees Reduced by 50%

On May 1, the China Foreign Trade Center issued an announcement stating that the 137th Canton Fair will reduce booth fees for export exhibition exhibitors by 50%.

Zhang Sihong, deputy director and secretary-general of the Canton Fair and deputy director of the China Foreign Trade Center, said that based on the booth fee standards announced by the China Foreign Trade Center on February 6, 2025, the 137th Canton Fair will reduce booth fees for export exhibition exhibitors by 50%, except for exhibition areas (special areas) such as rural revitalization, which will be exempted from booth fees. Enterprises that have already enjoyed booth fee discounts in that session will maintain the original reduction and exemption. The booth fee standards for each exhibition area after adjustment will be announced on the official website of the Canton Fair, and the fees collected will be returned through the original route of each trading group (sub-group) to ensure that this measure to help enterprises and alleviate difficulties is implemented to each exhibitor.

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ASEAN and China, Japan and South Korea jointly voice: support multilateral trade

The 28th ASEAN and China, Japan and South Korea (10+3) Finance Ministers and Central Bank Governors Meeting was held in Milan, Italy on the 4th. In the joint statement issued at the meeting, the ten ASEAN countries and China, Japan and South Korea reiterated their "firm support for multilateralism." Although the statement did not directly name the United States, foreign media generally believed that this was an indirect response to the US government's recent escalation of tariff policies.

The joint statement also mentioned the path of cooperation, stating that "the current policy focus is to enhance long-term resilience while maintaining flexibility to cope with challenges such as the rise of protectionism and the turbulent global financial situation." "We will strengthen macroeconomic policy dialogue, promote regional financial cooperation, ensure the stability and smooth flow of industrial chains and supply chains, and jointly maintain regional economic and financial stability. We fully support the vigorous implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP)."