Hainan intl agro-product fair wraps up with $10.4b in deals

The 2020 China (Hainan) International Tropical Agricultural Products Winter Trade Fair concluded on Dec 22 in Haikou, with deals worth nearly 68 billion yuan ($10.4 billion) signed for tropical agricultural products.


  With an exhibition area of over 100,000 square meters and 10 exhibition zones, this edition of the trade fair was the largest one yet. Over 110 enterprises from around 31 countries and regions registered for the fair, while 2,300 domestic enterprises from 21 Chinese provinces showcased their agricultural products.

According to Zhao Yingjie, deputy director of the Department of Agriculture and Rural Affairs of Hainan Province, 79 agricultural investment projects were signed at the fair, with 14 projects’ investment value being 100 million yuan or more.

Hainan has been vigorously promoting the construction of a transfer base for the introduction of global animal and plant germplasm resources to strengthen the innovation ability of the seed industry. The trade fair set up a modern seed industry exhibition area to focus on the latest cultivation achievements of Hainan tropical fruit seedlings, fish, and shrimp to build a display platform for industrial exchanges, added Zhao.

The fair is an important bridge to promote international agricultural exchanges and cooperation, said Wang Yeqiao, general manager of Hainan State Farms Investment Holding Group, who added that the company is currently carrying out foreign cooperation projects in poultry breeding.

During the trade fair, many important events were hosted, such as the Hainan Free Trade Port and Tropical Agriculture Summit, as well as the Boao International Summit on Beautiful Countrysides.(Source: ehainan.gov.cn )

Hainan expo features high-quality goods for global economic recovery
A report jointly released recently by KPMG China and The Moodie Davitt found that the Hainan free trade port will likely become the world's biggest duty-free market in the near term if it continues on its current growth curve.
Hainan duty-free operator adds offshore pick-up windows
Following the opening of the Xinhai Port Duty-Free Pick-Up Center on Feb 23, the number of pick-up windows serving duty-free shops has increased to 22, and the pick-up areas for individual customers have been integrated into one. This is expected to offer shoppers more convenient services and improve their shopping experience.
Consumer products expo a boost to Hainan’s free trade port plan
Meanwhile, public opinion is being solicited for a draft Hainan free trade port law, which is expected to grant the province greater autonomy in reform and provide a legal guarantee for the construction of the free trade port, according to Shen Xiaoming, Party chief of Hainan. 
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