18 April 2016
Lower Canton Fair Booth Fee Expected to Reduce Enterprise Burden by Rmb240 Million
Exhibitor cost for enterprises has been further reduced in the 119th China Import and Export Fair (Canton Fair) which opened on 15 April, according to the Ministry of Commerce.
Ministry spokesman Shen Danyang said that the extent of cost reduction was unprecedented. The average booth fee in the export category fell by 18%, or Rmb4,000 compared with the 117th edition, reducing enterprises’ burden by a total of Rmb240 million. Among them, cost per booth in Hall C was reduced by Rmb5,550, and that in Hall A and Hall B was cut by Rmb3,550. Clear requirements were further set out on organisers of various pavilions not to charge participants any other additional fees, which will be treated as illegal collection of charges subject to notifications and criticisms.
Shen said that the sluggish external demand and other factors over recent years gave rise to the more complicated and challenging situation in China’s foreign trade in which enterprises are facing increasing difficulties. To reduce the burden on enterprises, the average booth fee for the 118th Canton Fair held last autumn was lowered by Rmb2,430, making a total fee reduction of Rmb144 million, and illegal collection of charges was banned. Around 24,000 foreign trade enterprises exhibitors have responded enthusiastically, saying that these measures are effective in reducing enterprise burdens, which play an important role in stimulating the vitality of foreign trade enterprises. The Ministry of Commerce’s decision to significantly lower booth fee again in the 119th Canton Fair is a pragmatic measure to further support foreign trade enterprises to reduce costs and overcome difficulties, helping China's foreign trade sector to rebound and develop innovatively amid the current foreign trade situation with increasing downward pressure.