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Industry News | Time: May 12 2020 2:04PM
127th Canton Fair exempts exhibition fees for enterprises
 
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The 127th session of the China Import and Export Fair, also known as the Canton Fair, will exempt exhibition fees for enterprises, according to China's Ministry of Commerce (MOC).

Exhibition fees will be waived to cope with the impact of the COVID-19 epidemic and help foreign trade enterprises to expand market and tide over difficulties, said the MOC.

The cross-border e-commerce platforms that participate in the fair-related activities will also be exempted from fees.

The MOC has lowered the exhibition fees of the Canton Fair for many sessions to relieve pressure on firms and exempted booth fees for enterprises from poverty-stricken areas in recent years, saving over 2 billion yuan ($283 million) for enterprises.

The 127th session of the Canton Fair will be held online from June 15 to 24.

Source: ChinaDaily
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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