6,000 businesses expected at 3rd China Trade Week

Yofi Grant – CEO, Ghana Investment Promotion Centre

Over 6,000 business professionals are expected to attend the 3rd edition of the China Trade Week (CTW) Ghana, to be held June 19th-21st 2019 at the Accra International Conference Centre.

Zahoor Ahmed, the International Events Director at MIE Group, organiser of the event, said the event aimed at creating opportunities for local businesses to develop new business channels with Chinese businesses as well bridging the China-Africa gap.

CTW is a B2B trade show specialist featuring Chinese producers and manufacturing firms. These entities are keen on connecting with the local and regional sourcing, buying and purchasing professionals from Ghana and other CTW territories in the Middle East and Africa.

Speaking at the launch of the CTW event in Accra, Zahoor Ahmed indicated that it is an excellent opportunity for the local business community to develop direct trading links with high-end Chinese producers and solution providers.

CTW Ghana 2019 will host many exhibitors from multiple industry sectors representing the latest products solutions, as well as a new feature – a conference day and a series of seminars.

He also added that China has the resources to make products according to all scalable budgets, from the very low to the highest quality, and CTW Ghana highlights this market segmentation.

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Yofi Grant, CEO of Ghana Investment Promotion Centre, maintained that China’s path represents a good example for Ghana to follow as it aims at transforming its economy that is predicated on exporting raw materials and resources into one of value-addition and productivity.

“China’s notion of developing trade lines along infrastructure is very critical for us at this time, and if you notice what is happening in China through the Belt and Road initiative that will link 4.4 billion people is to bring the world closer in trade and partnerships.

“And so, even as we embark on Ghana Beyond Aid, we are looking for sustainable partnerships and relationships which will enable us to utilise our resources for development; and once again, China becomes a willing partner in that endeavor,” he said.

He also indicated that trends from GIPC indicate that there is a lot more investments from China in Ghana, and reckons these are not just investments but partnerships that will accrue to the country’s benefit.

Chinese state news agency Xinhua reveals that China-Ghana bilateral exchange reached US$6.67billion in 2017, representing an 11.7 percent year-on-year increase.

This year’s exhibition will showcase more variety and high-end Chinese manufacturers looking to develop long-term relations with local buyers across Ghana.

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The companies will cover various industry sectors such as chemicals, food and beverages, construction materials, outdoor goods, daily necessities, furniture, home electricals and electronics, clothing and textiles, television and satellite, baby products and personal-care among others.

China Trade Week is organised by MIE Events, an international exhibition company, with local partner Geovision Services – which is thrilled to be bringing the comprehensive China-focused event back to the West Africa region.

As a business event, CTW Ghana seeks more to engage professional buyers in retail, wholesale, distribution and import/export as well as entrepreneurs who have been thinking about starting trade relations with China.

China is Ghana’s largest trading partner, and Ghana’s export to China surpassed US$1.85billion in 2018. China has invested in Ghana’s bauxite industry as well as infrastructure, whereas Ghana exports cocoa to China.

China’s financial investment in the West African country in 2017 reached US$123million, covering 25 projects.

CTW Ghana is a China-focused trade event showcasing high-quality Chinese products from a variety of industries. Established in 2013, China’s Belt and Road Initiative (BRI) is a comprehensive framework for organising multinational economic development and trade, which has inspired the creation of China Trade Week.

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