The third edition of the three day Chinese Trade week (CTW) business and exhibition forum open today at the Conference Centre in Accra.
Officials from the Ghana Investment Promotion Centre (GIPC), the Ministry of Trade and Industry (MoTI), Association of Ghana Industries (AGI) and various professional business bodies are partnering with their Chinese counterparts to organized the event.
The CTW – an initiative under the “belt and road” project, serves as a platform for Ghanaian businesses to establish and build commercial relationships with high caliber professional business groups from China.
The belt and road project is a development strategy adopted by the Chinese government to expand infrastructure development and investment opportunities in Africa, Europe and Asia.
What makes this year’s edition particularly interesting and useful for the local business community is that the Chinese Chamber of Commerce has reiterated that a number of Small and Medium-size Enterprises (SMEs) will enjoy support.
What this implies is that enterprises attending the event can apply for overseas exhibition subsidy and successful SMEs would be selected and part-financed to exhibit their products at trade fairs in China itself should they meet the requirements set.
The event is recognized as a business to business trade fair show featuring over 100 Chinese manufacturers looking to develop direct trading links with the local business community. For the three-day programme, there will be daily seminars on how to successfully trade with China.
Business operators in sectors such as clothing and textiles, construction materials and machinery, lighting and energy, electrical goods and electronics, packaging and plastic, agricultural machinery and automotive parts and accessories are expected to benefit largely.
This business collaboration would in turn give an invaluable platform and opportunity for local businesses seeking to develop strategic partnership and links with a number of Chinese manufacturers.