At the 5th China International Consumer Goods Exhibition (CICPE), held on Hainan Island, more than 1,700 companies from over 70 countries and regions expressed confidence in the future of global trade, despite the tariffs imposed by the United States. During the exhibition, which runs from April 13 to 18 in Haikou, foreign investors confirmed their intention to expand cooperation with China by taking advantage of the Hainan Free Trade Port. Jessica Schack, a representative of the British Embassy and head of the United Kingdom Pavilion, noted that British companies are actively using the region's opportunities to strengthen business ties and scientific research.
French winemaker Ramel Francois Felix, who is participating in the exhibition for the first time, stressed the importance of the Chinese market for his company, which accounts for about half of sales. Feng Fei, secretary of the Hainan Party Committee, said that the region is actively attracting investments from 158 countries, increasing the number of companies with foreign capital by an average of 57% per year. Huang Cui, head of the Hainan International Economic Development Authority, spoke about the ongoing efforts of local authorities to improve the business environment and attract global investment to diversify the economy.
Zayed bin Rashid bin Awayda Al-Kubaysi, CEO of Abu Dhabi Investment Group, sees the current economic challenges as an opportunity to strengthen ties between China and the UAE. He noted that Hainan has significant potential for development in such areas as agriculture, healthcare and the aerospace industry. Despite the US tariffs on Chinese goods, the exhibitors are confident in further strengthening trade relations and developing new opportunities for cooperation.
