Hainan IEDB announces China International Consumer Products Expo for May 2021

CHINA. During a highly engaging presentation at the Moodie Davitt Virtual Travel Retail Expo Knowledge Hub, Hainan Provincial Bureau of International Economic Development (IEDB) Director General Mr Han Shengjian today announced the 2021 China International Consumer Products Expo.

The blue-chip event will be hosted on Hainan island next year from 7-10 May.

The 2021 China International Consumer Products Expo, to be staged on Hainan Island next May, will attract a global audience

The Moodie Davitt Report will work closely with Hainan IEDB to promote the event, which is sure to attract widespread interest from international brands.

Co-organised by the Chinese Ministry of Commerce and the Hainan Provincial Government, the Expo will focus solely on the import of consumer products. It is billed as the “ideal gateway” for brands to enter the lucrative Hainan market.

Hainan Provincial Bureau of International Economic Development Director General Mr Han Shengjian presented a superb, wide-ranging presentation outlining the opportunities for brands and retailers in Hainan

Mr Han also delivered updates on the many exciting plans for the Hainan Free Trade Port and the diverse opportunities for the travel retail and luxury sectors.

He highlighted new policies for low rates of personal and corporation tax; the Hainan government’s commitment to zero tariffs on almost all products imported to Hainan from 1 January 2025; and the tremendous financial impact of the enhanced duty free policy introduced on 1 July this year.

Mr Han also highlighted the attractive personal and corporate tax incentives which will be in force on Hainan Island

He said average sales from duty free on the island are currently running at around US$30 million a day, a figure he is confident will keep increasing.

He said that Hainan IEDB stands ready to provide a one-stop service to brands and companies looking to establish a base in Hainan, adding “we will try to find good business partners here for all of you”.

Watch the full presentation here.

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