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First China-ASEAN Expo ends with clusters of contracts

The first China-ASEAN trade fair (Expo) concluded on Saturday in Nanning, the capital of southwest China's Guangxi Zhuang Autonomous Region, with the signing of many contracts.

During the four-day Expo, Chinese and foreign companies signed 129 contracts worth nearly 5 billion USD. Chinese domestic investors inked 102 contracts worth 47.5 billion yuan ( about 5.75 billion USD) with their domestic partners.

According to the organising committee, the Expo. attracted 18,000 Chinese and overseas businessmen and over 300,000 visitors from home and abroad, and there was a total of 1,505 companies participating in the event, including 516 overseas enterprises.

Addressing the closing ceremony, Pengiran Mashor Pengiran Ahmad, deputy secretary-general of the ASEAN Secretariat, said the Expo was a "great success" and "paved the way for the building of the ASEAN-China free trade area".

FTA - (08/11/2004)


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