China Import and Export Fair (CIEF), well known as the Canton Fair, was originated in the spring of 1957 and held in Guangzhou every spring and autumn. During the history of 119 sessions, it has borne the record among the international comprehensive trade fairs, with the longest history, the highest level, the largest scale, the most attendances, the most complete varieties of goods and the highest business turnover.
The Canton Fair is composed of 48 trading delegations, including thousands of foreign trade companies, factories, scientific research institutions, foreign invested enterprises, wholly foreign-owned enterprises, private enterprises, etc, all of which are of good credibility and strong financial capability.
Elites of business people visit Guangzhou to trade and communicate in various ways and provide a great deal of chances of commerce. In spite of the traditional negotiation against samples, the fair adds online way of trade. Based on export trade, it also deals with the import trade, economic and technological cooperation and exchanges, as well as commodity inspection, insurance, transportation, advertising, consultation, etc.
Covering an exhibition area of 1.18 million square meters, the 118th session of CIEF in 2015 offered 60,228 stands, which attracted 24,700 enterprises at home and abroad . The export turnover of about 27.01 billion USD surely would make great contribution to the development of foreign trade of China. The coming 119th Canton Fair in the Spring of 2016 is expected to be more promising and magnificent.